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More encouraging tungsten and copper results from Thor Mining’s Bonya deposits

Thor is making good progress with exploration work at Bonya

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Thor has had a long-standing interest in tungsten

Thor Mining PLC (LON:THR)(ASX:THR) has revealed further interim exploration results from drilling at the Bonya tungsten deposits, adjacent Molyhil, in the Northern Territory of Australia.

The Bonya project is held in 40-60 joint venture with Arafura Resources Ltd (ASX:ARU), with both parties contributing to the cost of the program in proportion to project equity.

WATCH: Thor Mining's Mick Billing upbeat on Bonya results as financing discussions progress

Interim results for the Samarkand prospect obtained via portable X-ray fluorescence (XRF) determination show highlights of 15 metres grading 0.44% tungsten trioxide (WO₃), 8 metres at 0.36% WO₃, and 11 metres at 0.61% WO₃.

The drilling also hit copper, with highlights including five metres at 0.5% copper, 12 metres at 0.69% copper and six metres at 0.97% copper.

"More very good XRF tungsten results along with exciting copper readings from the Samarkand  deposit at Bonya," enthused Thor executive chairman Mick Billing.

"The proposed Molyhil processing facility is designed to extract copper as well as tungsten and molybdenum so any primary copper at Bonya can be extracted at minimal additional cost.

"We look forward to the full laboratory assays from this drill program, along with results from the trench sampling from Marrakech and Tashkent, all expected during May."

 

 

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Price: 0.204 GBX

AIM:THR
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