Thor Mining Drills Wide Mineralised Intercept at Molyhil Project

THE DRILL SERGEANT: Thor Mining (ASX: THR) reported on recent drilling undertaken at the company’s Molyhil tungsten-molybdenum-copper project in the Northern Territory.

Thor Mining announced that the second hole in its current diamond drilling program (21MHD002) intercepted scheelite, molybdenite and chalcopyrite mineralisation within a magnetite skarn, at the Molyhil tungsten-molybdenum-copper project.

The company said that 21MHDD002 had intercepted over 45 metres of disseminated scheelite-molybdenite-chalcopyrite mineralisation in a massive magnetite-rich skarn.

Thor said the drilling has confirmed the recently identified magnetic target to the south of the Molyhil deposit to be a continuation (or possibly offset) of the Molyhil deposit tungsten-molybdenum-copper mineralisation.

Based on the results achieved by the second drillhole, a third hole is now underway, designed to target the projection of the 21MHDD002 mineralisation down plunge.

“Testing a new geological concept, in this case an interpreted magnetic target from 3D modelling to the south of existing mineralisation, has paid off significantly,” Thor Mining managing director Nicole Galloway Warland said in the company’s ASX announcement.

“The tungsten-molybdenum-copper mineralisation is open to the south and the third hole is designed to test this south plunging model.

“The extension of this mineralisation, directly south of the deposit, in a previously untested area, is pivotal to the overall Molyhil project.”