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Thor Mining (ASX:THR) has released a development plan for its recently acquired Pilot Mountain which it hopes will bring the project into production.
Thor Mining (ASX:THR) has released a development plan for its recently acquired Pilot Mountain which it hopes will bring the project into production.
According to Mining Weekly:
The three-stage development plan would comprise confirmatory drilling of tier-one targets, enabling an updated resource estimate for the Garnet and Gunmetal deposits, as well as initial scoping studies and advancement of project permitting.
The second stage would see the expansion and infill of tier-one resourcedrilling and testing of tier-two targets to upgrade the resource estimates and enable initial assessment of reserves.
Stage three of the plan would see the completion of the resource drilling and studies for reserve estimates, as well as definitive feasibility studies and project permitting.