SYDNEY: The Board of Thor Mining Plc has announced that drilling at the Bonya tungsten deposits adjacent Molyhil, in the Northern Territory of Australia, has commenced.
The Bonya project is held in joint venture with Arafura Resources Limited, with both parties contributing to the cost of the program in proportion to their project equity (Thor 40% : Arafura 60%).
Mick Billing, Executive Chairman, commented: “We are very hopeful of positive results from our 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.
“We hope to be able to provide regular updates of progress, including provisional XRF analysis, during the program.
“Despite the licence area being part of a known tungsten “province”, it has had no tungsten drilling since the 1970’s, and we are very excited at the commencement of this program, and the potential it brings”.
The program will comprise in the order of 2,500 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 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_ad id=”31605″]