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New drill results extend depth of gold mineralisation at
Thor’s Spring Hill Gold Project (NT)
Further assay results have now been received from the 2012 Spring Hill drill program
Thor Mining PLC’s (“Thor”) (AIM, ASX: THR) Spring Hill gold project south of Darwin in
Australia’s Northern Territory (figure 1).
Highlights include:
• SHDD008B 8.4m at 1.47 grams/tonne (g/t) gold (Au) from 189.5m
including: 0.5m at 5.45 g/t Au from 189.5m
and: 0.25m at 22.73 g/t Au from 193.0m
3.0m at 4.70g/t Au from 217.8m
including: 0.6m at 22.1 g/t Au from 219m
39.7m at 0.49 g/t Au from 326.2m
• SHDD010 7.0m at 2.34 g/t Au from 385m
including: 1.0m at 12.73 g/t Au from 387m
21.0m at 1.02 g/t Au from 397m
including: 3.0m at 4.08 g/t Au from 404m
and: 1.0m at 2.12 g/t Au from 417m
• Refer to Table 1 for the full report of significant intersections including estimated
true widths for assays received to date
The results for these two holes indicate depth extension in the order of 100m to the
gold mineralising system for the Hong Kong lode (figures 2 & 3). Resource estimation
modelling will follow final assays to determine the grade distribution within the lode.
Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said,
“This is an encouraging extension to the known mineralisation at Spring Hill. While
we do not have all the assays from the program and therefore cannot speculate on
any possible resource extensions, it is encouraging to confirm the extensions to the
mineralised system.”
Project Equity – Thor to increase to 51%
Expenditure at Spring Hill has exceeded the amount required for Thor to exercise its
option to increase its equity to 51%, and notice has been provided to joint venture
partner Western Desert Resources (WDR) which has commenced a verification
review of that expenditure.
Figure 1: Thor Mining PLC project locations
THOR MINING PLC
Registered Numbers:
United Kingdom 05 276 414
Australia 121 117 673
Registered Office:
Level 1
32 Richmond Road
KESWICK, SA, 5035
Australia
Ph: +61 8 7324 1935
Fx: +61 8 8351 5169
Email:
[email protected]
Website:
www.thormining.com
Enquiries:
Mick Billing
Executive Chairman
Thor Mining PLC
+61 8 7324 1935
Nominated Advisor
Gerry Beaney
Grant Thornton
+44 (0) 20 7383 5100
ASX Listings:
Shares: THR
AIM Listings:
Shares: THR
Directors:
Michael Billing
Michael Ashton
Gregory Durack
Trevor Ireland
David Thomas
Key Projects:
• Molyhil (NT)
Tungsten, Molybdenum
• Dundas (WA)
Gold
• Spring Hill (NT)
GoldASX Code: “THR”
17 September 2012
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Drilling of the initial six holes is now complete and all samples have been dispatched for assay. Final
assay results including the remaining assays for holes 9 through 12 are not expected until late
September. Logging of the core has not indicated further significant veining, however not all Spring
Hill mineralisation has a strong veining association.