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.
- 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
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.