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TUNGSTEN COPPER AND ZINC INTERSECTED AT GOOD HOPE
TUNGSTEN COPPER AND ZINC INTERSECTED AT GOOD HOPE.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2580O Thor Mining PLC 17 August 2017 \n\n17 August 2017\n \nTHOR MINING PLC\n27 METRES OF TUNGSTEN COPPER AND ZINC INTERSECTED AT GOOD HOPE\nPILOT MOUNTAIN - NEVADA\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to advise very positive preliminary results over 27.4 metres (\"m\") from the first drill hole at the Good Hope deposit at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA.\nThe results have been derived using a portable XRF instrument, and should be considered preliminary and subject to confirmation in subsequent laboratory assay. Laboratory assays results may vary from those obtained from XRF.\nHighlights:\n· 27.4 m @ 1.1% copper (\"Cu\"), 1.3% zinc (\"Zn\") and 0.19% tungsten trioxide (\"WO3\") including 10.0m (true width estimate of 6.5m) from 17.5m depth @ 0.32% WO3.\n· Unexpected mineralisation from surface followed by 10m of higher tenor mineralisation from 17.5m broadly confirming expectation based upon historical drilling.\n· Visible oxidised copper minerals malachite and azurite along with fluorescing scheelite\n· Drillhole commenced with reverse circulation (\"RC\") but terminated @ 44m due to adverse drilling conditions and will be completed using diamond core drilling (\"DD\") when the DD rig finishes at the Desert Scheelite deposit.\n· Drilling continues at both Good Hope with RC, and with DD at Desert Scheelite\nMr Mick Billing, Executive Chairman of Thor: \n\"Very pleasing initial results from the first hole at Good Hope. While these XRF results are subject to laboratory assay, which may alter these results, this is very encouraging. \n\"Good grade mineralisation commencing at surface is always very good news, as is the intersection of higher grade material where historical results estimate they should extend.\n\"Recent improvements in metal prices, with tungsten up 29% this year, copper at US$6,500/tonne and Zinc above US$3,000/tonne are also particularly good signs.\"\nTable 1: Drill hole orientation summary\n\n\n\n\nHole ID\n\n\nEasting NAD83 zone 11\n\n\nNorthing NAD83 zone 11\n\n\nHole collar dip*\n\n\nHole collar Azimuth*\n\n\nFinal Depth (m)\n\n\n\n\n17GH-RC01\n\n\n423940\n\n\n42496...