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Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"The latest results from our surface geochemistry have defined eight new robust drill- ready targets at Sterling Prospect, Ragged Range.
These results confirm our geological model of shear hosted gold associated with the mafic-ultramafic contact.
The Directors believe that Ragged Range has significant exploration potential, with all the right ingredients to host significant gold deposits and we look forward to commencing our maiden RC Drilling program at the Sterling Prospect next week."
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wu4zxbwv%2FN1%2FLFiGug%3D
Here’s the link. DLC up 20% on the update. This is from old mines area, our prospect next door include virgin territory previously restricted land.
From Uglyboyscout on hot copper:
Interesting announcement from our neighbour Delecta (DLC) today that the samples from the REX Uranium Project (which is near THR Wedding Bell) exceeded the laboratory threshold due to radiation limits, hence an expected higher-grade uranium assays
Ragged Range Project, WA
New Gold Assays Define Drill Ready Targets
The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to
announce the latest soil results from the Company’s 100% owned Ragged Range Project,
located in Eastern Pilbara, Western Australia.
Project highlights:
? Gold in-soil anomalies define eight high quality drill-ready targets.
? High gold in soil values, including 348ppb Au (21RRS0777) and 153ppb Au
(21RRS437), identified in both the central and southern areas of the Sterling
Prospect. This is well above background (5ppb).
? Gold panned 100m down slope of sample 21RRS377 reporting 74.1g/t Au
21RRST016, in pan concentrate.
? Gold in soil anomalies extend materially, along strike at both the Sterling Central and
Sterling South areas, with zones over 1.2km in length and remain open to the north
and south.
? 3000m maiden reverse circulation (RC) drilling program scheduled to commence in
early October, designed to test these high gold soil and stream anomalies.
? Thor Mining awarded A$160,000 from the Western Australia Government under the
Government EIS Co-funded grants program, to drill test stream and soil gold
anomalies at Sterling Prospect.
? Infill soils and geochemical data analyses continuing, with field mapping and regional
soil and stream sampling programs to run concurrent with the scheduled RC drilling
program over priority targets within the anomalous 13km gold corridor at the
Sterling Prospect.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“The latest results from our surface geochemistry have defined eight new robust drill-
ready targets at Sterling Prospect, Ragged Range.
These results confirm our geological model of shear hosted gold associated with the
mafic-ultramafic contact.
The Directors believe that Ragged Range has significant exploration potential, with all the
right ingredientsto host significant gold deposits and we look forward to commencing our
maiden RC Drilling program at the Sterling Prospect next week.”
Scroll to the bottom of the page, price sensitive
https://www2.asx.com.au/markets/company/thr
Not an expert and it’s just a small update on the initial sampling work to identify drilling targets but it’s really encouraging. Usually see stream sampling around 50ppb in prospective areas so over 300 is really good. 74g/ton from a pan is really high too. Generally good indications and nice to see the grant mentioned in there too.
Much more important updates to come in the next few weeks.
Out now. Need the experts to say how good/bad/indifferent it is.
Announcement to be released re ragged range in a few minutes time according to Hot Copper.
I get the idea that they are now rationalising their activities to strategically focus resources (inclusive of obtaining appropriate people) into a direction that will lead to a REAL result - from there up up and away. Adpowers you missed Nickel (what last raise was for.)
Haha didn’t have time to list them all!
We’ve got an investor presentation on Monday and it’s been 2 weeks since the last one. What’s changed? I think we will find out this week.
BridgeDogg, actually the comprehensive list as I understand it is: Copper, Uranium, Vanadium, Tungsten, Gold and potentially Lithium if they look for it. These are all hot-ticket items.
I expect news is due imminently.
Ragged Range should be the next update hopefully this week or next week?
Thr isn’t getting the interest it deserves. There should be a buzz around this stock - copper and uranium - still flying under the radar… some news should jolt the market in our favour.
Holding pretty steady at this level, nice base to build from in anticipation of the Q4 news bonanza.
I'm too tight to pay for L2 data, but I did notice today that while the LSE bid-offer showed as 0.90-0.95 all day today (I don't think it changed at all?), there was small size offered at 0.923 and 0.928 by RSPs. I guess one or more of those 0.923's are yours goldbar2 (which as per Bridgedogg1 is through the mid).
If you've low broker fees, you may [continue to] find a series of smaller sizes gets a better average price than a single larger trade.
Went through slightly below the mid point so shows red, the system dies know if it’s a buy or sell just goes on price relative to the mid.
my buy is showing up as a sell!
We should have news on Ragged Range very soon.
@ThorMining Managing Director @GallowayWarland
is going to be part of an interesting #webinar hosted by the @LSEplc that will discuss the ESG opportunities and challenges for the mining sector #THR It's on next Wednesday at 2pm BST. ????Find out more here: http://ow.ly/aogj50Gj9bN
Seems like we are dropping a little behind the ASX which has been creeping up daily. Now at around 0.96 equivalent
A few things are brewing here, expecting an update before Monday’s interview. The Artemis connections also can not now be ignored.