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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Thor Energy Plc | LSE:THR | London | Ordinary Share | GB00BRJ52319 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.30 | 1.20 | 1.40 | 1.30 | 1.30 | 1.30 | 42,665 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -6.84 | 3.62M |
TIDMTHR
RNS Number : 9334M
Thor Mining PLC
19 October 2016
19 October 2016
THOR MINING PLC
MOLYHIL TUNGSTEN PROJECT - ASSAYS POINT TO NEW TUNGSTEN DEPOSITS
The Board of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR) is pleased to provide an update regarding positive exploration work conducted at the Company's wholly owned Tungsten-Molybdenum Molyhil Project ("Molyhil") situated in the Northern Territory of Australia.
Highlights
-- In January 2015 Thor produced an updated feasibility study in respect of Molyhil demonstrating a post tax NPV of A$67m (UKGBP42m) further details of which are provided on the Company's website;
-- Thor is now proactively building its knowledge of the Molyhil project with a view to further enhancing the quality of the existing resource/reserve, increasing the total amount confirmed Tungsten-Molybdenum mineralisation and further improving efficiency with regard to future planned mine activities;
-- One important element of this work has been to identify new areas of Tungsten mineralisation in and around the project, which is the subject of the positive findings in this market announcement;
-- Laboratory assay results have reinforced the prospectivity of several targets following the completion of the exploration drilling program to test for additional tungsten mineralisation satellite to the Company's existing Molyhil tungsten deposit;
-- Prospective host rocks (skarn & calc-silicate, with proximal granite) are confirmed to exist under shallow alluvial cover in each of three prospects tested (Cattle Track, Gap Track, and Think Big);
-- In addition the Company's work has identified elevated tungsten assays at Cattle Track and Gap Track prospects;
-- Finally, the exploration programme has confirmed elevated titanium assays at the Think Big prospect.
Mr Mick Billing, Executive Chairman, commented:
"I am pleased to report further material progress in our campaign to further enhance the value and project economics of Molyhil. In today's challenging resource environment mineral development companies are ideally placed with advanced projects, and Molyhil falls into that category with a Definitive Feasibility Study already complete.
We are now going about the business of building our knowledge and the inherent value of Molyhil, and today's announcement marks some great progress in this regard.
The fertility of the Cattle Track and Gap Track prospects has been enhanced. Whilst the number of holes in each of these targets is, both limited and quite widely spaced, we have identified both geochemical signature and geology indicative of potential mineralisation. Further drilling on each of these targets is warranted and will be scheduled and additional announcements will therefore follow.
In addition Thor will be providing further updates in the near term with regard to the Company's Pilot Mountain, Nevada project and specifically the efficient route we have identified to significantly increase the in-situ resource at that project.
Finally the Company remains highly proactive in the review of new opportunities. We hope to provide a further update to market in this regard at the earliest opportunity."
Following the initial on site analyses using hand held XRF analyser, samples were sent for laboratory follow up assay. The laboratory assay process has a lower detection limit of 1 part per million ("ppm") compared with 10ppm for the hand held XRF, and also uses a larger sample size. Trends in tungsten distribution are now apparent in the laboratory assays that were not apparent in the earlier analyses.
The laboratory analyses show tungsten elevated at two to three times background levels in the vicinity of the Molyhil Pinnacle (Cattle track) and along the southern margin of the Gap Track prospect (refer to map). At Gap Track, where a broader spread of data points was collected, a trend of elevated tungsten is apparent which reflects the trend in elevated magnetic response. These are encouraging results albeit at subdued levels.
Due to its low chemical reactivity and high physical density, tungsten does not tend to disperse in the soil and weathered rock profile as much as more reactive metals such as copper. As a result, any detection of tungsten is considered encouraging and worthy of follow up investigation.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining PLC Executive 1935 Chairman Ray Ridge +61 (8) 7324 Thor Mining PLC CFO/Company 1935 Secretary Colin Aaronson/ +44 (0) 207 Grant Thornton UK Nominated Daniel Bush/ 383 5100 LLP Adviser Richard Tonthat Gerry Beaney/ +44 (0) 20 Northland Capital Joint Broker David Hignell 3861 6625 Partners Limited John Howes Nick Emerson +44 (0) 1483 SI Capital Joint Broker / 413 500 Andy Thacker Tim Blythe/ +44 (0) 207 Blytheweigh Financial Camilla 138 3222 PR Horsfall
Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.
Competent Person's Report
The information in this report that relates to exploration results is based on information compiled by Richard Bradey, who holds a BSc in applied geology and an MSc in natural resource management and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Bradey is an employee of Thor Mining PLC. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Richard Bradey consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
About Thor Mining PLC
Thor Mining PLC is a resources company quoted on the AIM Market of the London Stock Exchange and on ASX in Australia.
Thor holds 100% of the advanced Molyhil tungsten project in the Northern Territory of Australia, for which an updated feasibility study in 2015(1) suggested attractive returns. Thor also holds 100% of the Pilot Mountain tungsten project in Nevada USA which has a JORC 2012 Indicated Resources Estimate(2) on 1 of the 4 known deposits.
In February 2016, Thor announced the sale of its Spring Hill Gold project(3) for A$3.5million, of which A$1.5 remains due for settlement in February 2017, plus a royalty of:
-- A$6 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for up to A$1,500 per ounce; and
-- A$14 per ounce of gold produced from the Spring Hill tenements where the gold produced is sold for amounts over A$1,500 per ounce.
Notes
-- (1) Refer ASX and AIM announcement of 12 January 2015 -- (2) Refer ASX and AIM announcement of 10 June 2014 -- (3) Refer ASX and AIM announcement of 29 February 2016 -- At the date of this announcement gold is trading at approximately A$1,650/oz
Assay results
Hole Easting Northing Sample Sample W (ppm) Cu Mo Fe Ti Id GDA94 GDA94 depth-from depth-to (ppm) (ppm) (ppm) (ppm) (m) (m) ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC001 577,893 7,483,253 1.5 2.8 3 30 2 20315 1350 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC002 577,897 7,483,300 0 1.5 <1 <10 <1 2795 220 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC003 577,900 7,483,348 1.5 3 3 20 1 11725 700 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC012 576,901 7,483,103 3 4.5 4 20 <1 23810 940 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC013 576,903 7,483,045 3 4.5 6 20 <1 30985 1660 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC014 576,899 7,482,999 1.5 3 4 20 <1 15140 1040 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC015 576,610 7,483,110 3 4.5 3 20 2 20760 1070 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC016 576,599 7,483,052 1.5 3 2 10 <1 61430 1430 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC017 576,589 7,482,996 1.5 3 3 50 1 34115 920 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC018 576,600 7,482,956 1.5 3 2 <10 <1 18285 1040 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC019 576,606 7,482,902 1.5 3 <1 <10 1 39530 1690 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- -------
16MAC020 576,605 7,482,905 3 4.5 1 <10 4 42520 1870 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC021 576,298 7,482,888 6 7.5 5 10 6 26155 510 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC022 576,300 7,482,851 3 4.5 4 30 4 41445 1530 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC023 576,299 7,482,800 3 4.5 3 20 1 28625 1150 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC024 576,208 7,482,899 6 7.5 7 10 3 42175 2550 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC025 576,206 7,482,851 7.5 9 3 20 3 61045 2220 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC026 576,199 7,482,805 3 4.5 5 20 2 41810 1100 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC027 576,099 7,483,200 4.5 6 3 20 <1 38250 2520 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC028 576,103 7,483,248 3 4.5 3 40 <1 33075 2280 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC029 576,109 7,483,303 3 4.5 8 10 3 26635 2040 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC030 582,689 7,480,489 10.5 12 7 30 1 46590 4090 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MAC031 582,702 7,480,612 6 7.5 4 20 2 34205 1220 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB032 583,400 7,480,298 7.5 9 1 30 <1 44750 5160 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB033 583,398 7,480,400 6 7.5 3 10 <1 22735 1690 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB034 583,398 7,480,493 4.5 6 3 10 <1 16545 2070 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB035 583,204 7,480,601 3 4.5 3 20 3 19585 1510 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB036 583,199 7,480,494 3 4.5 5 10 <1 18155 1550 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB037 583,200 7,480,406 6 7.5 3 10 <1 22315 2130 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB038 583,000 7,480,400 4.5 6 2 40 <1 54115 3080 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB039 583,000 7,480,500 9 10.5 2 30 <1 35270 4100 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB040 583,003 7,480,597 9 10.5 2 10 <1 22180 1840 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB041 582,698 7,480,698 7.5 9 3 <10 <1 10855 710 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB042 582,999 7,480,301 7.5 9 9 30 2 33460 1150 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB043 583,202 7,480,301 6 7.5 7 30 2 27680 2000 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB044 583,600 7,480,303 9 10.5 2 40 <1 38920 3160 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB045 583,596 7,480,398 6 7.5 2 20 <1 39690 3250 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB046 575,303 7,481,402 4.5 5 3 30 <1 49425 4970 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB048 575,305 7,481,201 4.5 6 2 20 <1 47525 3900 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB049 575,300 7,481,102 6 7.5 5 20 <1 18435 570 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB050 574,898 7,480,908 4.5 6 3 30 <1 45895 3370 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB051 574,899 7,481,003 3 4.5 2 20 <1 20920 790 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB052 574,898 7,481,101 4.5 6 5 40 <1 31965 2800 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB053 574,897 7,481,200 4.5 6 2 <10 <1 61125 3960 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB054 574,895 7,481,295 4.5 6 1 30 <1 43950 4100 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB055 574,856 7,481,393 7.5 9 2 20 <1 54035 2350 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB056 574,895 7,481,497 1.5 3 <1 220 <1 86605 4200 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB057 574,900 7,481,595 3 4.5 4 <10 <1 16870 2250 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB058 575,305 7,481,504 4.5 6 4 <10 <1 16620 1470 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB059 576,613 7,482,906 1.5 3 2 <10 <1 45370 1520 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB060 576,602 7,482,899 3 4.5 2 <10 <1 37130 1600 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB061 576,602 7,482,906 4.5 6 3 <10 <1 44060 2200 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB062 577,897 7,483,301 1.5 3 3 <10 <1 54520 4900 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB063 576,300 7,482,856 9 10.5 8 60 <1 27575 1760 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB064 576,206 7,482,852 4.5 6 5 <10 1 51265 1810 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- ------- 16MRAB065 576,102 7,483,205 7.5 9 7 <10 <1 29245 1720 ----------- -------- ---------- ------------ ---------- -------- ------- ------- ------- -------
JORC Code, 2012 Edition - Table 1 report
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary ------------------ ------------------------------------------------------------- ----------------------------- Sampling Aircore and RAB techniques * Nature and quality of sampling (eg cut channels, drilling was used random chips, or specific specialised industry (as per hole id standard measurement tools appropriate to the designation) to minerals under investigation, such as down hole gamma obtain 1.5 metre sondes, or handheld XRF instruments, etc). These interval samples. examples should not be taken as limiting the broad 2kg subsamples meaning of sampling. were taken for logging, portable XRF analysis and * Include reference to measures taken to ensure sample follow up laboratory representivity and the appropriate calibration of any analysis where measurement tools or systems used. appropriate. Chip tray samples were collected and photographed. * Aspects of the determination of mineralisation that are Material to the Public Report. * In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. ------------------ ------------------------------------------------------------- ----------------------------- Drilling Initially aircore techniques * Drill type (eg core, reverse circulation, open-hole drilling was used hammer, rotary air blast, auger, Bangka, sonic, etc) but reverted to and details (eg core diameter, triple or standard RAB as a result tube, depth of diamond tails, face-sampling bit or of difficulty penetrating other type, whether core is oriented and if so, by large rocks within what method, etc). transported cover. ------------------ ------------------------------------------------------------- ----------------------------- Drill Little to no sample sample * Method of recording and assessing core and chip recovery was generally recovery sample recoveries and results assessed. achieved in the top 1.5 metres of RAB holes. Reasonable * Measures taken to maximise sample recovery and ensure sample recovery representative nature of the samples. was obtained thereafter. Sample recovery was not measured. * Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. ------------------ ------------------------------------------------------------- ----------------------------- Logging Hole cuttings were * Whether core and chip samples have been geologically logged geologically and geotechnically logged to a level of detail to and photographed. support appropriate Mineral Resource estimation, mining studies and metallurgical studies. * Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. * The total length and percentage of the relevant intersections logged. ------------------ ------------------------------------------------------------- ----------------------------- Sub-sampling Subsamples were techniques * If core, whether cut or sawn and whether quarter, taken by hand scoop and sample half or all core taken. cutting across preparation the entire volume of sample. This * If non-core, whether riffled, tube sampled, rotary is not considered split, etc and whether sampled wet or dry. representative but adequate for reconnaissance * For all sample types, the nature, quality and geochemistry. appropriateness of the sample preparation technique. * Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. * Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. * Whether sample sizes are appropriate to the grain size of the material being sampled. ------------------ ------------------------------------------------------------- ----------------------------- Quality Assay process comprised of assay * The nature, quality and appropriateness of the four acid digest data assaying and laboratory procedures used and whether followed by ICP-MS and laboratory the technique is considered partial or total. for Mo and W and tests ICP-OES for Cu, Fe and Ti. The * For geophysical tools, spectrometers, handheld XRF assay process is instruments, etc, the parameters used in determining not considered the analysis including instrument make and model, to be total for reading times, calibrations factors applied and their W and Mo and may derivation, etc. result in a low bias for these elements. * Nature of quality control procedures adopted (eg No external QAQC standards, blanks, duplicates, external laboratory reference materials checks) and whether acceptable levels of accuracy (ie were included in lack of bias) and precision have been established. the assay process. Third party assay will be undertaken on a selection of samples. ------------------ ------------------------------------------------------------- ----------------------------- Verification No significant
of sampling * The verification of significant intersections by intersections reported and assaying either independent or alternative company personnel. * The use of twinned holes. * Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. * Discuss any adjustment to assay data. ------------------ ------------------------------------------------------------- ----------------------------- Location Hand held GPS of data * Accuracy and quality of surveys used to locate drill points holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. * Specification of the grid system used. * Quality and adequacy of topographic control. ------------------ ------------------------------------------------------------- ----------------------------- Data Holes were spaced spacing * Data spacing for reporting of Exploration Results. between 50 and and distribution 100 metres apart in lines crossing * Whether the data spacing and distribution is anomalies at 100, sufficient to establish the degree of geological and 200 or 400 metres grade continuity appropriate for the Mineral Resource apart. and Ore Reserve estimation procedure(s) and classifications applied. No compositing of samples was undertaken. * Whether sample compositing has been applied. ------------------ ------------------------------------------------------------- ----------------------------- Orientation All holes were of data * Whether the orientation of sampling achieves unbiased vertical which in relation sampling of possible structures and the extent to is appropriate to geological which this is known, considering the deposit type. for reconnaissance structure geochemistry. * If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. ------------------ ------------------------------------------------------------- ----------------------------- Sample None security * The measures taken to ensure sample security. ------------------ ------------------------------------------------------------- ----------------------------- Audits None or reviews * The results of any audits or reviews of sampling techniques and data. ------------------ ------------------------------------------------------------- -----------------------------
Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary ---------------- ---------------------------------------------------------------- --------------------------- Mineral EL22349 100% Thor tenement * Type, reference name/number, location and ownership Mining plc and land including agreements or material issues with third No known impediments tenure parties such as joint ventures, partnerships, to licence an operation. status overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. * The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. ---------------- ---------------------------------------------------------------- --------------------------- Exploration No historic data done * Acknowledgment and appraisal of exploration by other other than the by other parties. regional aeromagnetic parties data ---------------- ---------------------------------------------------------------- --------------------------- Geology Contact metamorphic * Deposit type, geological setting and style of skarn hosted tungsten. mineralisation. ---------------- ---------------------------------------------------------------- --------------------------- Drill Drill hole summary hole * A summary of all information material to the table provided Information understanding of the exploration results including a above. The vertical tabulation of the following information for all holes were all Material drill holes: located on an essentially level plain thus the collar rl has o easting and northing not been included. of the drill hole collar Sample depth varied o elevation or RL (Reduced as a function of Level - elevation above cover depth and sea level in metres) of depth of drill the drill hole collar refusal. o dip and azimuth of the hole o down hole length and interception depth o hole length. * If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. ---------------- ---------------------------------------------------------------- --------------------------- Data None undertaken. aggregation * In reporting Exploration Results, weighting averaging methods techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. * Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. * The assumptions used for any reporting of metal equivalent values should be clearly stated. ---------------- ---------------------------------------------------------------- --------------------------- Relationship Not applicable between * These relationships are particularly important in the mineralisation reporting of Exploration Results. widths and intercept lengths * If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. * If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). ---------------- ---------------------------------------------------------------- ---------------------------
Diagrams Refer to figure * Appropriate maps and sections (with scales) and 1 tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. ---------------- ---------------------------------------------------------------- --------------------------- Balanced All results provided reporting * Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. ---------------- ---------------------------------------------------------------- --------------------------- Other No other data substantive * Other exploration data, if meaningful and material, exploration should be reported including (but not limited to): data geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. ---------------- ---------------------------------------------------------------- --------------------------- Further The results provided work * The nature and scale of planned further work (eg warrant follow tests for lateral extensions or depth extensions or up investigation large-scale step-out drilling). which will most likely comprise further RAB drill * Diagrams clearly highlighting the areas of possible geochemistry on extensions, including the main geological a reduced spacing interpretations and future drilling areas, provided targeting the two this information is not commercially sensitive. area of elevated tungsten so far. ---------------- ---------------------------------------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGGRPUUPQUMB
(END) Dow Jones Newswires
October 19, 2016 03:29 ET (07:29 GMT)
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