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Metal Tiger Plc

Thor Mining announce visible gold in Pilbara Goldfields

Thor Mining (LON:THR) announced visible gold found in panning samples of a reconnaissance stream sediment sampling program at the recently acquired 100% owned Pilbara Goldfield tenements in Western Australia.

The program comprised stream sediment samples from 44 sites located to provide a broad coverage across the tenement which is predominantly comprised of mafic and ultramafic units. Laboratory assay work is yet to be completed, however, initial gold panning indications are very encouraging with visible gold evident in several samples.

Highlights:

· Visible gold from panning of 13 of the 44 sediment trap sites selected;

· Maximum gold occurrence of 20 grains (very fine) from one trap site with another of five grains observed in the adjacent creek sample;

· Other samples held coarser grains;

· Subject to final assays, follow-up field work may comprise detailed stream sediment sampling, soil sampling and geological mapping.

Mr Mick Billing, Executive Chairman, commented: 

“These preliminary results are very exciting, and we look forward to confirmatory laboratory assays.”

“To obtain results of this calibre in an initial reconnaissance survey is an excellent result”.

The program was designed and implemented by George Merhi of Bann Geological Services Pty Ltd. The preliminary results presented in this announcement are as reported by Mr Merhi.

The programme comprised stream sediment trap site sampling (detailed in Table A).  Samples comprising coarse (3kg -5mm+2mm) and fine (4kg -2mm) fraction sediment were collected for geochemical analysis for Au 2kg BLEG (fine fraction), aqua regia (fine and coarse fractions) and multi-element analysis.

This announcement is based on hand panning in the field of an additional 10-12 kg sample of -2mm material.

Subject to geochemical analysis of the stream sediment samples, follow up field evaluation is likely to comprise detailed stream sediment sampling, soil sampling and geological mapping to better evaluate potential source lithologies.

Thor Mining plc is an AIM listed mining company with tungsten and copper projects in Australia and the USA. Metal Tiger (LON:MTR) has an investment of 74,050,000 ordinary shares representing 9% of the issued ordinary share capital of Thor Mining.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.