Thor Mining has announced positive interim results from drilling at the Bonya tungsten deposits, adjacent Molyhil, in the Northern Territory of Australia.
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% : ARU 60%).
Interim results for three of the four targets are now available following portable x-ray fluorescence (XRF) determination:
• 27 metres @ 0.32% WO₃ from 71 metres, and 16 metres @ 0.43% Copper from 43 metres, from White Violet hole 19RC020
• 12 metres @ 0.70% WO₃ from 35 metres and 25 metres @ 0.42% WO₃ from 63 metres from White Violet hole 19RC021
• 29 metres @ 0.75% WO₃ from 81 metres, including 13 metres @ 1.43% WO₃ from 91 metres from White Violet hole 19RC022
• 2 metres @ 0.43% WO₃ from 16 metres from Tashkent hole 19RC001
• 2 metres @ 0.52% WO₃ from 31 metres from Jericho hole 19RC008
Mick Billing, Executive Chairman, says that these are very exciting interim results, particularly from the White Violet deposit, where results are substantially better than expectations.
“The inclusion of attractive copper interim assays from several holes also elevates the potential of the Bonya area in general, but White Violet especially,” said Mr Billing.
“We look forward to the interim results from the Samarkand drilling, and also to the full laboratory assays expected during May.”
The program comprised 2,184 metres of drilling by Reverse Circulation (RC) method on Samarkand, Jericho, White Violet, and Tashkent deposits, and 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 to the deposit.
It is anticipated that assay results will be available within four weeks.