22nd Nov 2013 08:55
LONDON (Alliance News) - Thor Mining PLC Friday said it has received high-grade gold assay results from its Spring Hill project in Australia's Northern Territory, including one assay of more than 100 grammes a tonne of gold.
The results from a reverse circulation drill programme at the site revealed 10 metres at 14.1 grammes a tonne of gold from 93 metres, inside a broader envelope of 21 metres at 7.2 grammes a tonne from 82 metres, including one metre at 105.1 grammes a tonne from 99 metres. The hole terminated in mineralisation at 4.1 grammes a tonne gold.
"Insufficient information exists, currently to assess true widths of mineralisation, or how it may affect further planned work, however the grades are clearly above those seen at Spring Hill in recent times," it said in a statement.
Thor Mining shares were up 22.7% at 0.3498 pence Friday morning, one of the biggest increases on AIM.
By Steve McGrath; [email protected]; @SteveMcGrath1
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