Thor pans visible gold at Ragged Range, shares fly
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Special Report: Pilbara explorer Thor Mining (ASX:THR) is picking up visible gold in stream sediment sample panning as it narrows down targets for drill testing at the Ragged Range project.
Investors loved the news, sending Thor up +70 per cent to its highest point since December 2018.
The Gold , Copper, Tungsten, Uranium stock has now gained +330 per cent over the past six months.
13 of the 54 stream sediment sites had visible gold in panning, which looks like this:
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 is] another step closer in the process of narrowing down Ragged Range drill target selection, with visible gold again found in the stream sediment samples consistently along the 13km corridor of anomalous gold,” exec chairman Mick Billing says.
“We look forward to the laboratory assays from this work [and] also to receiving the results from and interpretation of the airborne magnetic survey recently completed.”
Subject to the geochemical results, and the recently flown airborne magnetic survey, a soil sampling program is proposed over priority targets within the 13km gold trend prior to drill testing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.