Business
AGM Statement
AGM Statement.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9362R\n Thor Mining PLC\n 10 November 2021\n \n \n \n \n \n \n \n 10 November 2021\n \n \n \n \n \n \n \n \n Thor Mining PLC\n \n \n \n \nAGM Statement\n \n \n \n \n \n Thor Mining PLC (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) announces that at the Company's Annual General Meeting (\"AGM\"), to be held at 10 a.m. (GMT) today, Thor's Managing Director, Nicole Galloway Warland, will make the following statement to shareholders:\n \n \n \n \n\"For the first time as Managing Director, I am delighted provide an update on progress across Thor's project portfolio at this year's AGM. 2021 has seen Thor make excellent strides in the development of its projects and brought us to an exciting moment where we have multiple drill programmes underway simulataneously. \n \n \n \n \nAt the Ragged Range gold project, located in Eastern Pilbara, a maiden 3,000m Reverse Circulation (RC) drilling campaign recently commenced, targeting eight high-quality gold anomalies in the central portion of the Sterling Prospect, along a structurally controlled 13km gold corridor. In May 2021, Thor was awarded A$160,000 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.\n \n \n \n \nAt the Alford East Copper-Gold ISR project in South Australia, we reported a number of high grade copper and gold intersections including 72.7m @ 1% Cu and 0.19g/t Au from 6.3m. Recently pump testing showed favourable water characterisation and permeability for the potential of In-Situ Recovery (ISR) of copper-gold mineralisation. Thor's use of the low-impact and sustainable ISR technique at Alford East is a testament to the Company's innovative vision and ESG values, and these pump test results will allow the Thor to progress the project towards ISR assessment and development.\n \n \n \n \nDrilling has also commenced at the Molyhil tungsten-molybdenum-copper Project, in the Northern Territory. This is to test a newly identified, large magnetic target adjacent to the known tungsten-molybdenum-copper mineralisation. The target is interpreted to be an offset of this mineralisation. In June 2021, Thor was awarded A$110,000 for Molyhil from the Northern Territory Government as part of the Resourcing the Territory, Geo...