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Thor Mining PLC - Australia-focused exploration and development company- Says it has drilled 48 reverse circulation holes totalling 3,120 metres at Ragged Range located in Eastern Pilbara, Western Australia, over the last three weeks. It says assay results are expected in August to September.
Thor says drilling tested "both structural and geochemical targets along the Sterling Prospect 13 kilometre gold corridor, with 11 drill traverses completed". The campaign also included 1 drillhole at the Krona Prospect to test the electromagnetic conductor recently identified beneath the nickel gossan.
Thor Mining Managing Director Nicole Galloway says: "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."
Current stock price: 0.52 pence, 11% in London on Monday
12-month change: down 38%
By Xindi Wei; xindiwei@alliancenews.com
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