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Dundas Gold Project - Completion of Drill Program
Dundas Gold Project - Completion of Drill Program.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4738I Thor Mining PLC 19 June 2017 \n\n19 June 2017\n \nTHOR MINING PLC\n \nCOMPLETION OF BEDROCK GEOCHEMISTRY DRILL PROGRAM AT THE DUNDAS GOLD PROJECT - WESTERN AUSTRALIA\n \n \nThe Directors of Thor Mining PLC (\"Thor\" or the \"Company\") (AIM, ASX: THR), are pleased to advise completion of the bedrock geochemistry drilling at the Dundas Project in southern Western Australia.\n \nMr Mick Billing, Executive Chairman of Thor: \"All targets on this 50 hole program have been tested, with the program finishing inside both time and the estimated budget of A$100,000. We expect receipt of assays in several weeks and it is hoped that the results will show elevated gold levels in bedrock and warrant further deeper reverse circulation (RC) drilling.\"\n \nAbout the Dundas Project\n \nThe Thor Dundas Project is situated in Western Australia within the Albany-Fraser Province. The project tenement is situated in the prospective Albany-Fraser belt where the trend of the belt is displaced south-eastwards by about 50km co-incident with the general strike-extension of the most prolific gold-bearing belt of the Yilgarn Province - the Wiluna-Kalgoorlie-Norseman greenstone belt. The Albany-Fraser belt hosts a number of gold discoveries including the +8 million ounce Tropicana gold deposit, and other closer discoveries. \n \nThor Mining holds 60% equity in the Dundas project along with rights to increase that equity to 100%. \n \n \nEnquiries:\n\n\n\n\nMick Billing\n\n\n+61 (8) 7324 1935\n\n\nThor Mining PLC\n\n\nExecutive Chairman\n\n\n\n\nRay Ridge\n\n\n+61 (8) 7324 1935\n \n\n\nThor Mining PLC\n\n\nCFO/Company\nSecretary\n\n\n\n\nColin Aaronson/\nDaniel Bush/\nRichard Tonthat\n\n\n+44 (0) 207 383 5100\n \n\n\nGrant Thornton UK LLP\n \n\n\nNominated Adviser\n\n\n\n\nElliot Hance\n\n\n +44 (0) 207382 8300\n\n\nBeaufort Securities Limited\n\n\nJoint Broker\n\n\n\n\nNick Emerson / Andy Thacker\n\n\n+44 (0) 1483 413 500\n\n\nSI Capital Ltd\n\n\nJoint Broker\n\n\n\n\nTim Blythe/ Camilla Horsfall\n\n\n+44 (0) 207 138 3222\n\n\nBlytheweigh\n\n\nFinancial PR\n\n\n\n\n \nUpdates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these...