Further THR road shows in Europe?
Today I received the following text via European
THR newsletter :
*THOR MINING plc*
*Mr. John Young, managing director of Thor Mining plc, has asked us to send
this information on the Quarterly Report to you, as you have either
registered on the Thor website or attended one of the Thor Roadshow
briefings in Europe. This report was released to the Stock Exchange on Friday. *
*QUARTERLY REPORT - JUNE 2007 – opens with the following information:*
* *
*MOLYHIL TUNGSTEN-MOLYBDENUM PROJECT*
• Thor continued to focus on the development of its key asset the Molyhil
Tungsten Molybdenum Project with detailed layouts and requests for tenders
for equipment and long lead items being completed.
• Thor has now advanced negotiations for an off-take agreement with a number
of interested parties. We anticipate an agreement in principal will be reached during August/September.
• Final metallurgical work and concentrate specifications produced with
better than expected grades. Primary Molybdenum Concentrate assayed
51.4%Mo, with a recovery of
77.8%. The Primary Tungsten concentrate assayed 72.9% WO3, with a recovery
of 65.4%.
• The updated Molyhil resource estimate is due early August, following the
success of the reverse circulation drilling which identified extensions of
the mineralisation outside of the current mining reserve.
• A number of intersections received from the Yacht Club mineralised zone
returned grades in excess of 1% combined MoS2 and WO3, highlights as
follows;
*14m @ 3.40% Combined MoS**2 **+ WO**3 **from 9m*
*19m @ 2.96% Combined MoS**2 **+ WO**3 **from 53m*
*19m @ 1.79% Combined MoS**2 **+ WO**3 **from 34m*
*11m @ 1.00% Combined MoS**2 **+ WO**3 **from 29m*
*2m @ 3.08% Combined MoS**2 **+ WO**3 **from 22m*
*2m @ 1.26% Combined MoS**2 **+ WO**3 **from 39m*
*8m @ 1.13% Combined MoS**2 **+ WO**3 **from 46m*
* *
*URANIUM PROJECTS*
• Reconnaissance air core drilling at Hale River Uranium Project in
the Northern
Territory was completed during the quarter, with a total of 28 holes
completed for 1,829 metres of drilling. All samples have now been dispatched
with results expected shortly.
We have not attached the full quarterly report as it is a large file. You
can read other details on the company at the ASX web site and obtain the
full report by clicking on this link:
http://www.thormining.com/docs/downloads/07-07-26%20June%202007%20Quarterly%20Report.pdf
*FUTURE ROADSHOW INVITATION:*
We would be pleased to invite you to future THOR MINING luncheon briefing Roadshows in European capital cities, so do send us an email if you would like to be included on the invitation list.
The Roadshows are designed to provide an update on company activities and are without charge.
Please advise if you have any questions and we will seek response from the management on your behalf.
If you do not wish to receive any future information from Thor, please let
us know and we will remove you from the subscriber database.
Full update details are available from the Thor Website: www.thormining.com
Email for European investor news service: [email protected]
On behalf of
Thor Mining plc
55 Gower St.,
London. England.
Very important:
Further road shows will attract much more attention
to Thor Mining.
Thor will be presented by Mr. Young end of september (27.09) at the Gold Coast. Organized by JohnHope+Partners, who organized the road show in Europe this spring. Molyhil update in early August, offtake negotiations being finished in August/September,
presentation at 27.09. in Australia and during road shows in Europe (i don´t yet know when, I got the invitation to register).
This is a fine schedule, nothing to complain about
Uranium is the additional + , Molyhil reality.
Money was obviously needed to pay all the drilling + papers, thus the new shares. Nothing to complain about.
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