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
- 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).
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.
Drilling returns high-grade gold from the silicified altered contact along Kelly’s Ridge.
The directors of Thor Mining are pleased to announce a successful capital raise of A$2.65m to fund exploration activities at the Company’s project interests, with particular emphasis on the uranium exploration licences in Colorado and Utah in the United States.
Thor Mining (ASX:THR) Non-Executive Director, Mark McGeough, discusses the company’s uranium exploration in the USA at the Broker Briefing and PAC Partners Uranium Forum.