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Thor Mining to push ahead with Bonya drillng after encouraging tungsten samples

Outcrops at surface extended more than 500 metres and were open ended.

Thor Mining PLC (LON:THR) has found extensive tungsten mineralisation in samples from the Samarkand deposit, one of thirteen deposits at Bonya in Northern Territory.

Bonya is a 40/60% joint venture with Arafura Resources Limited ASX:ARU and sits adjacent to Thor’s Molyhil tungsten project.

Outcrops at surface extended more than 500 metres and were open ended.

Thor hopes to get a licence to start drilling as early as this month.

Mick Billing, executive chairman, said: "Samarkand is just one of what we believe will be series of satellite tungsten and copper deposits within economic trucking distance of Molyhil, thus making the case for Molyhil development even more compelling."

"These initial results demonstrate proof of surface outcropping tungsten mineralisation extending in excess of 500 metres strike length at the Samarkand deposit."

"Current indications are that Bonya tungsten mineralisation is coarse grained and may be amenable to low cost pre-concentration by x-ray ore sorting and treatment at the Molyhil processing plant."

 

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