Thor Mining PLC (ASX:LON:THR) Visible Gold in Pilbara Goldfields

The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce visible gold found in panning samples of a reconnaissance stream sediment sampling program at the recently acquired 100% owned Pilbara Goldfield tenements (E46/1262 and E46/1190) in Western Australia.

The program comprised stream sediment samples from 44 sites located to provide a broad coverage across the tenement which is predominantly comprised of mafic and ultramafic units. Laboratory assay work is yet to be completed, however, initial gold panning indications are very encouraging with visible gold evident in several samples.

Highlights:

· Visible gold from panning of 13 of the 44 sediment trap sites selected;

· Maximum gold occurrence of 20 grains (very fine) from one trap site with another of five grains observed in the adjacent creek sample;

· Other samples held coarser grains;

· Subject to final assays, follow-up field work may comprise detailed stream sediment sampling, soil sampling and geological mapping.

Mr Mick Billing, Executive Chairman, commented:

“These preliminary results are very exciting, and we look forward to confirmatory laboratory assays.”

“To obtain results of this calibre in an initial reconnaissance survey is an excellent result”.

The program was designed and implemented by George Merhi of Bann Geological Services Pty Ltd. The preliminary results presented in this announcement are as reported by Mr Merhi.

The programme comprised stream sediment trap site sampling (detailed in Table A). Samples comprising coarse (3kg -5mm+2mm) and fine (4kg -2mm) fraction sediment were collected for geochemical analysis for Au 2kg BLEG (fine fraction), aqua regia (fine and coarse fractions) and multi-element analysis.

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This announcement is based on hand panning in the field of an additional 10-12 kg sample of -2mm material.

Subject to a geochemical analysis of the stream sediment samples, follow up field evaluation is likely to comprise detailed stream sediment sampling, soil sampling and geological mapping to better evaluate potential source lithologies.

Table: A Summary of results from panning

Sample No

Easting

Northing

Tenement

Pan Colours*

Comments

19PST1

788517

7585914

E46/1262

20

very fine

19PST2

788542

7585747

E46/1262

5

very fine

19PST3

787507

7584556

E46/1262

1

med rounded

19PST4

787501

7584365

E46/1262

19PST5

785739

7580319

E46/1262

19PST6

785962

7580255

E46/1262

19PST7

784251

7578348

E46/1262

19PST8

784238

7578402

E46/1262

19PST9

780980

7591940

E46/1190

19PST10

BLANK

19PST11

790941

7586131

E46/1262

19PST12

790887

7586107

E46/1262

19PST13

788661

7584372

E46/1262

19PST14

788668

7584326

E46/1262

19PST15

784554

7581458

E46/1262

1

1 nugget angular

19PST16

784518

7581504

E46/1262

19PST17

783611

7580160

E46/1262

19PST18

783583

7580269

E46/1262

19PST19

779729

7590847

E46/1190

19PST20

779691

7590795

E46/1190

19PST21

779637

7589090

E46/1190

2

2 med flat

19PST22

779673

7589010

E46/1190

2

1 med/ 1 fine flat

19PST23

779543

7583792

E46/1262

19PST24

779545

7583840

E46/1262

19PST25

781942

7586463

E46/1190

19PST26

781830

7586363

E46/1190

19PST27

781797

7589110

E46/1190

2

very fine

19PST28

781421

7588166

E46/1190

1

1 fine flat

19PST29

781369

7588090

E46/1190

19PST30

781323

7583894

E46/1262

19PST31

781247

7583860

E46/1262

19PST32

780820

7586665

E46/1262

2

fine

19PST33

780775

7586684

E46/1262

1

1f chunky

19PST34

780079

7586846

E46/1262

19PST35

784674

7582582

E46/1262

19PST36

784678

7582468

E46/1262

1

1vcs flat

19PST37

783105

7586695

E46/1190

19PST38

789014

7585264

E46/1262

19PST39

788997

7585253

E46/1262

19PST40

787488

7585639

E46/1190

19PST41

782773

7583406

E46/1190

19PST42

782779

7583466

E46/1190

19PST43

783418

7586477

E46/1190

19PST44

789142

7585884

E46/1262

1

1 coarse rounded

19PST45

789173

7585849

E46/1262

1

med

19PST46

787488

7585639

E46/1190

*Pan colours denote the number of particles of visible gold

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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