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Thor Mining says Gold assays up 50%+ at Spring Hill

By BFN News | 07:54 AM | Thursday 23 January, 2014


Thor Mining said it has achieved more than a 50% increase in gold grades after higher level assay testing was undertaken on ore samples from its Spring Hill gold project in Australia's Northern Territory. "These additional results are very significant with the upgraded values spread across all four zones of the Spring Hill resource rather than one particular zone and If this trend can be confirmed, then a substantial uplift in the value of the total Spring Hill resource is probable," said executive chairman Mick Billing. Thor completed a resource enhancement Reverse Circulation drilling program at Spring Hill during 2013, and during late December and early January this year, undertook a series of screen fire assays following-on from the conventional gold assay testing the results of which were announced in December 2013 and January 2014. Over the full 34 samples submitted in the latest batch for screen fire assaying, the upgrade averaged 57% more gold. The samples were selected from conventional fire assay results below 2.0 grams/tonne (g/t). The first batch for screen fire assaying had been from samples above 2.0 g/t Au. These new results announced today represent an additional and significant upgrade to the values already reported from the 2013 Spring Hill drilling. Story provided by StockMarketWire.com

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