Thor Mining completes exploration drilling program near Molyhil tungsten deposit

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Thor Mining has announced the completion and the preliminary findings of the exploration drilling program designed to test for additional tungsten mineralisation satellite to the its existing Molyhil tungsten deposit in the Northern Territory.

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The program comprised 65 short holes up to 18m in depth, drilled to sample bedrock shallow alluvium in five target areas including Cattle Track, Gap Track, Think Big, Solar Farm and Stock Yard.

It commenced with air-core drilling but reverted to RAB (rotary air blast) after 31 holes due to difficulty penetrating boulders in transported alluvium.

Thor Mining said the drilling program delivered the following highlights:

  • Traces of tungsten (37 & 30 parts per million) were recorded by in site XRF analyses from two holes (16MAC013 & 16MAC014) at Cattle Track immediately to the northwest of the existing Molyhil resource.
  • Broad zones of magnetite skarn similar to the Molyhil deposit host rock where intersected at both Think Big and Gap Track
  • Continuous magnetite skarn was intersected at Think big in hole 16MRAB056 for 18 metres into bedrock. Preliminary XRF analyses included 6m at 11% iron and 1.2% titanium from 1.5m depth and 7.5 at 9% iron and 1.2% titanium from 10.5m.

Commenting on the drilling program, Thor Mining’s Executive Chairman, Mr Mick Billing said:

“This program consisted of very shallow and very broadly spaced drilling, and we are delighted with the outcome,” Mr Billing said, adding that none of the sample analyses will be used for resource estimation.

“The immediate next steps will be to schedule additional shallow, but more closely space, drilling on the Cattle Track targets to the north east of the Molyhil resource. While the tungsten values are low, these particular holes penetrated no more than 4 metres below surface and into near surface bedrock. Further follow up work on the Gap Track and Think Big targets is also warranted.”