28th July 2008
• Significant gold, copper, bismuth and tungsten results received from historic Hatches Creek Wolfram Field.
• Results of up to 7.24ppm Au and 13.3% W from rock chip and dump samples.
Thor Mining PLC (AIM/ASX: THR) is pleased to announce results from our Hatches Creek Project (EL22912 and EL23463) located around 160kms southeast of Tennant Creek in the Northern Territory.
Exciting results have been received from the 5 main groups of workings.
Significantly the average Tungsten grade returned from 174 samples of wolfram – quartz veins was 2.19%, with a strong Cu, Ag and Bi association with average results of 1.92%, 5.36ppm and 0.22% respectively. Details are set out in appendix 1.
In May a native title access meeting held at Hatches Creek Project approved a rock chip and mapping program, completed to assist with planning of the proposed
RC program. A total of 174 rock chip samples were taken over old workings and from abandoned stockpiles associated with the historic mining centre. Mineralised
reefs are present in groups. Mining here occurred from 1913 until 1957 and there are numerous reefs within 16 groups of lodes.
A strong gold association was noted at the Pioneer mine area with maximum gold results of up to 7.24ppm Au and an average of 0.92ppm Au. At Hit And Miss group a number of samples also returned favourable Molybdenum assays peaking at 1.98%.
Commenting on the results, Thor’s Chief Executive Officer, Mr John A. Young, said: “These exciting results have confirmed the prospectivity of this historic area
which has not been subject to modern exploration. Drilling targets have been identified and we look forward to starting drilling as soon as possible, subject to
availability of appropriate drilling equipment.”
Yours faithfully
THOR MINING PLC
John A Young
Chief Executive Officer
The information in this report that relates to exploration results, mineral resources or ore reserves is based on
information compiled by John Young, who is a Member of The Australasian Institute of Mining and Metallurgy. John
Young is a director of Thor Mining PLC. John Young has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. John Young consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
Significant Gold and Tungsten Results from Hatches Creek
Project
..
ends..
Nice results, very nice..
Looks like we have some Gold in the there hills..
TCG
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