Thor Mining PLC (LON:THR) chairman Mick Billing spoke of a “a busy and productive period for the company” as he updated on quarterly activities.
Of particular interest was the Pilot Mountain tungsten project.
“The continued positive results at Pilot Mountain demonstrate the significant and increasing value of this project and we are very keen to commence the next drilling program in the next 2 to 3 weeks,” said Billing.
But there was plenty more too.
"We are also highly encouraged by our recent site visit and due diligence exercise, which is ongoing, at the Big Sandy lithium project in Nevada"
The Big Sandy project comprises 112 Federal claims each of approximately 20 acres in size.
A 2017 exploration program was concluded with 231 hand dug channel samples, with some promising lithium grades discovered, averaging 786 ppm lithium with a range of 19 ppm to 2,930 ppm lithium.
Subsequent to the end of the period, Thor representatives visited each of the Arizona project sites and collected independent samples, in particular from the Big Sandy project.
Assay testing of samples collected is now underway along with mineralogy testwork. Discussions were also held with the US Bureau of Land Management ("BLM") which is responsible for title and permitting issues.
During the quarter, a placement to raise UK£460,000 from sophisticated investors was announced. This was subsequently ratified at a General Meeting of shareholders on 27 July 2017.
Thor also holds several Australian assets, on which work continues.