ProactveInvestors. From Beaufort Securities Breakfast Alert:...

ProactveInvestors.
From Beaufort Securities Breakfast Alert:

Company news
Thor Mining (LON:THR, 0.88p) – Speculative Buy
Thor Mining, the exploration and development company with tungsten assets in Australia and USA announced yesterday an update on the mineral resource estimate for its wholly owned Pilot Mountain tungsten deposit in Nevada. The Pilot Mountain project consists of four deposits: Desert Scheelite, Gunmetal, Garnet and Good Hope. Yesterday's announcement included a maiden resource for Garnet comprising 1.83Mt grading 0.36% WO3 and an updated resource for Desert Scheelite to 9.9Mt grading 0.26% WO3 plus 19.39g/t Ag and 0.14% Cu. The total combined resource now stands at 11.73Mt grading 0.28% WO3 representing, on aggregate, a 55% increase.
Our view: The above announcement is positive news for Thor and development of the Pilot Mountain project. We note that there is considerable exploration upside on both Desert Scheelite and Garnet as well as the potential for additional resources when considering the Gunmetal and Good Hope deposits. Whilst the overall grade for Desert Scheelite fell by 19% the combined tonnage offset this with a 46% increase. We are encouraged with the relatively high-grade Inferred resources from the Garnet deposit at 0.36% WO3 as well as the aggregate grade of 0.28% WO3 for the project. We also note the potential for zinc, copper and silver mineralisation in the system. We look forward to further updates on Pilot Mountain including the potential for zinc mineralisation at the Garnet deposit. As such, we recommend a Speculative Buy rating on the stock.

http://www.*.co.uk/columns/beaufort...es-breakfast-alert-thor-mining-plc-27817.html