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Thor Mining gives quarterly activities report

By BFN News | 08:53 AM | Thursday 31 July, 2014


Thor Mining executive chairman Mick Billing said the company's tungsten business made significant steps forward during the June quarter. The upgraded Open Pit Ore Reserve statement for Molyhil potentially sets up the project for a much improved financial outcome in an upgraded DFS due shortly, and is the last significant step before securing project finance, he said. "The announced acquisition of the Pilot Mountain project in the USA (subject to necessary approvals and completion) adds significantly to the Thor portfolio. "The combined resource inventory, following this acquisition, of >30,000 tonnes tungsten, plus significant upside via drilling known nearby tungsten deposits, would potentially position Thor towards the top end of non-Chinese tungsten miners." At 8:53am: (LON:THR) Thor Mining PLC share price was 0p at 0.11p Story provided by StockMarketWire.com

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