Thor Mining (THR) provided initial drill results from Kelly’s Ridge Prospect, Ragged Range, located in the Eastern Pilbara, Western Australia.
The company said the intercept of 4m @ 12.2g/t Au is an exceptional result under Kelly’s Ridge, especially given the depth of the 194m downhole, showing excellent grade continuity from the surface. This confirms the potential of the site as indicated by historical drilling. Thor anticipates more positive news to be shared with the market in due course.
SigmaRoc (SRC), the quarried materials group, announced it has obtained a UK patent on its Alfabloc Mark II retaining wall systems. With the acquisition of Poundfield Products Limited in 2017, SigmaRoc also acquired a series of patents covering walling systems suitable for the construction, agriculture, sea defence and military applications.
Caspian Sunrise (CASP) updated the market on operations, the creation of a new oil trading division and the declaration of the Company’s maiden dividend. The company said it remains encouraged by the strong oil shows from Deep Well 802. Following an extensive cementing exercise it is now preparing to drill a side-track from a depth of 2,416 meters to a depth of 3,900 meters to target the first interval of interest from which the oil encountered to date has flowed. If successful and based on current timings it expects to test the well before the end of the year.
Alien Metals (UFO), a global minerals exploration and development Company, announced that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd has entered into a MOU to enter in an Agreement for the sharing of bunker allocation at the Pilbara Ports Authority’s Utah Point export facility with Element 25 Ltd in relation to the Company’s Hancock iron ore project located in the Pilbara, Western Australia. UFO said the execution of this MOU with E25 is an important step towards unlocking the export capacity required for Hancock.
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