• The shallow conductor, identified from the recent high-powered Fixed Loop Electromagnetics (FLEM) ground geophysics survey beneath the nickel gossan at the Krona Prospect, was drill tested with one RC drill hole, returning:
o 22RRRC045: 66m @ 0.19% nickelfrom 81m
• The drill hole intersected the edge of the modelled FLEM conductor.
• A down-hole electromagnetic (DHEM) geophysics survey was completed and revealed anoff-hole conductor 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.
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.