The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce that the second hole in the diamond drilling program (21MHD002) intercepted scheelite, molybdenite and chalcopyrite mineralisation within a magnetite skarn, at the Molyhil tungsten-molybdenum-copper Project in the Northern Territory.
- 21MHDD002 intercepted over 45m of disseminated scheelite-molybdenite- chalcopyrite mineralisation in a massive magnetite-rich skarn
- Drilling confirms that the newly identified magnetic target to the south of the Molyhil deposit is a continuation (possibly offset) of the Molyhil deposit tungsten- molybdenum-copper mineralisation
- Based on the success of the second drillhole, a third hole is now underway, designed to target the projection of the 21MHDD002 mineralisation down plunge
MOLYHIL TUNGSTEN PROJECT
The Molyhil Project is located 220 kilometres north-east of Alice Springs in the Northern Territory. It has a known deposit of 11,800t of Tungsten, making it the largest known deposit of this strategic metal in Australia. In July 2020, the Northern Territory government announced that the Molyhil project had been awarded Major Project status.
A$8M Farm-in Funding Agreement to Accelerate Molyhil Project, Northern Territory
The Directors of Thor Mining (THR) are pleased to announce the funding agreement to accelerated exploration of the Molyhil and Bonya Tungsten Projects
Exploration Update (September 2022)
Maiden 2000m drilling program to commence in mid-September 2022 at the Wedding Bell and Radium Mountain Projects. Site preparation has commenced.
Over 45m of Tungsten-Molybdenum-Copper Mineralisation Intercepted at the Molyhil Project
The 2nd hole in the drilling program intercepted scheelite, molybdenite and chalcopyrite mineralisation within a magnetite skarn, at the Molyhil Project.