Special Report: Thor Mining’s (ASX:THR) greenfields Pilbara tenements are “strongly anomalous for nickel”, early exploration results show.

Gossan rock chip sampling at Thor’s Pilbara Goldfield tenements indicate the gossan — the ‘outcrop’ of a mineral vein or orebody — is strongly anomalous for nickel over the entire 900m length.

The gossan is between 70 and 100m wide, although the full width is “obscured by steep slopes and scree”, the company says.

All 49 rock chip samples were anomalous for nickel, with a peak value of 2,678 parts per million (ppm) nickel. Chromium also averaged 1,230 ppm across the 49 samples.

Assays for gold in stream sediment samples — also collected in this program — are expected shortly.

This is shaping up as a nickel bearing system of relatively impressive size, Thor executive chairman Mick Billing says.

“These nickel and chromium assays are very encouraging, and are well worth follow up programs,” he says.

“The next phase of work will be a review of existing geophysical data, and potentially additional geophysics, to provide definition of potential drill targets.

“We also look forward eagerly to confirmatory gold assays from the stream sediment samples collected which contained visible gold in 17 of the 32 samples collected.”




This story was developed in collaboration with Thor Mining, a Stockhead advertiser at the time of publishing.

This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.