Business
COMMENCEMENT OF DRILLING, PILOT MOUNTAIN - NEVADA
COMMENCEMENT OF DRILLING, PILOT MOUNTAIN - NEVADA.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1705Y Thor Mining PLC 01 March 2017 \n\n1 March 2017\n \nTHOR MINING PLC\n \nCOMMENCEMENT OF DRILLING, PILOT MOUNTAIN - NEVADA\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to advise the commencement of drilling in a campaign designed to expand the tungsten resource at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA.\nThe program of eight reverse circulation (\"RC\") drill holes is designed to confirm and expand upon existing high grade drill intersections, which the directors hope will facilitate a significant increase in the existing Pilot Mountain mineral resources, and also test for extensions of high grade mineralisation, intersected in the Desert Scheelite resource in 2012.\nHighlights:\n· Two holes target extension of the 2012 high grade Desert Scheelite intersection from 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· Six holes to validate selected 1970's Union Carbide Corporation drill intersections from the Garnet deposit (Figure 3 & 4);\n· Estimation of initial Garnet deposit mineral resource.\n· Potential extension of the existing Pilot Mountain JORC compliant resource of 6.79 million tonnes (Mt) @ 0.31% WO3 (Table 1)\n \nMr Mick Billing, Executive Chairman of Thor: \"We have dual objectives for the drilling programme at Pilot Mountain. The first of these is to add to the overall project resource inventory by twinning some historical holes at the Garnet deposit which, if successful, should allow the preparation of a mineral resource estimate for this deposit.\n\"The second & potentially very exciting objective is to test for potential extension of high grade mineralisation at the eastern end of the Desert Scheelite resource, which, if successful, could result in the re-classification of that deposit as a significant tungsten and copper deposit.\"\n\"The proposed significant infrastructure works signalled by the new US administration is likely to have a positive impact on demand for tungsten products, and with no current tungsten mining operations in the country, Pilot Moun...