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Thor Mining reports success at Good Hope

By BFN News | 09:32 AM | Thursday 17 August, 2017


Thor Mining has reported positive preliminary results over 27.4 metres from the first drill hole at the Good Hope deposit at the company's wholly owned Pilot Mountain tungsten project in Nevada. The results have been derived using a portable XRF instrument, and should be considered preliminary and subject to confirmation in subsequent laboratory assay. Mick Billing, executive chairman of Thor, said: "Very pleasing initial results from the first hole at Good Hope. While these XRF results are subject to laboratory assay, which may alter these results, this is very encouraging. "Good grade mineralisation commencing at surface is always very good news, as is the intersection of higher grade material where historical results estimate they should extend. "Recent improvements in metal prices, with tungsten up 29% this year, copper at US$6,500/tonne and Zinc above US$3,000/tonne are also particularly good signs." At 9:32am: (LON:THR) Thor Mining PLC share price was +0.15p at 1.1p Story provided by StockMarketWire.com

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