News

51 m of mineralisation intersected at Pilot Mountain – Nevada

Posted on 14 Mar 2017

Thor Mining Plc advises that the intersection of 51 m of mineralisation from the second drill hole designed to test for extensions to the Desert Scheelite deposit at the Company’s wholly owned Pilot Mountain tungsten project in Nevada, USA.

  • 51 m of scheelite mineralisation including 9 m of visible sulphide mineralisation, including visible chalcopyrite, intersected 25 m to the east and approximately 50 m closer to surface from high grade Desert Scheelite intersection from DSDD015
  • Drill hole designed to follow up the 2012 high grade intersection at DSDD015 (17.5m @ 5.7% Cu equivalent) which comprised; 13.9 m @ 0.89% WO3 from 198m, and 17.5m @1.80% Cu and 2.2% Zn from 196m
  • Drill hole sample assays expected within several weeks
  • Following this much better than expected result, a previously unplanned third hold hole has commenced targeting a further 25 m extension of the Desert Scheelite deposit
  • The first hole at Desert Scheelite terminated without intersecting any visible mineralisation, due to what appears to be a fault displacement above the targeted zone of mineralisation.

Mick Billing, Executive Chairman of Thor: “The objective of testing for potential extension of high grade mineralisation at the eastern end of the Desert Scheelite resource appears to have achieved, and exceeded that aim. While we await assays to have an indication of the grade of mineralisation, and estimation of the true thickness, extension of the zone by 25 m with such an apparent thickening, is a very exciting development for the project.

“While the initial planning for this program at Desert Scheelite included plans for only two holes, we are sufficiently encouraged by this result to immediately conduct a third drill hole to test for further extensions”.