Thor Mining PLC (LON:THR) has been granted an additional exploration licence area which secures additional ground along strike from its Molyhil tungsten deposit in the Northern Territory. The application was lodged after the company received highly encouraging results from a shallow drilling campaign in 2016. This campaign was designed to test for satellite deposits in close proximity to Molyhil, already well-established as a tungsten deposit. The new licence area comprises 68 square kilometres of ground highly prospective for further Molyhil-style skarn hosted tungsten deposits. "The exploration results from the 2016 drilling program provided all the encouragement required to pick up this extra ground,” said Thor chairman Mick Billing. “Even moderate exploration success in this new exploration area is likely to have a dramatically positive effect on the Molyhil mine life and economic outcomes."
Thor adds to tungsten upside at Molyhil with the acquisition of new ground
Thor has added 68 square kilometres of new ground to its holdings in Northern Territory, Australia.