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Thor Mining granted funding for Molyhill

Published by , Editor
Global Mining Review,

The directors of Thor Mining Plc have announced the successful application of the Molyhil Project as part of Round 14 Geophysics and Drilling Collaborations (GDC) programme.

Project highlights

  • Thor Mining awarded AUS$110,000 from the Northern Territory (NT) Government as part of the Resourcing the Territory (GDC) programme.
  • Thor's Molyhil Project was one of 18 successful projects to receive funding in Round 14 of the exploration initiative.
  • These funds will be applied towards drill testing recently identified magnetic targets adjacent to the mineralisation at Molyhil tungsten-molybdenum deposit.
  • Diamond drilling programme to commence September quarter 2021.

Nicole Galloway Warland, Managing Director of Thor Mining, commented: "This is another fabulous result for Thor and its shareholders. The successful grant is a strong validation by the Northern Territory Geological Survey of the prospectivity of the magnetic targets identified at Molyhil.

“We acknowledge and thank the Northern Territory Geological Survey and the NT Government for this positive exploration initiative.

“This is the third successful government grant Thor has received this year, towards co- funding of our upcoming 2021 drilling programmes: three grants for three different projects in three different states.

“June will be a busy month with drilling commencing at Alford East Project, SA next week, followed shortly thereafter at our USA Uranium Project and Ragged Range gold Project, Western Australia."

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Australian mining news Gold mining news