Thor Mining has been cleared by the Aboriginal Areas Protection Authority (AAPA) to commence drilling at the Bonya tungsten deposits adjacent Molyhil, in the Northern Territory of Australia.
|Location of the Molyhil and Bonya deposits|
AAPA granted clearance for exploration work on five Bonya targets – Samarkand, Jericho, White Violet, and Tashkent – with drilling now expected to commence early April 2019.
Mick Billing, Executive Chairman was extremely pleased with the news.
“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,” said Mr Billing.
AAPA has now issued the Authority Certificate clearing the way for exploration activities on the Bonya Project Exploration Licence EL29701. Pending re-establishment of access following substantial rain brought about by ex-Tropical Cyclone Trevor, planned exploration activities includes the drilling and additional trench sampling programs to advance the first five of 13 outcropping tungsten deposits at Samarkand, White Violet, Jericho, Tashkent, and Marrakesh.
The program will comprise in the order of 2,500 metres of drilling by Reverse Circulation (RC) method in addition to 200 metres of trench sampling across the outcropping deposits. It is anticipated that the program will be completed within two weeks of commencement with provisional XRF results to follow and 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)