Thor Mining provide Ragged Range exploration update

Project highlights

• Several lithium exploration targets have been identified at Thor's Ragged Range Project.
• The Pilbara Craton is highly prospective for lithium-caesium-tantalum (LCT) enriched pegmatites and hosts two ‘World Class’ deposits at Wodgina and Pilgangoora that formed close to the Split Rock Supersuite (2.85 – 2.83 million).
• Prospective LCT ground adjacent to the Split Rock Supersuite is identified in three areas covering the northern portion of Thor's tenure.
• The lithium potential on the Ragged Range Project area has not been previously considered.
• E46/1393 tenement located in the northeast over the Kelly copper-gold workings has now been granted, with this structurally complex region favourable for lithium enriched pegmatites.
• With E46/1393 granted, Thor plans to complete airborne magnetics and radiometrics over the north-eastern portion of the tenement package, with detailed geological mapping, pXRF analysis and rock chip sampling over the lithium targets, to determine pegmatite mineralogy and identify any lithium-caesium-tantalum minerals.

Nicole Galloway Warland, Managing Director of Thor Mining, commented: “Thor's recent geological review of the Ragged Range project, triggered by the granting of E46/1393, has identified exciting lithium-caesium-tantalum targets associated with the highly prospective Split Rock Supersuite. These new targets will be advanced as soon as possible and have the potential for significant exploration discoveries, while we continue drill testing further gold exploration targets at the Sterling Prospect.

“The Pilbara Craton already hosts two ‘world class’ lithium deposits, and ground with battery metals prospectivity at our 100% owned Ragged Range project is an exciting new development, and has the potential to create substantial value for Thor shareholders.”

Next steps

In parallel to the gold exploration activities at the Sterling Prospect, the following lithium work program is planned:

1. Airborne magnetic/radiometric survey to be flown over the eastern portion of the tenure including E46/1340 and E46/1393.
2. A detailed review of all available high-resolution imagery and aster data, to see if the presence of pegmatites can be visually detected.
3. Reconnaissance stream sediment sampling and prospecting along the contact of the Mondana Monzogranite (E46/1262, E46/1190, E461393 and E46/1340), with detailed sampling,
   • In the higher ranked ground in the northern corner of E46/1262.
   • The structurally more complex area of E46/1393.
   • The small slice of greenstone within the Mondana Monzogranite on E46/1340.
4. Investigation of all small granitic and pegmatitic bodies in the target area. Lithium is detectable on XRF and will fluoresce in UV light. Positive samples can then be assayed for lithium and key pathfinder elements including Ce, Rb, Sn, Ta and W.

Read the article online at: https://www.globalminingreview.com/exploration-development/27012022/thor-mining-provide-ragged-range-exploration-update/