Annual Report EL 22349 Mount Sainthill 17 May 2014 to 16 May 2015

Abstract

This annual exploration report covers EL 22349 for the period 17 May 2014 to 16 May 2015. 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 likely to exist blanketed under transported cover in the vicinity of the deposit. Planning, design and permitting of a bedrock geochemistry program has been completed to test identified targets. Although no on-ground exploration work was carried out during the reporting period, over $524,000 was spent by Thor Mining on metallurgical test work, feasibility and permitting on the Molyhil Project which lies within EL 22349. The company is actively seeking funding to resume planned exploration activities.