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High Grade Molyhil bulk sample assay results
High Grade Molyhil bulk sample assay results.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3510B Thor Mining PLC 06 June 2019 \n\n6 June 2019\n \nHIGH GRADE MOLYHIL BULK SAMPLE ASSAY RESULTS \n \nThe Board of Thor Mining Plc (\"Thor\") (AIM, ASX: THR) is pleased to announce positive assay results from metallurgical bulk sample drilling at the company's wholly owned Molyhil tungsten molybdenum deposit, in the Northern Territory of Australia.\nTwo PQ (85mm) diamond drill holes were drilled down plunge of the Yacht Club lode to obtain material for production of tungsten and molybdenum concentrate samples for prospective project offtake partners. \n \nHighlight\n· 92.6 metres @ 1.0% WO₃ (tungsten trioxide), 0.16% Mo (molybdenum) and 0.13% Cu (copper) from surface, including 2.2 metres of unmineralised granite from 11.5m;\n \nOnly one of the two holes have been assayed with the other to be kept in storage. The holes will not contribute to the mineral resource estimate.\n \nMick Billing, Executive Chairman, commented: \n\"This bulk sample assay result is very encouraging for the Molyhil project.\" \n\"It is rewarding to see confirmation of extensive high-grade scheelite mineralisation along with expected grades of molybdenum. It is also very pleasing to see the copper mineralisation at potentially economic levels\".\n\"While the hole design was for the purpose of collecting material most likely to produce sufficient concentrate, rather than for resource purposes, the high-grade nature of the scheelite mineralisation provides further substantial confidence in the Molyhil deposit\" \n\"Additionally, copper, while part of historic mineral resource estimates at Molyhil, has not been included in the resource estimate for some time, however recent testwork has shown encouraging results for production of a separate saleable concentrate. While this work has implications for potential production from the nearby Bonya deposits, it is expected to also apply to any copper mineralisation extracted at Molyhil\"\n\"Since acquiring the Bonya properties, ongoing studies on the combined Molyhil-Bonya project have identified the copper potential of Bonya and its potential suitability for processing at Molyhil (news releases 26 November2018 and 7 May 2019). This has led to the reappraisal of the copper potential at Molyhil itself. Although copper was part of t...