Thor Mining PLC (LON:THR) investee company Hawkstone Mining Ltd (ASX:HWK) has reported positive assay results from drilling at the Big Sandy lithium clay project in Arizona, US.
The miner started a 37-hole phase two diamond drill programme in February to test the lateral extent of clay hosted lithium mineralisation within the northern mineralised zone.
Hawkstone managing director, Paul Lloyd, said assay results from seven additional drill holes at the project show “the significant potential” of the Big Sandy project.
The group will report assay results from a further eight drill holes as they become available while the final three hols of the programme at yet to be drilled.
Thor owns a 1.075% stake in Hawkstone.