INVESTOR UPDATE

3,000m RC Drilling Program Commences at Ragged Range Project

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 Ragged Range Project, located in Eastern Pilbara, Western Australia

Project highlights:

  • Approximately 3,000m reverse circulation (“RC”)drilling program commences
  • Drilling is designed to test both structural and geochemical targets along the Sterling Prospect 13km gold corridor, defined by robust soil and stream anomalies, following the first phase of drilling completed in December 2021.
  • Drilling is targeting interpreted dilational zones associated with faulting and folding along the regional thrust faulted contact between the mafic and ultramafic units(Figure1).
  • Drilling program alsoincludes1-3 drillholes at the Krona Prospect to test electromagnetic (“EM”)conductor recently identified beneath the nickel gossan (ASX:THR 17 June 2022).
  • Concurrent to the drilling program, regional geochemical sampling and mapping will continue over the Kelly’s copper-gold area in the northeast of tenure (E46/1393).

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. 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. We look forward to updating the market as results come through.

- 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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