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Metal Tiger Plc

Thor Mining’s hot streak continues with strong US lithium drilling results

Thor Mining (LSE:THR) bounced by 11.1pc on Monday morning after continuing its newsflow hot streak with a response to strong drilling results at its indirect lithium interest in the US. Thor owns a 1.075pc position in Australian company Hawkstone Mining (ASX:HWK), which is the 100pc owner of the Big Sandy lithium-clay project in Arizona.

Last Wednesday saw Hawkstone reveal that it had received the final results from its 37-hole phase two diamond drill project at the project. According to the firm, the work demonstrated a ‘significant thickening of the depth and strike of lithium mineralisation’ at the project. 

Thor Mining plc an AIM listed mining company with tungsten and copper projects in Australia and the USA. Metal Tiger plc (LON:MTR) had an investment of 51,350,000 ordinary shares at 31 December 2017 representing 8% 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.