Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Seem to remember Nicole being very confident that the delayed second set of Sterling drilling campaign was going to be of a higher grade than the disappointing first drill of late 2021. Rather misleading to say the least don't you think?
19691.... is this suppossed to be a year? 1969 ?
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"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."
Im 50% down, im hoping to break even and then reduce my holdings here.
For some reason I am just not feeling it, may be I will feel different with the SP back around my 1p entry.
This is a speculation mind, hold tight.
Like PURE GOLD and Sprott/Ashanti all that capital they put into it- well that went bad and I dumped those shares ages ago and now look at it today that's really bad!!! We make judgements on the known or based on what we believe others know that we do not - sometimes rightly sometimes wrongly - such is the game. I still like Thor because of what it does have and what it will have and what it could have.
Hi, Snooz
I'm a great admirer of Paul Johnson, and hold POW (as well as Thor and OMI). But he doesn't get everything right. He sold masses of GGP just before they took off. Let's hope he's making the same mistake here.
Paul Johnson used to be second on this list https://www.marketscreener.com/quote/stock/THOR-MINING-PLC-39432762/company/ with 44,682,807 shares. Looks like he sold in the first half of August. Was there any news or commentary about that? I liked this show-of-faith from him/Power Metals, shame he divested.
Well could be anything that constitutes a material thing. But the time relevant twit post seems to infer it's something to "look forward to." https://twitter.com/ThorMining/status/1583323914268069888?cxt=HHwWgMCipcKtjPkrAAAA
Latest post on LinkedIn , might be time to strap up, could get very interesting from now on. https://www.linkedin.com/posts/thor-mining-plc_dayinthelife-uranium-copper-activity-6989089607317430272-MUFv?utm_source=share&utm_medium=member_android
more likely a holding strategy one would guess. This is Thor remember. That said... we only need to hit decent uranium grades and the rest of the portfolio won't matter.
So do we think there will be a material update on one or more projects before this presentation? Or is this a holding strategy as they're awaiting news on many fronts?
I think it has been posted where THR have replied to a Tweet asking for patience.
They were locked down hard during the pandemic there, Id say it has set us back considerably maybe a year or two. There is also the conflict in Ukraine and we seem to going into a world economic crisis.
We thought there would be a constant news from all the great projects Thor has from August onwards to support the share price. The opposite has happened.
Remember last year with the first drill of the Sterling campaign. All went quiet for a very long time. Then they said they had a broken drill.
The wait is now excruciatingly long for results to come out for the second Sterling campaign.
With the delays at the labs, I put it to Nicole that we won't expect results back from the Kelly's project until the New Year, she didn't reply.
Then dangling Molyhil as a JV. I remember Mick was going on a tour of South East Asia (South Korea) to drum up interest. This still might be possible as there was an article about Almonty push Tungsten for battery materials.
Then Alford East, silence.
Envirocopper silence apart from funding from OZ Minerals.
Króna project, still awaiting on analysis
Finally the Uranium projects in the US. Hopefully their labs over there xan cope with the analysis & report back promptly.
All in all, Thor gave some great projects and potential, hopefully frustrated shareholders will see significant increase in value of the stock in the latter half of 2022.
It has heen far from a geeat year for Thor shareholders. Now is the time to deliver.
OK so now this, obvious EU omission to sanctions, is being focused on we could see a boost to the value of the USA wildcard. https://www.youtube.com/watch?v=UoSZ5UJHczI
This thread contains a lot about the recent drilling
https://ggpchat.co.uk/viewtopic.php?t=381&sid=165e7f9af391d6d44726a222703e8404
Check out the other threads regarding neighbours licences in the surrounding area.
Panorama- Ggp to the west
Opaline Well - Westar further west
Nova Resources - to the east
Calidus - numerous licences to the north
Lot going on at Westar, geology very similar to Thors and Ggp licences
I would have thought there would be a lot of excitement here about drilling around and under the old Kelly’s copper mine.
Fantastic grades have been mined from here in only a small section of stope.
A description of the geology and mine from Mindat
“A porphyry copper deposit located approximately 50 kms north-west of Nullagine. Sporadic north north-west trending mineralisation along a length of 600 metres, developed in quartz veins along shears cutting feldspar porphyry. Primary mineralisation is pyrite and chalcopyrite in quartz veinlets, or disseminated in host chlorite and sericite altered quartz feldspar porphyry.
The porphyry is highly fractured, and brecciated, containing mafic fragments, in contact with the Boobina porphyry. The stope present is in a shear zone, with quartz veins, Cu staining limonite veins and lenses several centimetres thick. The oxidised zone contains malachite, azurite, cuprite, chrysocolla, with further bornite and chalcocite in the supergene zone, with the primary zone containing pyrite, and chalcopyrite in quartz, sericite and chlorite.
Production between 1955 to 1970 of 609.69 tonnes of cupreous ore averaging 19.47% Cu by various parties. When inspected in the mid 1970's there was a collapsed stope, 1-3 metres wide, and 25 metres long, as well as a shaft down to 18.5 metres at the southern end, and another shaft at the northern end.”
https://www.mindat.org/loc-122951.html
That’s an average of 19.47% , that’s a really high grade.
Bornite normally contains around 65% of copper
While Chalcopyrites contain about 35%
The average high grade suggests Bornite but the mentioning of a supergene also suggests concentration of minerals in a layer due to being weathered downwards as at Winu
Im not selling until 2025.
…going on…6m and 12m trades…raise on the horizon or just folks having had enough???
Ive been hearing that for about 3 years now
Any investment in small mining/exploration stocks requires some patience, lets hope our patience is rewarded.
A question was asked about lack of info on Sterling prospect.
Here's the response to my question. https://twitter.com/ThorMining/status/1579252005360410624?t=KiBOPGvWWXCddCy4nBE-OQ&s=19
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"We are very pleased to report that a 2,000m drilling program is now underway at the Kelly's Prospect at Ragged Range. Historically, exploration activities across the area have only focused on copper, despite encouraging gold indications, such as a 1.5m @ 22.97g/t Au intercept drilled in 1969.
"This program intends to improve our understanding of the structural controls of the Prospect and follow up on our rock chip sampling, which took place earlier in 2022 and returned up to 15.5 g/t Au and 535g/t Ag.
"Meanwhile, in the US, the maiden 2,000m drilling program at priority targets across the Wedding Bell and Radium Mountain Projects is progressing well.
"We look forward to providing further updates in due course."