obviously from the traders/investors speaking through their...

obviously from the traders/investors speaking through their trades , what i anticipated has occured- the markets has said that the dfs wasn't the game changed to propel thor mining into the 3c+ region it was once this stock got jumped on from day traders/investors alike -

without wanting to act like a "i told you so type poster" im happy to say that my initial thoughts were well said when i said on numerous occassions that the spring hill gold deposit which we hold is the hidden gem in the thor treasure chest which could prove to be the silent game changer for thor mining with potential to really excite the market if it is able to prove into a considerable multi million ounce gold deposit -

as much as the molyhil deposit is what many people have jumped on in my opinion from previous months with a lot of talk about it being a very profitable mine, the dfs left many disallusioned as they had hoped for an overnight wealth generation system which it clearly was not. Instead the molyhil dfs moreso acted as a step closer to reinstating that molyhil has further to go, but is ticking of required boxes very nicely as it continues to progress through its achievement of becoming a tungsten mine with great opportunity to fill a looming tungsten supply/demand deficit in years to come

as aside note id mention that it is very comforting to know that the same man that was able to establish the 5mil oz callie gold deposit and bring it to production has come to thor mining after looking over the results that we had to date at our own spring hill deposit. One would have to assume that we culd infact have the motherlode below our historical 150m drilling to date because what else would hve enticed him to leave his respecteed company to come onboard with us ?? moreso positive news than bad imo -

sidenote- very pleased to hear that today's announcement shed more light on another million ounce deposit in close proximity to spring hill which i for one, like many others wouldn't have been aware of as I was only really of the perception that Callie was the success of the area with a major million + ounce gold resource - good to see that the cosmo howley gold deposit is yet another milestone in the area that proves that greater gold structures exist further down below the historical drilling we have dowo to 150m which makes up our 274,000oz Jorc Gold deposit at Spring Hill- Exciting times ahead as this little gold project proves that Thor Mining is not a one trick pony -

Most of us are aware of the 5million oz gold deposit with a lot of literature out there highlighting the success at the deposit, but below is some info on the cosmo howley deposit which is very interesting as we embark on a very significant ( company making) spring hill drilling program!

http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn580



Cosmo Howley ( Cosmopolitan Howley )

Deposit Description

The Cosmo Howley (previously Cosmopolitan Howley) gold deposit, which is located 160 km south of Darwin, lies within the Archaean to Palaeoproterozoic Pine Creek Inlier which covers an ENE elongated area of 400x150 km immediately to the south and east of Darwin in the Northern Territory, Australia.

The Pine Creek Inlier is composed of 2200-1870 Ma Palaeoproterozoic supracrustal meta-sediments and volcanics that are around 10-14 km thick, overlying Archaean crystalline basement exposed as three separate domal highs surrounded by the supracrustals. The sequence commences with the Namoona Group conglomerates, meta-arkose, gneiss, schist and dolomite, which were metamorphosed to amphibolite facies from 2100 to 2000 Ma, then overlain by further sediments, the Mount Partridge Group of principally fluviatile sandstone, dolomitic siltstone and mudstone. These were then unconformably followed by the South Alligator Group of carbonaceous mudstone, iron formation, greywacke and acid tuff which passed up into the greywackes and mudstone of the Finniss Group. All of these sequences were intruded by Zamu dolerite.

Following a break the sequence was subjected to deformation and greenschist metamorphism from 1870 Ma to produce a series of tight, non-cylindrical folds with considerable associated brittle deformation and extensive axial plane slaty cleavage in pelite. This was followed by intrusion of a number of pulses of granite from1820 to 1800 Ma

The Cosmo Howley deposit straddles the axis of the Howley Anticline, a regionally continuous 30 km long structure. In the mine area the fold axis plunges at 50° towards 325° with a well developed consistent slaty cleavage. Intense faulting, sometimes with associated brecciation, parallels the cleavage through the axial zone and east limb in zones from 1 to 10 m wide.

The principal units in the vicinity of the deposit are the Wildman Siltstone of the Mount Partridge Group and the Koolpin Formation and Gerowie Tuff of the East Alligator Group. The main host to mineralisation at Cosmo Howley is the Koolpin Formation, although other mineralisation occurs along the axis and limbs of the Howley Anticline in lithologies of the Gerowie Tuff (Fleur de Lys and Chinese Howley) and Wildman Siltstone (Big Howley) over an interval of more than 5 km.

The Koolpin Formation is divided into three members: 1). a 250 m thick Lower Member of carbonaceous and micaceous mudstone and siltstone, 2). a Middle Member which is up to 100 m thick and mainly composed of interbedded iron formation (10 to 15% Fe as oxide and sulphide), carbonaceous mudstone and mudstone, and 3). a 50 to 150 m thick Upper Member of carbonaceous mudstone. Significant gold ore is developed at a number of levels within the Middle Member, although substantial economic mineralisation is also found in ironstones and mudstone in both the Upper and Lower Members. 40% of the reserves are in the Lower Member.

Mineralisation takes the form of quartz veins that occur within 50 m of the non-carbonaceous footwall of carbonaceous slates. Although veins are found within the carbonaceous slate, and further than 50 m from the contact, these are generally barren. Except for the hydrofracture stockworks of the fold hinge, the mineralised veins are bedding concordant in hornfels and slates on the steeply dipping limbs of the anticline. The veins formed near the peak of contact metamorphism following intrusion of the Cullen Batholith to the south. Veins show crack-seal textures and are discontinuous, tapering at their extremities. Veins of <5 cm thickness generally have a length to thickness ratio of >10, while those that are thicker than 5 cm have a ratio of >50.

Gold is closely associated with sulphides (pyrite and arsenopyrite with traces of sphalerite and chalcopyrite - with pyrrhotite below 300 m), weathered to goethite, hematite and other limonites in the oxide zone. Fine pyrite follows cleavage and is disseminated in the iron formations (5 to 15%), mudstone (10%) and carbonaceous mudstones (5 to 30%), while thin 'beds' of fine arsenopytite are found in the iron formations. Later coarse pyrite occurs in shears and with coarse arsenopyrite in quartz veins. Most of the gold occurs in quartz veins, breccias and shears, with higher grades in BIF adjacent to discordant structures, and lesser in mudstones in similar structures.

The pre-mining reserve totalled:
Oxide ore - 1.6 Mt @ 1.7 g/t Au
Sulphide ore - 2.5 Mt @ 2.5 g/t Au
By 1989 the mining reserve had increased to: 6 Mt @ 2.54 g/t Au.
Historic production to 1989 had totalled 1.487 t Au. Total open pit production to 1994 was 7.7 Mt @ 2.3 g/t Au to a depth of 120 m.
The global resource, including underground ores was stated at 10 Mt @ 2.75 g/t Au in 1995.

http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn580