Guardian Stockbrokers snapshot 1/111 Nov 2017 09:52
"Thor Mining Plc (THR.L) Announced, in its quarterly report for the period covering July to September 2017, that Thor's Pilot Mountain Project, acquired in 2014 is comprised of four tungsten deposits: Desert Scheelite, Gunmetal, Garnet and Good Hope. In December 2014, Thor outlined a proposed exploration and development plan with the objective of upgrading the knowledge and status of the mineralisation of these deposits where historical drilling outlined potentially economic mineralisation. At Good Hope, a 28-metre-wide zone of copper zinc and tungsten mineralisation has been confirmed beneath shallow alluvial cover. A drill program was completed successfully during the quarter with assays results announced on 6th October 2017. Better than expected assay results for drill hole 17GHRC-02 mean a potential 70 metre strike extension of the Good Hope lode to the west. At Desert Scheelite drill hole 17DSDD-02 intersected two mineralised zones; the upper intersection represents a new second lode previously identified by geophysical targeting prior to drilling. In July 2017, the Company completed a share placement to sophisticated investors to raise �460,000 before expenses, following approval at a general meeting of shareholders. In October 2017, the Company announced a share placement to sophisticated investors to raise �565,000 before expenses, including just over �329,000 subject to approval at a general meeting of shareholders, to be scheduled during the December quarter. The Company has chosen to focus the thrust of its activities and expenditure on work in relation to commercialisation of its principal assets at Pilot Mountain, Molyhil and Kapunda"
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