The directors of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce, field work has commenced at it 100% owned Ragged Range Project located in the Pilbara, Western Australia.
The field program is designed to follow up previously reported success from stream sediment samples collected across the tenements, which defined a highly anomalous 13km long gold target zone, with gold values up to 2.2g/t Au (20PST 51 FA25) and 1886ppb Au (20PST 54 Au AR25) and identified three magnetic targets;
§ Extensive geochemical field program has commenced at Ragged Range;
§ Program consists of soil, stream sediment and rockchip sampling in conjunction with geological mapping;
§ The field program also targets follow up at the Sterling Prospect, where the thrust faulted mafic/ultramafic contact is considered a priority target;
§ Drilling logistical activities will also be completed whilst the team is in the field;
§ Next Steps: RC drilling program scheduled for May/June 2021 targeting gold at Sterling Central and Nickel gossan.
Mick Billing, Executive Chairman of Thor Mining, commented:
” After a lengthy wet season, we are excited to be back out in the field exploring the Ragged Ranges Project.
“A number of gold targets have been identified from both previous geochemical programs and the airborne magnetic survey and we look forward to firming these up for the upcoming drilling program.
“Access logistics will also be established for the maiden drill program for this project, scheduled shortly.
“We look forward to updating investors of progress, as results become available.”
The information contained within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulation. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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