Thor Mining PLC (LON:THR) has highlighted what it says are “very encouraging” results from sample assays at its Pilbara goldfield tenements in Western Australia.
The AIM-listed explorer reported three samples had assayed above 0.3 grammes per tonne (g/t) of gold, while one assay had reported 0.9 g/t.
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The results had also retuned anomalous nickel and chromium of 1,272 parts per million (ppm) and 2,074ppm respectively.
Thor said the results will provide “further support for gold potential” at the site as well as identifying the possibility for nickel and chrome.
Mick Billing, Thor’s executive chairman, said the results from the reconnaissance survey were “very encouraging” and offered “plenty of follow up targets, focussing on gold, nickel & chrome".
"The elevated nickel & chrome samples either side of the ultramafic ridge on the western side of the licence area is particularly intriguing", Billing said, adding that the company’s next phase of work is likely to comprise detailed stream sediment and soil sampling to confirm and extend the results.
Thor shares were steady at 0.4p in mid-morning trading on Thursday.