Thor Mining completes Ragged Range drilling programme

Project highlights:

• Thor drilled 48 reverse circulation (RC) holes totalling 3120 m at Ragged Range over the last three weeks.
• Drilling tested both structural and geochemical targets along the Sterling Prospect 13 km gold corridor, with 11 drill traverses completed.
• Drilling targeted interpreted dilational zones associated with faulting and folding along the regional thrust faulted contact between the mafic and ultramafic units.
• The drilling programme also included one drillhole at the Krona Prospect to test the electromagnetic (EM) conductor recently identified beneath the nickel gossan. This 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 – September 2022.

Nicole Galloway Warland, Managing Director of Thor Mining, commented: “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 13 km gold corridor. We were pleased to also drill test the Krona nickel-copper fixed loop electromagnetic (FLEM) target as part of this drilling programme.

“We now eagerly await assay results and look forward to updating the market as results come through.”

RC drilling programme

Sterling Prospect

48 drillholes totalling 3120 m were drilled along the Sterling Prospect 13 km structural gold corridor, with drill holes generally angled 60° toward the west, near perpendicular to the structural controls of the dominant faulted contact between the Euro Basalt and the Dalton Suite ultramafics. Drill depths range from approximately 60 – 170 m.

This second phase of drilling tested interpreted dilational zones (potential trap sites for mineralisation and the potential source of the gold anomalies found in stream and soil samples). Surface anomalism is associated with a series of faults and folds, subparallel or at a high angle to the regional thrust faulted contact (Norman Cairns Fault) between the Euro Basalt and the Dalton Suite ultramafics along the Sterling Prospect 13 km gold corridor.

Krona Prospect

As part of the drilling programme, one drill hole was drilled into the FLEM conductor identified below the nickel gossan at Krona Prospect. This hole has been cased in preparation for DHEM survey.

DJC Drilling Pty Ltd completed drilling programme. Drill samples are being freighted to Bureau Veritas laboratory in Adelaide, South Australia, for analysis with assay results anticipated in August.

Read the article online at: https://www.globalminingreview.com/exploration-development/11072022/thor-mining-completes-ragged-range-drilling-programme/