INVESTOR UPDATE

Electromagnetic Conductor Identified at Ragged Range Project

The directors of Thor Mining are pleased to announce that the recently completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect identified a conductive anomaly at the Company’s 100% owned Ragged Range Project, located in the Eastern Pilbara, Western Australia.

Project highlights:

  • A high-powered Fixed Loop Electromagnetics (FLEM) ground geophysics survey has identified a shallow conductor beneath the nickel gossan at the Krona Prospect (Figure 1 and Figure 2).
  • The conductor is consistent with sulphides and warrants drill testing to validate.
  • The nickel gossan is located at the basal contact of the Dalton Suite ultramafic unit (altered Archean Komatiite) in the classic location for nickel-copper sulphide mineralisation.
  • The shallow conductor will be drill tested including downhole EM, as part of the upcoming reverse circulation (RC) drilling program scheduled to commence next week at the Sterling Gold Prospect

I am encouraged that the first ground geophysics survey at Ragged Range has identified a shallow electromagnetic conductor. The target is modelled at around 100m below the surface, establishing it a clear drill target for the upcoming RC drilling program.We look forward to drill testing this anomaly as part of our RC drilling program, scheduled to commence at Sterling Prospect next week

- 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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