Business
Pilot Mountain Update
Pilot Mountain Update.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1904G Thor Mining PLC 28 February 2018 \n\n28 February 2018\n \nTHOR MINING PLC\nPILOT MOUNTAIN TUNGSTEN PROJECT, NEVADA, USA\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR) is pleased to provide an update on commercialisation acceleration activities for the Pilot Mountain tungsten project in Nevada USA.\nHighlights\n· Scoping study commissioned to provide high level operating and development parameters\n· Commissioning of stage two metallurgical testwork to Pre-Feasibility standard\n· Program activities fully funded from existing cash reserves\n \nMr Mick Billing, Executive Chairman of Thor: \"Thor is taking significant steps towards commercialisation of the Company's Pilot Mountain project with its substantial tungsten resource.\nThe scoping study work is intended to provide high level development and operating parameters to continue with various regulatory and environmental reports necessary to maintain project momentum.\n\"Previous testwork has demonstrated successful production of a saleable tungsten concentrate; however the second stage work directed by internationally recognised tungsten metallurgical consultants BOMENCO, is aimed at improving upon this and also at producing a robust process flow sheet along with credible design parameters.\"\n\"The cash position of Thor remains very sound and these initiatives are fully funded. We remain confident that all budgeted activities, including these programs, will be covered from existing cash reserves well into 2019.\"\nTable 1: Pilot Mountain Resource Summary 2017 (JORC 2012) - announced 22 May 2017.\n\n\n\n\n\n\n\nResource \n\n\nWO3\n\n\nAg\n\n\nCu\n\n\n\n\n\n\n\n\n\n\nMT\n\n\nGrade %\n\n\nContained metal (t)\n\n\nGrade g/t\n\n\nContained metal (t)\n\n\nGrade %\n\n\nContained metal (t)\n\n\n\n\nGarnet\n\n\nIndicated\n\n\n\n\n\n-\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInferred\n\n\n1.83\n\n\n0.36\n\n\n6,590\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSub Total\n\n\n1.83\n\n\n0.36\n\n\n6,590\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDesert Scheelite\n\n\nIndicated\n\n\n8.41\n\n\n0.27\n\n\n22,700\n\n\n21.3\n\n\n179\n\n\n0.14\n\n\n11,800\n\n\n\n\n\n\n\nInferred\n\n\n1.49\n\n\n0.23\n\n\n3,430\n\n\n9.07\n\n\n13\n\n\n0.17\n\n\n2,500\...