Thor Mining plc (ASX:THR,LSE:THR) announced that it has executed a term sheet for the acquisition of Black Fire Minerals Ltd.’s (ASX:BFE) Pilot Mountain tungsten project.

Highlights include:

• Acquisition valued at A$1.675million.
• Desert Scheelite JORC Resource2 of 6.8million tonnes @ 0.31% WO3.
• Garnet Exploration Target3 of 1.5 to 2.0 million tonnes @ 0.35 – 0.4% WO3.
• Gunmetal Exploration Target3 of 1.5 to 2.0 million tonnes @ 0.37 – 0.42% WO3.
• Substantial exploration upside with high grade tungsten & copper intercepts to follow up.

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