PILBARA GOLDFIELDS RAGGED RANGE PROJECT – VISIBLE GOLD IN FOLLOW-UP SAMPLING
Thor Mining Plc (“Thor”) (AIM, ASX: THR) advise visible gold in stream sediment sample panning, from the third phase of gold geochemical sampling carried out earlier this month at the 100% owned Pilbara Goldfield tenements (E46/1262 and E46/1190) in Western Australia.
Mick Billing, Executive Chairman talks with Zak Mir about this weeks update and goes into more detail about the market announcement.
Field observation highlights:
- 13 of the 54 stream sediment sites had visible gold in panning (Table A).
- Sample 20PST 54 and 20PST 84 returned gold in the pan with a maximum of 6 counts (Table A).
- Visible gold in panning is consistent along the interpreted 13km anomalous gold corridor, trending along the thrust faulted mafic/ultramafic contact.
- A 1.5km NE-SW traverse across the anomalous gold corridor was completed, with 14 rock chips collected for assay submission. The central portion of the traverse is dominated by Fe-Mn quartz vein/breccia float.
- Subject to the geochemical results and the modelling of the recently flown airborne magnetic survey, a soil sampling program is proposed over priority targets within the anomalous 13km gold trend to delineate coherent gold trends prior to drill testing.
Mick Billing, Executive Chairman of Thor Mining, commented:
“Another step closer in the process of narrowing down Ragged Range drill target selection, with visible gold again found in the stream sediment samples consistently along the 13 kilometre corridor of anomalous gold.”
“We look forward to the laboratory assays from this work.”
“We look forward also to receiving the results from and interpretation of the airborne magnetic survey recently completed, and we will keep investors posted with progress.”
Geologically, the eastern portion of the traverse is dominated by a range of low hills of fine grained mafics and pillow lavas. The western portion comprises relatively flatter country with well exposed ultramafics.
In contrast, a wide expanse in the central portion of the traverse is dominated by colluvial material composed predominately of quartz (quartz breccia, quartz with anhedral boxwork, yellow jarositic stained quartz and banded quartz/ironstone material), ironstone (generally massive with some skeletal /spongy textured ironstone), mafic and ultramafic fragments on soil.
The majority of the rock samples collected along the traverse comprised colluvial float/scree material.
The geochemical sampling program (stream sediment and rock chip sampling) was undertaken by George Merhi, Consultant Geologist (AusIMM), of Bann Geological Services Pty Ltd, with over 20 years’ experience in the Pilbara region, under the instruction and on behalf of Thor.
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