Thor Mining provides Ragged Range gold exploration update

Project highlights

• Due to mechanical issues, only 50% of the planned maiden reverse circulation (RC) drilling programme completed at the Sterling prospect.
• Significant sulphides (pyrite, chalcopyrite, sphalerite), quartz veining and sericite-pyrite-fuchsite alteration identified, characteristic of gold mineralisation in the East Pilbara Craton.
• Low grade gold in 3 m composites and pathfinder elements will assist to vector in on stream and soil gold source.
• Thor is targeting Archaean structurally controlled lode gold mineralisation hosted in basaltic and ultramafic rocks of the Warrawoona Group, within the 100% held Kelly greenstone belt.
• Thor plans to complete the planned drilling programme at the Sterling prospect whilst undertaking further geophysics, mapping and geochemical sampling over additional gold, nickel and lithium targets in the project area.

Nicole Galloway Warland, Managing Director of Thor Mining, commented: “Due to mechanical issues, only half of the planned drilling program at the Sterling prospect has been completed, with 50% of the strong gold anomalies therefore remaining untested. Although no significant gold was intercepted in the maiden RC programme, this is only the start of our gold campaign at the prospect, with the best ground yet to be tested. Elevated pathfinder elements and broad zones of alteration are positive indicators that we are in close proximity to the gold source.

“We are currently planning our 2022 field programme, with further drilling to complete the original program and new targets identified at the Sterling prospect. Geophysics (airborne and ground surveys) and geochemical sampling programs are planned over our additional gold, nickel and lithium target areas. Permitting is progressing well at our Wedding Bell Uranium Project in the US and we hope to update the market in the coming weeks, along with the assay results from our recently completed successful diamond drilling at the Molyhil critical minerals project in the Northern Territory.”

Next steps

Thor is planning follow up drilling at Sterling prospect completing the planned programme and targeting the fault contact in the area between Sterling Central and Sterling South.

In addition, an airborne magnetic/radiometric survey will be flown over the eastern portion of the tenure including E46/1340 and E46/1393, ground 'fixed loop' electromagnetics (FLEM) is scheduled over the nickel gossan, whilst geological mapping and geochemical sampling is planned over additional gold, nickel and lithium targets in the project area.

Read the article online at: https://www.globalminingreview.com/exploration-development/25012022/thor-mining-provides-ragged-range-gold-exploration-update/