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Additional Information

Market:	ASX / AIM
Sector:	General Mining
EPIC:	THR
Latest Price:	0.02 (-5.00% )
52-week High:	0.08
52-week Low:	0.02
Market Cap:	4.23M

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Thor Mining Full Thor Mining profile here

Thor Mining (ASX: THR, AIM: THR) is a minerals exploration and development company focused on gold and base metals exploration along with progressing towards development of a tungsten and molybdenum project in the Northern Territory of Australia. They have a portfolio of properties in the Northern Territory of Australia, and in Western Australia.

In January 2011, the company agreed terms to acquire up to an 80% interest in this project. Spring Hill hosts an Indicated Resource of 274,000oz gold within 3.64Mt @ 2.34 grams per tonne (g/t) gold.

Thor Mining expects to update Molyhill resources in May 2009

Tuesday, May 05, 2009

Thor Mining PLC (ASX, AIM: THR) expects to publish a revised resource calculation of the Molyhil tungsten molybdenum project in Australia during May 2009, incorporating the results of the January 2009 reverse circulation drilling campaign at the property.

The capital reduction programme and investigation into the reduction of operating costs is ongoing and is expected to be completed in the next quarter with a revised feasibility study being published, the company said in an update for the quarter to end-March 2009.

No work was completed during the quarter at the Hatches Creek, Harts Range, Curtis Pound, Bundey River and Hale River projects.

Thor company closed the quarter with A$1.2 million cash reserves.

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