Business
DRILLING COMPLETION & PRELIMINARY OBSERVATIONS
DRILLING COMPLETION & PRELIMINARY OBSERVATIONS.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5527Z Thor Mining PLC 15 March 2017 \n\n15 March 2017\n \nTHOR MINING PLC\nDRILLING COMPLETION & PRELIMINARY OBSERVATIONS\n PILOT MOUNTAIN - NEVADA\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to advise the successful completion of the first round of drilling at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA.\nHighlights:\n· 51 metres of scheelite bearing skarn including 9 metres with visible sulphide mineralisation (including chalcopyrite) intersected 25 metres to the east and approximately 50 metres closer to surface from high grade Desert Scheelite intersection from the 2012 high grade intersection at DSDD015 (17.5m @ 5.7% Cu equivalent);\n· Third hole at Desert Scheelite intersected 15 metres of mineralised skarn from 124.7m (down hole length), aligning with results from the 2012 drill program;\n· Six holes completed at Garnet with better than expected results including 19.0 metres(m) from 75.5m in 17GR-RC05 not previously recorded;\n· Confirmation of metal grades within the reported mineralised skarn intersections will be determined via laboratory assays and announced within four weeks;\n \nMr Mick Billing, Executive Chairman of Thor: \"Subject to the receipt of assays, the Pilot Mountain drilling program has substantially exceeded expectations. The third Desert Scheelite drill hole has demonstrated continuation of mineralisation for a total of 50 metres to the east of DSDD015, drilled in 2012. The 15 metres of mineralised skarn from the third hole is consistent with our expectations and highlights the strong potential for continued extension of Desert Scheelite to the east and at depth. Planning for a follow up drill program at Desert Scheelite has commenced.\"\n\"The Garnet prospect drilling has shown remarkable consistency with the historic data which bodes well for a near term maiden resource for the deposit. The unexpected additional scheelite mineralisation discovered in Hole 17GR-RC05 at the Garnet prospect asserts the robust potential of this project\".\nThe Desert Scheelite deposit currently comprises 100% of the Pilot Mountain Resource estimate of 6.7Mt. The objective of the two holes programmed at this deposit is to test for ...