Share price movement

RNS Number : 7249D

Thor Mining PLC

28 March 2011

 

THOR MINING PLC

Share Price Movement

Dated: 28 March 2011

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the Australian based gold, tungsten and molybdenum explorer and developer, today released the following report on the Australian Securities Exchange ("ASX") as required under the listing rules of the ASX.

A copy of the letter to ASX can be accessed via:

http://www.rns-pdf.londonstockexchange.com/rns/7249D_-2011-3-28.pdf

The Directors of THR have noted that the pricing of the Company quoted securities on The Australian Securities Exchange, and the Alternative Investment Market of the London Stock Exchange("AIM"), has risen in the past few days and offer that either or both of the following factors may have influenced the price and volume of the THR securities:-

·           The current high market price for gold and;

•      The recently announced commencement of drilling at the Dundas Gold Project, in the Albany Fraser Belt near Norseman, in Western Australia.

•      The announcement in January of an agreement to acquire an interest in the Spring Hill Gold Project near Creek in the Northern Territory

·           The continued strengthening of the quoted international price for tungsten (Reference Metal Pages.com) and its potential for a positive impact on the economics of the Molyhil Molybdenum/Tungsten project in Northern Territory.

The directors believe the Company is in compliance with the AIM Rules.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	[phone]	Daniel Stewart & Co. plc	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.

 

END

 

 

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