The directors of Thor Mining Plc have announced that diamond drilling has commenced at the Molyhil tungsten-molybdenum Project, in the Northern Territory (NT).
Highlights
- 1000 m diamond programme has commenced at Molyhil tungsten-molybdenum copper Project, NT.
- Drilling to test a newly identified magnetic target adjacent to the Molyhil magnetite skarn, host to the tungsten-molybdenum-copper mineralisation.
- Thor Mining awarded AUS$110 000 from the Northern Territory government as part of the Resourcing the Territory, Geophysics and Drilling Collaborations (GDC) programme.
Nicole Galloway Warland, Managing Director of Thor Mining, commented: “We are excited to be starting this exploration drilling at our Molyhil Project in the Northern Territory, where we are testing a newly identified, large magnetic target adjacent to the known tungsten-molybdenum-copper mineralisation. The Molyhil resource is highly magnetic (high percentage of magnetite) and this newly identified target is interpreted to be an off-set of this mineralisation.
“The depth to target of only 270 m from surface and the location underneath the current pit design has the potential to be a game changer for the project.”