Thor lays groundwork for big gold drilling program at Ragged Range
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Special Report: Thor Mining (ASX:THR) is working “aggressively” to pinpoint drilling targets within a 13km long gold anomaly at its Ragged Range project in WA.
The third phase of a gold geochemistry sampling program at Ragged Range, in the Pilbara region, is now complete.
The program was designed to follow up previously reported success from stream sediment samples collected across the tenements, which defined a highly anomalous (low grade) 13km long gold target zone.
Thor sampled upstream toward the potential source of all this anomalism.
The geochemical samples are currently in transit to the Perth laboratory, with assay results anticipated mid-November.
A close spaced airborne geophysical survey flown over the entire project is now completed, with data processing and modelling underway.
This survey will also play a key role in the selection of targets for drill testing.
“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,” Thor exec chairman Mick Billing says.
“We look forward to providing progress updates on Ragged Range, and other projects in the Thor portfolio, as information becomes available.”
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.