logo-loader
viewThor Mining PLC

Thor Mining has tungsten potential of Bonya affirmed by lab tests

Tungsten was recorded at widths of up to 29m near the surface at the White Violet and Samarkand targets

lights
Bonya is adjacent to the Molyhil project in Northern Territory

Thor Mining PLC (LON:THR) says lab tests have affirmed the good tungsten grades from its drilling programme at Bonya in Northern Territory, Australia.

Tungsten was recorded at widths of up to 29m near the surface at the White Violet and Samarkand targets, with copper also present at the latter.

Mick Billing, Thor Mining’s executive chairman, said the near surface tungsten and copper mineralisation occurrences have significant growth potential and future drilling will test the extent of the deposits.

Bonya is adjacent to Thor’s flagship project at Molyhil and can be a material addition to the resources and economics of that project, he added.

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

The project is held in a joint venture between Arafura (60%) and Thor (40%) with Thor acting as manager.

Quick facts: Thor Mining PLC

Price: 0.395 GBX

AIM:THR
Market: AIM
Market Cap: £4.25 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Thor Mining's Mick Billing highlights 'significant value' in its core assets

Thor Mining's (LON:THR) Mick Billing tells Proactive London's Andrew Scott they're continuing to advance exploration activities at Bonya to add value to the Molyhil project. He says drill results have so far been encouraging with higher than expected grades at White Violet.  He...

2 weeks, 4 days ago

RNS

Response to ASX price query

1 week, 2 days ago

Holding(s) in Company

1 week, 3 days ago

Appendix 3Z

1 week, 4 days ago

Appendix 3Z

1 week, 4 days ago

Director/PDMR Shareholding

1 week, 5 days ago

Appendix 3B

2 weeks, 2 days ago

Directorate Change

2 weeks, 3 days ago

2 min read