Does anyone know if any physical gold has been mined since the60% sale to PC GOLD PTY and what is the contingency plan should the bal for 100% i.e. $A1.5M payable end feb17,not materialise !! Also of interest why should both the purchasers and the holding co. T M GOLD. PTY WHICH THEYAREBUYING FROM THOR ,neither have any key executives recorded !! Trust there is no need for alarm here, perhaps Mr Billing could let his shareholders know exactly who he is dealing with ??
Exploration programmes planned to move the Company forward
In 2017 Thor Mining is expecting to commence its first drill programme at the Pilot Mountain Tungsten Project in February 2017 with a focus on extending the high-grade copper-zinc-silver-tungsten mineralisation. A follow up drill programme is planned for 2017.
At the Molyhil Tungsten Project, Thor will continue to explore alternatives for increasing the size of the resource and mine life.
At the Dundas Gold Project, an air core drill programme is scheduled for the first half of 2017 to test previously defined gold anomalies.
The Company also expects to receive the A$1.5m from the sale of the Spring Hill Gold Project.
Thor continues to assess a range of opportunities in mainstream commodities including tungsten.
NORTHLAND CAPITAL PARTNERS VIEW: Thor Mining has announced its 2017 exploration programme for a number of its projects as the Company seeks to make strides forward during the course of the year. Thor is expecting to receive A$1.5m from the sale of the Spring Hill Gold Project this year, which will be used towards funding the exploration programme in 2017
With the anticipated receipt of A$1.5million consideration payment from the sale of the Company's residual 40% interest in the Spring Hill gold project, due at the end of February 2017, the Company anticipates accelerating project field exploration activity, along with continued detailed assessment of a number of attractive new projects.� Both streams of activity shall focus upon delivering value to investors in the short and medium term time frames. Pilot Mountain; Tungsten - first drill program scheduled for February 2017 is to focus upon both extending high grade copper-zinc-silver-tungsten mineralisation (17.5m @ 5.7% Cu equivalent), to complement the existing resource and to confirm historical mineralisation drilled during the 1970s.� Following the completion of this program, additional follow up drilling is expected to be scheduled later in 2017. Dundas; Gold - drilling program scheduled for the first half of 2017 to test previously identified gold anomalies.
Spring Hill royalty; Gold - upon the expected completion of the sale of the Spring Hill project, the value of the royalty stream becomes more tangible. As the project moves towards production, the Board will explore all alternatives for early monetisation of this potentially quite valuable asset.
New projects - the Company continues to assess a range of opportunities for mainstream commodities as well as in tungsten, including those with potential for near term development.Some of these have potential to enhance the existing business, while others are new ventures.
What's not to like Pilot mountain has world class potential, Dundas a forgotten gem & recent update highlights Gold & Copper assets under assessment.Very good podcast yesterday, very undervalued has news on the way drill in Feb plus $1.4mil payment due soon.
its not being overlooked,it's just waiting for a bit of volume to kick in,to gain attention . anyway,it all depends on what the tungsten and copper drills uncover,both have extremely high grades,but we have no idea how big or small the ore bodies are..atm.
ime only in for the drill results m8,aim explos are notoriously spikey,then retrace soon after woulds. so its very risky going long term,unless your brave, money??thats just how it works m8,a down payment,then the rest,later..gl
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