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QUARTERLY REPORT OCTOBER TO DECEMBER 2016
QUARTERLY REPORT OCTOBER TO DECEMBER 2016.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5267V Thor Mining PLC 31 January 2017 \n\n31 January 2017\n \n \nTHOR MINING PLC\n \nQUARTERLY REPORT OCTOBER TO DECEMBER 2016\n \nThe Directors of Thor Mining PLC (\"Thor Mining\", \"Thor\" or the \"Company\") (AIM, ASX: THR) the Australian tungsten and gold explorer and developer, today announces the quarterly report for the period ended 31 December 2016. It has also been released today with the Australian Securities Exchange (ASX) as required by the listing rules of ASX.\n \n\n\n\n\nHighlights\n\n\nOutlook for March Quarter 2017\n\n\n\n\nTUNGSTEN & MOLYBDENUM\n\n\n\n\n\n\n\nPilot Mountain, Nevada USA\n· Permitting approval received for drill programs at Garnet prospect and the eastern extension of Desert Scheelite.\n\n\n \n· RC drilling scheduled for early February 2017\n\n\n\n\nMolyhil NT Australia\n· Application made for an adjoining exploration tenement, following encouraging results from 2016 drilling.\n\n\n \n· Upon tenement grant, re-process magnetic data from geophysical survey prior to establishing drill targets.\n\n\n\n\nGOLD\nDundas WA Australia \n· Detailed planning for drill program to test gold anomalies \n\n\n \n \n· Drill program scheduled for June quarter\n\n\n\n\n \nCommenting, Mr Mick Billing, Executive Chairman of Thor Mining, said: \n \n\"The next few months should be very exciting for our investors as, in February, we commence with the Pilot Mountain drill program. This will be followed by the expected receipt of A$1.5million completing the sale of the Spring Hill gold project, and later the scheduled drill program at the Dundas gold project.\n\"I look forward to keeping our investors up to date with progress on these projects, along with our assessment of potential new projects, and am hopeful that the regular news flow from these activities will deliver positive outcomes for the Company and our investors.\"\n \nTUNGSTEN PROJECTS\n \nPILOT MOUNTAIN TUNGSTEN PROJECT - NEVADA USA (100% Thor)\n \nThor's Pilot Mountain Project, acquired in 2014, is located approximately 200 kilometres south of the city of Reno and 20 kilometres east of the town of Mina located on US Highway 95.\n&nb...