Thor Encouraged by Findings at Molyhill Project

Thor Mining (ASX:THR,LSE:THR) reported estimates of up to 1.4m. tonnes of ore from its feasibility study at the Molyhil tungsten and molybdenum project.

Thor’s Chairman, Mick Billing said,

These are very positive early outcomes and provide us with a great deal of confidence in the results of the feasibility study. While much more work is required, these cost estimates, along with current metal prices, are key to the study outcome. The improving commodity price for tungsten, in particular, has added value to Molyhil, and the medium term prospects for tungsten are positive.

Click here to read the Thor Mining (ASX:THR,LSE:THR) press release.