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TUNGSTEN EXPANSION DRILLING - SUPPLEMENTARY ADVICE
TUNGSTEN EXPANSION DRILLING - SUPPLEMENTARY ADVICE.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8968N Thor Mining PLC 14 August 2017 \n\n14 August 2017\n \nTHOR MINING PLC\nSUPPLEMENTARY ADVICE\n \nThe Directors of Thor Mining PLC advise that the following updated version of the announcement dated 10 August 2017 was today released on the Australian Securities Exchange (\"ASX\"). The updated announcement contains additional information concerning, inter alia, the determination of the copper equivalent grade stated in the original announcement and further information on the exploration targets identified in Table 2.\n \nTHOR MINING PLC\nTUNGSTEN EXPANSION DRILLING - PILOT MOUNTAIN, NEVADA USA\nSUPPLEMENTARY ADVICE\n \nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to advise the commencement of drilling in a campaign designed to expand the tungsten resource at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA (Figure 1).\nThe program comprises four reverse circulation (\"RC\") drill holes and two diamond (\"DD\") drill holes designed to confirm and expand upon existing high-grade drill intersections at the Good Hope deposit, and also further test for extensions of high grade mineralisation, intersected in the Desert Scheelite resource in 2012. The program follows drilling success and resource upgrade earlier in 2017. \n \nHighlights:\nGood Hope deposit - four RC holes each of up to 150 metres depth designed to confirm and extend high grade tungsten (WO₃), copper (Cu), and zinc (Zn) mineralisation, including 36.5 m @ 0.4% WO₃, 0.25% Cu, and 0.47% Zn\nDesert Scheelite deposit - two RC holes, each with a diamond core tail to test for extensions below high grade mineralisation previously intersected\nTungsten price uplift - a recent increase in the published APT tungsten price takes the cumulative increase for the year to 25%\n \nMr Mick Billing, Executive Chairman of Thor: \n\"The Pilot Mountain drilling program at Good Hope and Desert Scheelite demonstrates our strong belief that Pilot Mountain will become a very significant multi commodity deposit. We are particularly encouraged by the recent tungsten price improvement showing tightness in the market, during what is normally a period of seasonal weakness.\n\"The program is expected to cost no more than US$250,000 and is ...