The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to advise commencement of the second phase of gold, nickel, and chromium geochemical sampling at the 100% owned Pilbara Goldfield tenements (E46/1262 and E46/1190) in Western Australia.
The program follows previously reported success from stream sediment samples from sites providing a broad coverage across the tenements, resulting in 15 gold occurrences, and two nickel and chrome occurrences from 44 sampling sites,
· Five separate sites from which gold was detected in the initial sampling program to be followed up, with upstream sampling towards potential source rock.
· Nickel and chrome focussed sampling of the previously reported gossan within the ultramafic rock area ( https://www.thormining.com/sites/thormining/media/pdf/annual-and-interim-reports/20200501-quarterly-report-january—march-2020.pdf ), and also map and sample catchments of the 2019 nickel/chrome anomalous stream sediment sites.
· Sampling program estimated to be complete within one week, with assays due several weeks from completion.
Mick Billing, Executive Chairman of Thor Mining, commented:
” This is an important follow up to the previous, very successful, sampling program.”
“COVID19 access restrictions delayed earlier access to the licence area, and we are very pleased to be able to recommence activity on this very exciting project, using a Western Australian based team.”
“We look forward to providing updates on progress as they become available.”
Five stream sediment sample sites from the 2019 sampling program are designated for follow up. These samples reported either or both, of elevated assay gold geochemical anomalism, or gold evident in the panning.
Elevated nickel and chrome were assayed in samples from four stream sediment test sites in 2019. The sites are adjacent to ultramafic rocks which extend approximately 10km along the western boundary of the tenement. The catchments for these sites will be mapped for possible source rocks.
Further to the south, within the ultramafic package is an area of gossan. The current field program includes mapping and rock chip sampling at 2 metre intervals across the entire width of the gossan.
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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