INVESTOR UPDATE

2,000m Drilling Program Commences at Kelly’s Prospect, Ragged Range, WA

The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the commencement of a drilling program at the Company’s 100% owned Kelly’s Prospect within the Ragged Range Project, located in Eastern Pilbara, Western Australia.

Project highlights:

  • 2,000m reverse circulation (“RC”) drilling program has commenced at the Kelly’s Prospect, Ragged Range
  • Drilling is designed to follow up on rock chip samples returning up to 15.5 g/t Au and 535g/t Ag, and a historic drill intercept of 1.5m @ 22.97g/t Au (DDHK2 drilled in 19691).
  • Drilling is targeting the sheared contact of the Euro Basalt and Boobina Porphyry that forms a silicified ridge, extending over 1 km (Figure 1 and 2).
  • The drilling program also includes 1-3 drillholes beneath high-grade copper workings – Kelly’s (produced 609t of cupreous ore with a grade of 19% Cu, mined 1955-1970).

We are very pleased to report that a 2,000m drilling program is now underway at the Kelly’s Prospect at Ragged Range. Historically, exploration activities across the area have only focused on copper, despite encouraging gold indications, such as a 1.5m @ 22.97g/t Au intercept drilled in 1969.

This program intends to improve our understanding of the structural controls of the Prospect and follow up on our rock chip sampling, which took place earlier in 2022 and returned up to 15.5 g/t Au and 535g/t Ag.

Meanwhile, in the US, the maiden 2,000m drilling program at priority targets across the Wedding Bell and Radium Mountain Projects is progressing well.

We look forward to providing further updates in due course.

- Managing Director Nicole Galloway Warland

THE

RAGGED RANGE PROJECT

The Ragged Range Project covers 92 square kilometres of exploration licences at one of the best addresses for mining exploration in Australia. 

Aproximately 40 kms west of Nullagine, in the Pilbara region of Western Australia, the Ragged Range Project area lies on the eastern boundary of the Greatland Gold Panorama project and predominantly comprises of Eastern Pilbara greenstone which is highly prospective for both gold and nickel.

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