Thor Mining and Arafura Resources’ final follow up laboratory assay results from the Bonya RC drill program confirm previously reported interim portable XRF results.
|Thor’s Bonya tungsten outcrop|
A total of eleven holes were drilled at the Bonya project White Violet deposit – adjacent to Thor’s 100 per cent-owned Molyhil project in the Northern Territory of Australia; and a further eight holes at Samarkand to complete the program with 1,386 metres drilled in total.
Highlights from White Violet include:
• 23m @ 0.58% WO3 from surface, including 6m at 1.7% WO3 from surface; hole 19RC035
• 8m @ 0.74% WO3 from 65m, including 2m at 2.48% WO3 from 69m; hole 19RC037
• 1m @ 0.70% WO3 from 42m; and 1m at 2.32% WO3 from 50m; hole 19RC042
• 3m @ 1.02% WO3 from 22m, including 1m at 2.64% WO3 from 22m; hole 19RC039
• Highlights from Samarkand include;
• 1m @ 0.79% WO3 from 12m; hole 19RC044
• 7m @ 0.28% WO3 from 43m, and 9m @ 1.1% Cu from 45m, plus 2m @ 2.17% WO3 and 0.78% Cu from 78m; hole 19RC046
• 1m @ 2.07% WO3 from 18m; hole 19RC048
An independent resource geologist has been engaged with the objective of preparing mineral resource estimates for both deposits.
Mick Billing, Executive Chairman of Thor Mining, commented said the Bonya tungsten deposits were delivering robust results which can add significantly to the economic life and commercial outcomes of the nearby proposed Molyhil project.
“The Bonya project hosts additional tungsten and copper deposits, and these will be tested in due course, however, our initial focus is likely to remain with the White Violet tungsten deposit, the Samarkand tungsten/copper deposit, and the Bonya copper deposit. It is hoped that these can extend the Molyhil project life of mine towards 10 years,” added Mr Billing.
“Assays from this latest drilling campaign confirms the potential at both White Violet and Samarkand to host tungsten mineral resources. We look forward to delivering the outcome of the resource estimation work in due course,” said Gavin Lockyer, Managing Director of Arafura Resources.
The project is held in joint venture between Arafura (60 per cent) and Thor (40 per cent) with Thor acting as manager, and each party contributing to the cost according to their equity.