Thor Mining Provides Update

Thor Mining (ASX:THR,LON:THR) reports commodity prices for its projects are now at record levels in the case of gold and tungsten.

The press release is quoted as saying,

Since Thor acquired the project in 2005, the project has progressed from being an advanced exploration project to one which is ready for development. Exploration activities resulted in a resource estimate of 3.75 million tonnes containing high grade tungsten and molybdenum. A definitive feasibility study (DFS) was completed in 2007 with outcomes indicating profitable development. In addition your company secured development approval from traditional owners and environmental approval from the Department of Regional Development, Primary Industry, Fisheries and Resources in the Northern Territory.

For the complete press release, click here.