COMPLETION OF BEDROCK GEOCHEMISTRY DRILL PROGRAM AT THE DUNDAS GOLD PROJECT – WESTERN AUSTRALIA
The Directors of Thor Mining PLC (“Thor” or the “Company”) (AIM, ASX: THR), are pleased to advise completion of the bedrock geochemistry drilling at the Dundas Project in southern Western Australia.
Mr Mick Billing, Executive Chairman of Thor: “All targets on this 50 hole program have been tested, with the program finishing inside both time and the estimated budget of A$100,000. We expect receipt of assays in several weeks and it is hoped that the results will show elevated gold levels in bedrock and warrant further deeper reverse circulation (RC) drilling.”
About the Dundas Project
The Thor Dundas Project is situated in Western Australia within the Albany-Fraser Province. The project tenement is situated in the prospective Albany-Fraser belt where the trend of the belt is displaced south-eastwards by about 50km co-incident with the general strike-extension of the most prolific gold-bearing belt of the Yilgarn Province – the Wiluna-Kalgoorlie-Norseman greenstone belt.
The Albany-Fraser belt hosts a number of gold discoveries including the +8 million ounce Tropicana gold deposit, and other closer discoveries.
Thor Mining holds 60% equity in the Dundas project along with rights to increase that equity to 100%.
Mick speaks about the recent resource upgrade from the Nevada Pilot Mountain project and answers shareholder’s questions.
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