viewThor Mining PLC

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

Thor is making good progress with exploration work at Bonya

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."



Quick facts: Thor Mining PLC

Price: 0.204 GBX

Market: AIM
Market Cap: £2.2 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Thor Mining PLC named herein, including the promotion by the Company of Thor Mining PLC in any Content on the Site, the Company receives from...



Thor Mining PLC nearing a deal for its Spring Hill gold royalty

Thor Mining PLC's (LON:THR) Mick Billing caught up with Proactive London's Andrew Scott following the release of its half year report to December 2019. Billing recaps on main developments across its core portfolio of projects and says they're nearing a deal to sell their royalty on the Spring...

3 weeks, 3 days ago

2 min read