Thor Mining one to watch

No-one appears to have posted this, in the 'Latest News' section of the Thor website, dated 19 Dec.

In November 2005, the Directors of Thor released an Exploration Update.

All work on site has now been completed for over a month. There were some 2,500 assays generated and we now have a majority of the results.

The delay in releasing the bulk sampling results has been caused by one laboratory over which we have no control. We are still waiting on the final 30 to 40 assays which were due on 30 November and, hopefully, they will arrive shortly. These assays are from the central cross-cut and are important to complete the overall picture of the deposit.

An announcement of all assay results will be made in the first week of January 2006, followed shortly afterwards by the JORC resource.


So, basically, news this week.
What we're comparing against is given in the presentation, again on the website:

Current JORC Resource...

2.030Mt @ 0.3%WO3 and 0.18%MoS2
Molybdenum 3.590m pounds
Tungsten 0.350m mtu
Gross Value US $160m

At 1% Combined
Shaft 1 Cross Cut 26m at 1% Combined...
Molybdenum 9.230m pounds
Tungsten 1.076m mtu
Gross Value US $440m

Based on
US$30/pd MoS2 Contained Mo
US$150/mtu WO3 Concentrate