logo-loader

Thor Mining soars on drill results from Bonya deposit

Published: 21:24 08 Jan 2020 AEDT

Thor Mining PLC -

Assays from recent drilling at the Bonya tungsten and copper deposit in Australia have further underlined its potential according to Thor Mining PLC (LON:THR).

Thor (40%) is the operator of a joint venture with Arafura (60%) and is drilling to establish Bonya as a source of ore to extend the life of its nearby Molyhil project.

Latest holes to be drilled showed best results of a 23m intersection at a grade of 0.58% WO3 (tungsten) from the surface at White Violet and a 9m copper band at Samarkand.

Holes at both deposits also intersected grades above 2% tungsten over small widths at depths below 40m.

Mick Billing, Thor’s executive chairman, said: "The Bonya tungsten deposits are delivering robust results which, we believe can add significantly to the economic life and commercial outcomes of the nearby proposed Molyhil project."

There are other prospects to be tested said Billing but White Violet (tungsten), Samarkand (tungsten/copper) and the copper deposit at Bonya will be the focus.

Shares rose 21% to 0.47p.

.

Thor Energy confirms “rich vanadium endowment” at Wedding Bell, Radium...

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) managing director Nicole Galloway Warland sits down with Proactive after the company posted high-grade uranium and vanadium hits from its Wedding Bell and Radium Mountain projects in Colorado. Galloway Warland says vanadium pentoxide results of up...

4 weeks ago