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51 METRES OF MINERALISATION INTERSECTED
51 METRES OF MINERALISATION INTERSECTED.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6798Y Thor Mining PLC 07 March 2017 \n\n7 March 2017\n \nTHOR MINING PLC\n51 METRES OF MINERALISATION INTERSECTED\n PILOT MOUNTAIN - NEVADA\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to advise the intersection of 51 metres of mineralisation from the second drill hole designed to test for extensions to the Desert Scheelite deposit at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA.\nHighlights:\n· 51 metres of scheelite mineralisation, including 9 metres of visible sulphide mineralisation, including visible chalcopyrite, intersected 25 metres to the east and approximately 50 metres closer to surface from high grade Desert Scheelite intersection from DSDD015;\n· Drill hole designed to follow up the 2012 high grade intersection at DSDD015 (17.5m @ 5.7% Cu equivalent) which comprised; 13.9 metres (m) @ 0.89% tungsten trioxide (WO3) from 198m, and 17.5m @1.80% copper and 2.2% zinc from 196m (Figure 2);\n· Drill hole sample assays expected within several weeks;\n· Following this very encouraging result, a previously unplanned third hold hole has commenced targeting a further 25 metre extension of the Desert Scheelite deposit;\n· The first hole at Desert Scheelite terminated without intersecting any visible mineralisation, due to what appears to be a fault displacement above the targeted zone of mineralisation.\n \nMr Mick Billing, Executive Chairman of Thor: \"The objective of testing for potential extension of high grade mineralisation at the eastern end of the Desert Scheelite resource appears to have achieved that aim. While we await assays to have an indication of the grade of mineralisation, and estimation of the true thickness, extension of the zone with an apparent thickening, is an exciting development for the project.\"\n\"While the initial planning for this program at Desert Scheelite included plans for only two holes, we are sufficiently encouraged by this result to immediately conduct a third drill hole to test for further extensions\".\n \nThe Desert Scheelite deposit currently comprises 100% of the Pilot Mountain Resource estimate of 6.7Mt. The objective of the two holes p...