The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to announce the correlation of anomalous historic stream sediment results to those results recently collected by Thor over their 100% owned Pilbara Goldfield tenements (E46/1262 and E46/1190) in Western Australia.
The historic stream sediment Bulk Leach Extractable Gold (BLEG) samples collected in the mid-1990’s by Great South Mines1 validates gold results from the two recent geochemistry programs undertaken by Thor, which delineated a 13km gold target zone along the faulted greenstone belt (ASX: THR announcement 2 September 2020).
§ Data review identifies anomalous historic stream sediment samples up to 68ppb ( Sample No. 4057 in Table A below ).
§ Historic stream sediment sampling results confirms 13km anomalous gold trend along the eastern thrust faulted mafic/ultramafic contact.
§ Samples delineating the 13km gold target zone are from separate drainage catchments supporting the potential of gold mineralisation along the entire strike length.
§ Widespread anomalous gold also prevalent across adjoining tenement EL46/1355, under application by Thor.
§ Airborne Magnetic survey underway ( Announced 6 October 2020 )
§ Follow up geochemical sampling program including infill stream sediment sampling, mapping and rock chip sampling is scheduled to commence during October.
Mick Billing, Executive Chairman of Thor Mining, commented:
“It is very pleasing to find further evidence of anomalous gold along the 13 kilometre target zone previously identified from this historical work.”
“Evidence of anomalous gold within the new licence application area also adds potential value to the total Ragged Range suite of tenements.”
“We look forward to the results of the airborne magnetic survey in progress, and the next phase of sampling, scheduled to begin shortly.”
A map showing Stream Sediment Gold results from Thor sampling and predecessor Great Southern Mines sampling may be viewed via the link below.
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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