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Thor Announces 25% Increase in Tungsten-Moly

Investing News Network
Jan. 30, 2012 10:29PM PST
Company News

Thor Mining PLC (ASX:THRO,AIM:THR) announced an overall 25% tonnage increase in a new resource estimate for the Molyhil tungsten and molybdenum project.

Thor Mining PLC (ASX:THRO,AIM:THR) announced an overall 25% tonnage increase in a new resource estimate for the Molyhil tungsten and molybdenum project.

As quoted in the press release:

Highlights

  • Overall tonnage increased by 25% to 4.7 million tonnes to 220m depth;
  • Contained tungsten increased by 10% to >13,100 tonnes WO3 ;
  • Contained molybdenum increased by 46% to >10,400 tonnes MoSâ‚‚; and
  • Very high, near surface tungsten grades provide confidence in early payback of project capital.

Click here to read the Thor Mining PLC (ASX:THRO) press release.

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