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FOLLOW UP GOLD SAMPLING AT RAGGED RANGE
FOLLOW UP GOLD SAMPLING AT RAGGED RANGE.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9011B\n Thor Mining PLC\n 13 October 2020\n \n \n \n \n 13 October 2020\n \n \n THOR MINING PLC\n \n \n PILBARA GOLDFIELDS - FOLLOW UP GOLD SAMPLING AT RAGGED RANGE\n \n \n The directors of Thor Mining Plc (\"Thor\") (AIM, ASX: THR) are pleased to advise the completion of the third phase of gold geochemistry reconnaissance at the 100% owned Pilbara Goldfield tenements (E46/1262 and E46/1190) in Western Australia. \n \n \n The program was designed to follow up previously reported success from stream sediment samples collected across the tenements, which defined a highly anomalous 13km long gold target zone, with gold values up to 256ppb (19PST 19F -AR25) and 130ppb (20PST 24F-BLEG); (\n \n https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200902-asx-rr-gold-sample-results.pdf\n \n ).\n \n \n \n \n \n Highlights:\n \n \n \n The geochemical program focused on follow up stream sediment gold results, with sampling upstream toward potential source rock, with some additional reconnaissance sampling and one traverse sampled (sediment and rock chip) across the stratigraphy in the anomalous areas (Figure 1).\n \n \n Sampling conducted primarily within the 13 km gold corridor (target zone) trending NW-SE along the mafic/ultramafic thrust faulted contact (Figure 1).\n \n \n The geochemical samples are currently in transit to the Perth laboratory, with assay results anticipated mid-November.\n \n \n The close spaced airborne geophysical survey (airborne magnetics) flown over the full tenure as previously announced is now completed with data processing and modelling underway. (\n \n https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20201006-asx-mag-survey.pdf\n \n ). \n \n \n \n \n \n \n Mick Billing, Executive Chairman of Thor Mining, commented: \n \n \n \"We will continue to aggressively work towards drill target selection at Ragged Range, and this sampling program, along with the airborne magnetic survey just completed, is aimed at achieving that objective.\"\n \n \n \"We look forward to providing progress updates on Ragged Range, and other projects in the Thor portfolio, as information becomes available.\"\n \n \n \n Gold Anomalism\n \n \n Approximately five anomalous sample zones (based on 2019 and 2020 sampli...