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Pilot Mountain initial gold finding clarification
Pilot Mountain initial gold finding clarification.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3158C Thor Mining PLC 14 June 2019 \n\n14 June 2019\n \nPILOT MOUNTAIN - SUCCESSFUL METALLURGICAL PROCESSING\nINITIAL FINDING OF GOLD IN THE PROCESS SAMPLE\nANNOUNCEMENT CLARIFICATION\n \nThe Board of Thor Mining Plc (\"Thor\") (AIM, ASX: THR) is pleased to provide some additional information in respect of the announcement on 10 June 2019. The release announced positive metallurgical testwork results from drill samples from the Desert Scheelite deposit at the 100% owned Pilot Mountain in Nevada USA.\nIn addition to this successful testwork, assays of both the head sample and the tailings following scheelite recovery showed potentially economic levels of gold in the sample. \nThe announcement of 10 June 2019 is reproduced below along with the addition of Pilot Mountain drill results announced by Black Fire Minerals (ASX: BFE) in February 2012 which are shown in Table C below and a JORC Code 2012 edition Table 1 report.\n \nHighlights\n· Production of a scheelite concentrate assaying over 68% WO₃ (tungsten trioxide);\n· Metallurgical recovery of 73.6%;\n· Gold assays of 0.29g/t in the initial feed, and 0.33g/t in the combined tailings.\n \nMick Billing, Executive Chairman, commented: \n\"This is a significant step forward for our 100% owned Pilot Mountain project.\" \n\"The locked cycle testwork has demonstrated production of a high grade scheelite concentrate with good recoveries\".\n\"We are following up the gold potential via extraction of sample pulps from previous testwork which will be re-assayed for gold\".\n\"Significant potential exists for further enhancements to this work which may improve project economic outcomes\".\n\" Tungsten remains classified as a critical mineral in the USA, with no domestic tungsten production\". \n\"We continue to have a principle focus on securing off-take and finance agreements for our flagship Molyhil project, and we will keep investors appraised of progress as appropriate. However our other projects, including Pilot Mountain, have significant value and we are committed to continuing to take these forward\".\nFurther Information\nLocked cycle metallurgical testwork has been conducted on 600Kg of drill core grading 0.265% WO₃ from the Desert Scheelite deposit at Pilot Mountain, by th...