Thor Mining blooming after White Violet drilling results
These drill results from the highlights section of the stock market announcement (RNS) are clearly high-grade to mid-grade
Company
LON:THR
Thor Energy PLC is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. The company has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Thor Energy's projects are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.
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These drill results from the highlights section of the stock market announcement (RNS) are clearly high-grade to mid-grade
Thor has a consistent record of expertise in tungsten exploration
The AIM-listed firm said visible gold had been found in 13 of 44 sediment trap sites at the project, a result it said was “very encouraging”
The Tungsten price has recovered more than 25% since early September, due to a potential market overhang being removed in China
The mining firm's chairman, a non-executive director, and its major shareholder all contributed to the latest fundraising
The junior has been drilling at a number of prospects, with a second campaign at the Bonya tungsten deposits in the Northern Territory of Australia getting underway this month.
The mineral explorer also announced it is to receive 7.8mln new shares in Hawkstone Mining which controls Big Sandy lithium deposit, taking its total stake to 1.87%
Molyhil, which lies 220km east of Alice Springs in Australia, is wholly-owned by Thor Mining
Thor Mining has a diverse portfolio of assets in the US and Australia
Potter brings with him a wealth of experience in mining finance
Hawkstone Mining, the Big Sandy operator in which Thor holds 7.4mln shares, said it had intercepted high Lithium grades in a drilling programme at the site
A look back at some of this week’s news from the junior miners
A glance at some of the day's highlights from the Proactive Investors newswire
The exploration firm reported a "substantial" resource estimate of 114,000 tonnes of contained copper
Thor is currently seeking finance for the development of Molyhil
Archive
It was another busy week for London's small cap miners
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Thor has a diverse portfolio of assets in Australia and the US
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Thor owns a 1.075% stake in Hawkstone, which in turn owns 100% of the Big sandy lithium project in Arizona