INVESTOR UPDATE

RC Drilling Program Completed at Ragged Range Project, WA

The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the completion of the drilling program at the Company’s 100% owned RaggedRange Project, located in Eastern Pilbara, Western Australia.

Project highlights:

  • Thor drilled 48 reverse circulation (“RC”) holes totalling 3,120m at Ragged Range over the last three weeks.
  • Drilling tested both structural and geochemical targets along the Sterling Prospect 13km gold corridor, with 11 drill traverses completed ( Figure 1).
  • Drilling targeted interpreted dilational zones associated with faulting and folding along the regional thrust faulted contact between the mafic and ultramafic units.
  • The drilling program also included 1 drillhole at the Krona Prospect to test the electromagnetic (“EM”) conductor recently identified beneath the nickel gossan (ASX: THR 17 June 2022). T his hole has been cased in preparation for a Downhole Electromagnetic Survey (DHEM).
  • Assays have been expedited to a laboratory in South Australia, with results anticipated in August 2022

Thor has successfully completed its second phase of drilling at the Sterling prospect, testing several exciting structural targets associated with complex faulting and folding along the 13km gold corridor. We were pleased to also drill test the Krona nickel-copper Fixed Loop Electromagnetic target as part of this drilling program.“We now eagerly await assay results and look forward to updating the market as results come through

- 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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