Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Thor Mining reports further positive assay results from the second diamond drill hole at its Molyhil tungsten molybdenum project
  • The drill holes were designed for the production of concentrate samples and won’t be included in the Molyhill Mineral Resource Estimate
  • Assays confirmed high-grade scheelite and molybdenum mineralisation
  • Further copper mineralisation was also confirmed
  • Following these results, Thor has commissioned RPMGlobal to upgrade the Molyhil Mineral Resource Estimate so it includes copper

Thor Mining has announced further positive assay results from the second metallurgical bulk sample diamond drill hole at its Molyhil tungsten molybdenum project.

The two diamond drill holes were drilled down plunge of the Molyhil Yacht Club lode to collect material for the production of tungsten and molybdenum concentrate samples. The holes were designed solely for the production of concentrate samples and won’t be contributing to Molyhil’s Mineral Resource Estimate.

The Molyhil deposit is located 220 kilometres north-east of Alice Springs within the prospective polymetallic province of the Proterozoic Eastern Arunta Block in the Northern Territory.

Highlighted assays include: 3.5m @ 1.32%WO3 from 9.5m, 10m @ 0.32% Cu from 44m, 10m @ 1.32%WO3 from 53m, 5m @ 1.74%WO3 from 76m including 2m @ 0.81%Mo from 78m and; 7m @ 1.58%WO3 from 88m including 4m @ 0.44%Mo from 88m.

These assays have confirmed the presence of high-grade scheelite and molybdenum mineralisation. Further copper mineralisation has also been intersected.

“It is very rewarding to have more high tenor bulk sample assay results at Molyhil and to have confirmation of extensive high-grade scheelite and molybdenum mineralisation. The continued confirmation of copper mineralisation at potentially economic levels is also very pleasing,” Executive Chairman Mick Billing said.

Following these positive results, the company has commissioned RPMGlobal to upgrade the Molyhil Mineral Resource Estimate so it includes copper.

“Thor has commissioned a review of the resource estimate for Molyhil to include this, however until that work is complete, we can ascribe no additional value for any potential copper at this time,” Mick continued.

THR by the numbers
More From The Market Herald

" Horseshoe Metals (ASX:HOR) completes ASX requirements for potential relisting

Horseshoe Metals (HOR) has completed the activity requirements for the ASX to consider lifting its suspension from trading.
Renascor Resources (ASX:RNU) - Managing Director, David Christensen

" Renascor Resources (ASX:RNU) reports higher yields for Siviour Project

Renascor Resources (RNU) has reported higher yields and higher prices for its purified spherical graphite.

" Manhattan Corporation (ASX:MHC) extends term at uranium project

Manhattan Corporation (MHC) has announced the extension of term for its fully owned exploration license covering its Ponton Uranium Project.

" Black Dragon Gold (ASX:BDG) completes first tranche of placement

Black Dragon Gold (BDG) has raised $1.85 million under the first tranche of its recently announced $2.4 million placement.