Business
Tungsten Resource Increase at Pilot Mountain
Tungsten Resource Increase at Pilot Mountain.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 7378F Thor Mining PLC 22 May 2017 \n\n22 May 2017\n \nTHOR MINING PLC\n \nTUNGSTEN RESOURCE INCREASE OF 55% - PILOT MOUNTAIN , NEVADA USA\n \nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR) is pleased to announce a 55% tungsten resource inventory increase at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA, representing a maiden resource estimate for the Garnet prospect, and an increase in the resource estimate at Desert Scheelite.\nFollowing drilling in March this year, an inferred resource estimate for the Garnet deposit has been completed comprising 1.83 million tonnes (Mt) at an average grade of 0.36% WO3 (using cut-off grade of 1,000 ppm WO3). \nFurther, a re-evaluation of the Desert Scheelite deposit has resulted in an upgrading of the resource estimate to 9.9 million tonnes at an average grade of 0.26% WO₃, 19.39 gram/tonne Silver (Ag), and 0.14% copper (Cu) (using cut-off grade of 1,500 ppm WO3, previously 2,000ppm).\nThe total Pilot Mountain resource inventory now stands at 11.73 Million tonnes at 0.28% WO3 (Table 1).\nTable 1: Pilot Mountain Resource Summary 2017 (JORC 2012) - 100% owned by Thor Mining Plc\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\n\n\n\n\n \n\n\nSub Total\n\n\n9.90\n\n\n0.26\n\n\n26,130\n\n\n19.39\n\n\n192\n\n\n0.14\n\n\n14,300\n\n\n\n\nSummary\n\n\nIndicated\n\n\n8.41\n\n\n0.27\n\n\n22,690\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nInferred\n\n\n3.32\n\n\n0.30\n\n\n10,020\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPilot Mountain Total\n\n\n11.73\n\n\n0.28\n\n...