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NEW DRILL PROGRAMME AT PILOT MOUNTAIN
NEW DRILL PROGRAMME AT PILOT MOUNTAIN.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9440R Thor Mining PLC 15 December 2016 \n\n15 December 2016\n \n \nTHOR MINING PLC\n \nNEW DRILL PROGRAMME TO WIDEN TUNGSTEN RESOURCE AT\nPILOT MOUNTAIN - NEVADA\n \nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to announce a new drill campaign designed to expand the tungsten resource at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA.\nScheduled to commence early in February 2017, using the proceeds of the final Spring Hill settlement, the 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 resources, and also test for extensions of very 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 which comprised; 13.9 metres (m) @ 0.89% tungsten trioxide (WO3) from 198m, and 17.5m @1.8% copper and 2.2% zinc from 196m;\n· Six holes to validate selected 1970's Union Carbide Corporation drill intersections from the Garnet deposit;\n· Estimation of initial Garnet deposit resource.\n· Potential extension of the Pilot Mountain 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 very high grade mineralisation at the eastern end of the Desert Scheelite resource, which, if successful, could result in the re-classification of that deposit to a significant copper and tungsten deposit.\"\n \nThe Desert Scheelite deposit currently comprises 100% of the Pilot Mountain Resource estimate of 6.7Mt. The...