Proactive Investors - Run By Investors For Investors

Arafura Resources and Thor Mining confirm extensive tungsten mineralisation at Samarkand

Samarkand is one of 13 known tungsten deposits within the Bonya project in the Northern Territory.
Drilling is expected to commence this month

Arafura Resources Ltd (ASX:ARU) and joint venture partner Thor Mining (ASX:THR) have confirmed extensive tungsten mineralisation from the first stage of exploration at the Samarkand deposit, one of 13 known tungsten deposits within the Bonya project in the Northern Territory.

The Bonya tenement is jointly held by Arafura (60%) and Thor (40%) and is adjacent to Thor’s Molyhil mine project.

Samarkand channel sample location plan

Samples collected via a systematic sampling program in December 2018 from trenches returned results including:

• Trench 1: 7 metres at 0.667% tungsten trioxide and 3 metres at 0.307% tungsten trioxide;
• Trench 2: 3 metres at 0.271% tungsten trioxide; and
• Trench 3: 3 metres at 0.203% tungsten trioxide.

Notably, the Samarkand deposit outcrops at surface extending more than 500 metres and is open-ended.

Traditional owner and regulatory clearance for a drill program at Bonya are in progress, and drilling is expected to commence this month.

READ: Arafura Resources reveals maiden copper resource at Bonya

Thor executive chairman Mick Billing said: “We now have confirmed tangible evidence of extensive surface outcropping tungsten mineralisation at Bonya, including mineralisation extending in excess of 500 metres of strike at Samarkand.

“Current indications are that Bonya tungsten mineralisation is coarse grained and may be amenable to low cost pre-concentration by x-ray ore sorting and treatment at the Molyhil processing plant.”

View full ARU profile View Profile

Arafura Resources Ltd Timeline

Related Articles

March 21 2019
W Resources is about to make a name for itself as a serious European-based supplier of tungsten
Citronen camp in Greenland
April 03 2019
Its Citronen project is in Greenland while its Captains Flat JV with Glencore is in NSW.
Supersaturated brine flows from the Long Canyon No 2 well to the cuttings pit
The company has a $1.65 million commitment from a strategic investor and is rattling the tin for a further $1.35 million.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use