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Thor Mining releases update on Ragged Range Project

Published by , Editor
Global Mining Review,

The directors of Thor Mining Plc have provided an exploration update on the company’s 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia, including the first soil results from two reconnaissance soil surveys, at the Sterling Prospect.

Project highlights:

  • Gold in soil anomalism defined over 1.2km strike length (6 soil lines) and is open to the south and north in the central area of the Sterling Prospect, close to the Euro Basalt and Dalton Suite ultramafic contact.
  • Up to 114 ppb Au in soil samples in the central area of the Sterling Prospect. This is well above background and considered highly significant.
  • Thor Mining awarded AUS$160000 from the Western Australia Government under the Government EIS Co-funded grants program, to drill test stream and soil gold anomalies at the Sterling Prospect.
  • New tenement application E46/1393 covering recently surrendered mining lease, containing numerous historic copper-gold workings associated with the Boolina porphyry close to the Corunna Down Batholith. Historic production between 1955 – 1970, although small, was of very high grade (610t of ore averaging 19.47% copper).
  • Infill soils and geochemical data analyses continuing, with field mapping and regional soil and stream sampling program scheduled to commence shortly over priority targets within the anomalous 13 km gold trend to further delineate coherent gold trends prior to and concurrent with drill testing at the Sterling Prospect.
  • Further geophysics is being assessed across the Ragged Range tenement package to generate additional gold, copper and nickel exploration targets.

Nicole Galloway Warland, Managing Director of Thor Mining, commented:

“These latest results are very promising for Thor as the gold anomalism in soils supports the stream sediment results, with gold clusters and trends forming in the Sterling Prospect. This confirms the significant exploration potential for a quality gold discovery at Ragged Range.

“An old track into the prospect area is currently being upgraded to allow for the exploration teams to work independently without having to rely on helicopter support. This will speed up Thor’s field work and allow follow up soil sampling to be completed quickly and will also allow access for a drilling rig.

“We look forward to providing further updates on our continued progress.”

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Australian mining news Gold mining news