Business
Grant funding for Molyhil
Grant funding for Molyhil.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6971A\n Thor Mining PLC\n 03 June 2021\n \n \n \n \n 3 June 2021\n \n \n THOR MINING PLC\n \n \n \n \n \n NORTHERN TERRITORY GOVERNMENT FUNDING $110,000\n \n \n Molyhil Tungsten-Molybdenum Project, Northern Territory\n \n \n \n \n \n The directors of Thor Mining Plc (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the successful application of the Molyhil Project as part of Round 14 Geophysics and Drilling Collaborations (GDC) program.\n \n \n \n \n \n Project highlights:\n \n \n § \n Thor Mining awarded A$110,000 from the Northern Territory Government as part of the Resourcing the Territory, Geophysics and Drilling Collaborations (GDC) program, \n \n \n § \n Thor's Molyhil Project was one of eighteen successful projects to receive funding in Round 14 of the exploration initiative, \n \n \n § \n These funds will be applied towards drill testing recently identified magnetic targets adjacent to the mineralisation at Molyhil tungsten-molybdenum deposit,\n \n \n § \n Diamond drilling program to commence September Quarter 2021.\n \n \n \n \n \n Nicole Galloway Warland, Managing Director of Thor Mining, commented:\n \n \n \"This is another fabulous result for Thor and its shareholders. The successful grant is a strong validation by the Northern Territory Geological Survey of the prospectivity of the magnetic targets identified at Molyhil.\n \n \n We acknowledge and thank the Northern Territory Geological Survey and the NT Government for this positive exploration initiative.\n \n \n This is the third successful government grant Thor has received this year, towards co- funding of our upcoming 2021 drilling programs: three grants for three different projects in three different states.\n \n \n June will be a busy month with drilling commencing at Alford East Project, SA next week, followed shortly thereafter at our USA Uranium Project and Ragged Range gold Project. WA\" \n \n \n \n \n \n A copy of the Tenement and Prospect Location Plan may be viewed via the following link:\n \n \n \n https://www.thormining.com/sites/thormining/media/Maps/12-002-1b-molyhil-location.jpg\n \n \n \n \n \n \n \n \n \n \n \n \n The Geophysics and Drilling Collaborations (GDC) program is funded by the Resourcing the Territory initiative and aims to increase the ...