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I joined it late, so not sure if I missed any news.
Molyhil has some more potential than I had realised - but I think that's surely all in the existing releases & I just hadn't 'digested' it previously.
There was a status update on the Wedding Bell permits... which was to expect a status update from the company about those in a couple of weeks. It's just a longer process than expected, but nothing is going wrong with the permit process. Giving dates was avoided, perhaps the update in two weeks will be to provide dates.
A good investor webinar from Nicole. Lots of news events to come in the next few months it seems. Wish I had more funds to top up.
Good stuff. Let's see what we get!
drilling commences.....Ragged Range here we come along with other projects..... still sub 1p...crazy
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"After a series of successful and systematic stream and soil programs it is exciting to be commencing our maiden RC drilling program at the Sterling Prospect, Ragged Range.
These are robust geochemical targets in the central portion of the Sterling Prospect, within the highly prospective 13km structurally controlled gold anomalous corridor, defined by Thor associated with the mafic -ultramafic contact within the Kelly Greenstone Belt. With the program anticipated to take 4 to 6 weeks, drill results are expected from early November 2021."
> DLC up 20% on the update.
Reuters description of DLC: About Delecta Ltd
Delecta Limited is an Australia-based company engaged in wholesale distribution of adult products and mining exploration and evaluation.
wut?
and
Can we expect Thor to get and stay above 1p without a business unit that can ship uranium-powered glow-in-the-dark dildos?
Hi, snooz
"Energise" was a misprint for "enervate."
Best wishes
For this stock to get to 3p+ we need a discovery at Ragged Range. Looking forward to next week when they should start drilling!
https://www.proactiveinvestors.co.uk/companies/news/214114/thor-mining-s-gold-assets-energise-the-share-price-214114.html . I saw the headline "Thor Mining's gold assets energise the share price" and got excited immediately checked what's happening - sadly it's just fake news - unless "energise" has some meaning I'm not aware of.
RC89, let's hope you are right because it has been a long, long wait. SP constantly struggles.
The company has changed senior management including Billing's departure but they are still a junior mining exploration company with no suitors or anyone prepared to dig out any of their mineral projects despite being in business for 17 years.
Its a long road being a LTH in Thor especially over the last decade or so,
Commodities getting hammered over and over again and mb's broken promises.
Now commodities have hit record high's and Thor has new management,
Nicole yesterday was a guest at an ESG webinar 1500hr uk time which would be around midnight in Australia!
This indicates to me that she's extremely motivated borderline workaholic,
Things have definitely changed at Thor for the better.
We've also got Investor presentation early next week and Kupunda drill results end of next week or following week.
News flow on Pilot Mountain sale, Uranium permitting and other areas could drop any time.
Another solid RNS to keep the confidence going. With great results, drilling to commence next week and the ongoing excellent communications from Nicole and her gang........this is boding for a healthy kick up the backside on the sp. Next week here we come.
gl all as ever UNB1
Over the years Thor have developed a number of assets from early stage and sold them on to the benefit of the shareholders at the time. Pilot Mountain is the latest, a deal that's worth around £3m i think and update expected soome. Copper development is now fairly near term with the ISR model that have been largely funded by grants. I get the feeling that ragged range is another that is being slowly developed for sale with gold, copper and uranium becoming the focus for development with partners. The company does need to see a project through to development if it is going to move up to the next level. With the commodity prices so high that has now become more likely.
"To be fair, the company has changed in that time"
Yes I agree, it has and it hasn't. The company has changed senior management including Billing's departure but they are still a junior mining exploration company with no suitors or anyone prepared to dig out any of their mineral projects despite being in business for 17 years.
Rinse-Repeat over the last 5 years. SP will be a good indicator for how serious the market will take this. Let's see.
??
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