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Electromagnetic Conductor Beneath Nickel Gossan
Electromagnetic Conductor Beneath Nickel Gossan.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n 20 September 2022\n \n \n \n \n \n \n \n \n Thor Mining PLC\n \n \n \n \n \n (\"Thor\" or the \"Company\")\n \n \n \n \n \n \n \n Off-hole Electromagnetic Conductor identified beneath Nickel Gossan\n \n \n \n \n The directors of Thor Mining Plc (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce that anomalous nickel assays results from RC drilling have been returned and that an off-hole conductive anomaly has been identified from a subsequent down-hole electromagnetic geophysics survey at the Krona Prospect, within the Company's 100% owned Ragged Range Project, located in the Eastern Pilbara, Western Australia.\n \n \n \n Project highlights:\n \n \n \n ·\n The shallow conductor, identified from the recent high-powered Fixed Loop Electromagnetics (FLEM) ground geophysics survey beneath the nickel gossan at the Krona Prospect, was drill tested with one RC drill hole, returning:\n \n \n o \n 22RRRC045:\n \n 66m @ 0.19% nickel\n \n from 81m\n \n \n ·\n The drill hole intersected the edge of the modelled FLEM conductor.\n \n \n ·\n A down-hole electromagnetic (DHEM) geophysics survey was completed and revealed an off-hole conductor consistent with sulphides and warrants drill testing to validate.\n \n ·\n The nickel gossan is located at the basal contact of the Dalton Suite ultramafic unit (altered Archean Komatiite) in the classic location for nickel-copper sulphide mineralisation.\n \n \n \n \n \n \n 22RRRC045 looking NE\n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/9339Z_1-2022-9-19.pdf\n \n \n \n \n \n Nicole Galloway Warland, Managing Director of Thor Mining, commented:\n \n \n \n \n \"I am encouraged that the down-hole geophysics survey at the Krona Prospect, Ragged Range has identified an off-hole electromagnetic conductor, and that the target is genuinely anomalous for nickel with assay values above background lithological values. This result warrants further drill testing to confirm this understanding.\n \n \n \n \n \"We are currently designing a drilling program at the Kelly's Prospect following up the high-grade gold in rock chips.\"\n \n \n \n \n \n Next Steps\n \n \n \n §\n Samples have been submitted for assay of Platinum Group Elements (PGEs).\n \n \n §\n Design follow-up drill holes to target the DHEM conductor.\n \n \n §\n Awaiting drill assay from...