Thor Mining has commenced drilling at its Bonya tungsten deposits adjacent to Molyhil in the Northern Territory of Australia.
|Thor's Bonya tungsten outcrop resized|
The Reverse Circulation (RC) drilling program of almost 2,500metres is expected to take approximately two weeks, with updates expected on drilling progress, preliminary on-site XRF analysis, followed by formal laboratory assays.
According to a company statement, targets scheduled for drill testing comprise Samarkand, Jericho, White Violet, and Tashkent deposits, with each deposit containg outcropping tungsten at surface, ensuring the drilling is into, or below, previously known mineralisation.
Mick Billing, Executive Chairman is very hopeful of positive results from Thor’s first drilling and costeaning program on the Bonya tungsten deposits.
“The 13 outcropping tungsten deposits at Bonya, several of which have historical mine workings, have the potential to add considerably to the life, scale, and economic outcomes of the Company’s flagship Molyhil project nearby,” commented Mr Billing.
“Despite the licence area being part of a known tungsten ‘province’, it has had no tungsten drilling since the 1970s, and we are very excited at the commencement of this program, and the potential it brings.”
The program will also comprise in the order of approximately 200 metres of trench sampling across each of the Marrakesh and Tashkent deposits.
The Jericho deposit, in particular, has been mined historically, with a surface stockpile estimated at several hundred tonnes of scheelite ore at surface adjacent the deposit.
It is anticipated that the program will be completed within two weeks of commencement with progressive provisional XRF results, followed laboratory assay results after a further four weeks.
The Bonya project is held in joint venture with Arafura Resources, with both parties contributing to the cost of the program in proportion to their project equity (THR 40 per cent : ARU 60 per cent).