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(Alliance News) - Thor Mining Ltd on Tuesday said investee Hawkstone Mining Ltd has received further good drilling results from Arizona's Big Sandy deposit.
Hawkstone has got the results from eight holes of its 37-hole phase two drilling programme at the lithium-clay project, with the last three holes reportedly in progress.
Hawkstone Managing Director Paul Lloyd said: "Hawkstone's Big Sandy project has continually delivered exceptional results as the company has successfully progressed through the 37-hole diamond drill program.
"High grade intercepts have continued, and the assay results from these latest four diamond drill holes further demonstrate the significant potential of the Big Sandy project. The Hawkstone board looks forward to updating the market regarding assay results from the final three diamond drill holes before progressing to its maiden JORC resource in late September."
Thor owns 7.4 million Hawkstone shares, worth 1.1% of the Sydney-listed company.