INVESTOR UPDATE

Exploration Update, Ragged Range, WA

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The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to provide an exploration update for the Ragged Range Project, located in the eastern Pilbara, Western Australia.

Project highlights:

  • Completion of the 2,000m reverse circulation (“RC”) drilling program at Kelly’s Prospect, Ragged Range.
  • Six holes tested the Kelly’s Ridge area following 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).
  • Two drillholes were drilled beneath the high-grade Kelly’s historic copper workings, testing potential chalcopyrite extensions at depth (historic production: 609t of cupreous ore with a grade of 19% Cu, mined 1955-1970).
  • Four holes tested a new conceptual target called Kelly’s NE.
  • RC drilling at the Sterling Prospect has returned anomalous gold results up to 6m @ 0.2g/t Au from 83m (22RRC010) associated with extensive sericite-sulphide alteration.

We are pleased to report that the 2,000m drilling program at the Kelly’s Prospect, Ragged Range is now complete. The program was designed to follow up on prospective rock chip samples, including a high-grade historic drill intercept. We look forward to reporting the results of the program in due course. Drilling at Sterling has highlighted several zones of intense alteration with anomalous gold warranting detailed structural mapping and sampling, including veining associate with the 6g/t rock chips at Sterling central “Kink” area.

- Managing Director Nicole Galloway Warland
READ THE FULL ASX ANNOUNCEMENT

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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