Thor finds more evidence of gold in the Pilbara
Special Report: Thor has uncovered more evidence of anomalous gold at its Ragged Range project in the highly fertile Pilbara region of Western Australia.
Anomalous gold results in historical stream sediment samples collected in the 1990s by Great South Mines have been found to correlate with the results from two recent geochemistry programs undertaken by the company.
Thor Mining’s (ASX:THR) work had delineated a 13km gold target zone along the eastern thrust faulted mafic/ultramafic contact.
Widespread gold anomalism is also prevalent across the adjoining tenement, which is under application by Thor.
Executive chairman Mick Billing says that finding further evidence of anomalous gold along the 13km target zone is very encouraging.
“Evidence of anomalous gold within the new licence application area, also adds potential value to the total Ragged Range suite of tenements,” he added.
“We look forward to the results of the airborne magnetic survey in progress, and the next phase of sampling, scheduled to begin shortly.”
Thor’s airborne magnetic survey will cover the entire tenement package over Ragged Range to pinpoint high priority targets for follow-up.
This survey and the upcoming rock chip sampling will play a key role in the selection of targets for drill testing.
Ragged Range covers 92sqkm on the eastern boundary of Greatland Gold’s Panorama project.
This article was developed in collaboration with Thor Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.