Thor Mining provides Molyhill extension drilling update

Project highlights

• Two of three diamond drillholes completed in late 2021 intercepted disseminated scheelite-molybdenite-chalcopyrite mineralisation hosted in a massive magnetite skarn, validating a newly identified 3D magnetic target. The drilling demonstrates that tungsten-molybdenum-copper skarn mineralisation extends along strike, to the south of the Molyhil Resource.
• Assay results were lower than visible grade estimates and this resulted in the samples being resubmitted for analysis using two different analytical techniques, with further follow up using the coarse reject material.
• 21MHDD002:
  • 46 m at 0.06% tungsten trioxide (WO₃), 0.05% molybdenum (Mo) and 0.04% copper (Cu) from 249 m.
    • including 11 m at 0.05% WO₃, 0.13% Mo and 0.06 % Cu from 272 m.
• 21MHDD003:
  • 4 m at 0.13% WO3, 0.08% Mo and 0.06% Cu from 255 m.
• Analytical analyses of the tungsten and molybdenum is significantly impacted by the coarse nature of the scheelite crystals in half core, combined with the malleable nature of the molybdenite when pulverised; thus, sample size is critical to the representation of assay grades.
• Extrapolation of the 3D model along strike has identified further high-priority drill targets.

Nicole Galloway Warland, Managing Director of Thor Mining, commented: “Although we were disappointed by the assay results, the presence of a 46 m intersection of magnetite skarn and weakly disseminated tungsten-molybdenum-copper mineralisation is very encouraging. Exploring for this style of mineralisation is difficult without the presence of significant amounts of magnetite that can be easily defined in magnetic surveys. Other magnetic targets along strike show the potential for further mineralisation at Molyhil.”

Read the article online at: https://www.globalminingreview.com/exploration-development/28072022/thor-mining-provides-molyhill-extension-drilling-update/