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Be the first with the news that moves the market- Thor Mining (THR) begins a 3000-metre reverse circulation (RC) drilling program at its Ragged Range project in Western Australia
- Drilling will test the structural and geochemical targets along the Sterling prospect as well as potential sites for mineralisation
- Additionally, one to three holes will be drilled to test the fixed-loop moving electromagnetic conductor at the Krona prospect
- Simultaneously, Thor will undertake mapping and geological sampling around the copper-gold Kelly and Ryan prospect areas with a focus on the historical copper-gold workings
- Shares in Thor are up 5.26 per cent and are trading at 0.9 cents at 11:23 am AEST
Thor Mining (THR) has begun a 3000-metre reverse circulation (RC) drilling program at its Ragged Range project in Western Australia.
Drilling will test the structural and geochemical targets along the Sterling prospect as well as potential sites for mineralisation.
Roughly 40 holes will be drilled to cover the key structures and gold anomalies with the depth of the holes ranging from 60 to 120 metres.
Additionally, one to three holes will be drilled to test the fixed-loop moving electromagnetic (FLEM) conductor at the Krona prospect.
DJC Drilling was contracted to undertake the drilling which is is expected to take four weeks to complete with samples to be sent to Bureau Veritas laboratory in Adelaide for analysis.
Simultaneously, Thor will undertake mapping and geological sampling around the copper-gold Kelly and Ryan prospect areas with a focus on the historical high-grade copper-gold workings.
“It’s exciting to be commencing our second phase of RC drilling at the Sterling prospect,
Ragged Range, including drill testing the recently identified EM conductor beneath the
nickel gossan, at the Krona prospect,” Managing Director Nicole Galloway Warland said.
“These are robust geochemical targets associated with key structural features defined by
Thor, associated with the regional thrust faulted mafic-ultramafic contact within the Kelly
Greenstone Belt.”
Shares in Thor were up 5.26 per cent and were trading at 0.9 cents at 11:23 am AEST.
