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Thor reports positive tests at gold project in Australia

By BFN News | 09:50 AM | Monday 08 July, 2013


Thor Mining has had positive results from initial ore sorting test work on near surface oxide ore from the Spring Hill gold project south of Darwin in Australia's Northern Territory. Spring Hill gold mineralisation is vein hosted and the positive results, using X-ray scanning, demonstrate "proof of concept" that gold bearing material can be identified and segregated. Further testing on a larger sample is scheduled in South Africa which will allow Thor to better predict commercial outcomes. Commenting, Mick Billing, Executive Chairman of Thor Mining, said: "This is a potentially exciting enhancement for the Spring Hill project. Ore sorting is also commercially used in tungsten processing and a similar scale test on Molyhil material is also in process in South Africa. "We eagerly await the outcome of that testwork, as it also has potential to reduce both capital and operating costs for Molyhil." At 9:50am: (LON:THR) share price was +0.01p at 0.28p Story provided by StockMarketWire.com

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