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Thor begins maiden drilling at Ragged Range
11th Oct 2021 14:50
(Sharecast News) - Thor Mining announced the start of the maiden drilling programme at its wholly-owned Ragged Range Project in Eastern Pilbara, Western Australia on Monday.
The AIM-traded firm said the 3,000 metre reverse circulation drilling programme was underway - the first ever drilling in the Ragged Range area to test robust gold anomalies.
It said up to 10 soil targets would be drill-tested at the Sterling prospect, with the drilling targeting Archaean shear-hosted gold adjacent to "significant" regional structures.
Thor had been awarded AUD 0.16m (£0.12m) by the Western Australian government under its EIS co-funded grants programme to drill test stream and soil gold anomalies at Sterling.
"After a series of successful and systematic stream and soil programmes, it is exciting to be commencing our maiden RC drilling program at the Sterling Prospect, Ragged Range," said managing director Nicole Galloway Warland.
"These are robust geochemical targets in the central portion of the Sterling Prospect, within the highly prospective 13 kilometre structurally-controlled gold anomalous corridor, defined by Thor associated with the mafic-ultramafic contact within the Kelly Greenstone Belt.
"With the programme anticipated to take four to six weeks, drill results are expected from early November."
At 1354 BST, shares in Thor Mining were down 2.57% at 0.85p.
The AIM-traded firm said the 3,000 metre reverse circulation drilling programme was underway - the first ever drilling in the Ragged Range area to test robust gold anomalies.
It said up to 10 soil targets would be drill-tested at the Sterling prospect, with the drilling targeting Archaean shear-hosted gold adjacent to "significant" regional structures.
Thor had been awarded AUD 0.16m (£0.12m) by the Western Australian government under its EIS co-funded grants programme to drill test stream and soil gold anomalies at Sterling.
"After a series of successful and systematic stream and soil programmes, it is exciting to be commencing our maiden RC drilling program at the Sterling Prospect, Ragged Range," said managing director Nicole Galloway Warland.
"These are robust geochemical targets in the central portion of the Sterling Prospect, within the highly prospective 13 kilometre structurally-controlled gold anomalous corridor, defined by Thor associated with the mafic-ultramafic contact within the Kelly Greenstone Belt.
"With the programme anticipated to take four to six weeks, drill results are expected from early November."
At 1354 BST, shares in Thor Mining were down 2.57% at 0.85p.