Annual Report EL 22349 Mount Sainthill 17 May 2012 to 16 May 2013

Abstract

This annual exploration report covers EL 22349 for the period 17 May 2012 to 16 May 2013. EL 22349 was granted on May 17, 2002 and has been held by Thor mining since 26 March 2004. It comprises 118 graticule blocks and includes ML 23825, over the Molyhil tungsten, molybdenum deposit. Further tungsten resources are being sought to supplement a proposed mining and treatment operation at Molyhil. Prospective geological settings are proposed to exist blanketed under transported cover in the vicinity of the deposit. Fieldwork comprised mapping and 1,237 XRF soil geochemistry analyses. Targeting and fieldwork activities have resulted in the identification of prioritised targets, an improved understanding of the geology and the development of an exploration strategy and plan for subsequent work.