Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) has released a comprehensive update of its exploration activities in Australia and the USA.
"The December quarter saw Thor increase its on-ground exploration activities with concurrent drilling programs at Ragged Range gold project, Western Australia and Molyhil Critical Minerals Project, Northern Territory, whilst advancing the drill permit process for Wedding Bells Uranium Project, USA,” said Thor’s managing director Nicole Galloway Warland.
“Although no significant gold was intercepted in the maiden RC program at the Sterling Prospect, Ragged Range, this is only the start of our gold campaign at Ragged Range, with some of the best ground yet to be tested. Elevated pathfinder elements and broad zones of alteration are positive indicators that we are in close proximity to the gold source.”
Meanwhile, Thor's recent geological review of the Ragged Range project, triggered by the granting of a new licence there, has identified exciting lithium-caesium-tantalum targets associated with the highly prospective Split Rock Supersuite.
“We are currently designing our 2022 field program, with further drilling to complete the original and test new targets identified at the Sterling prospect, with geophysics, comprising airborne and ground surveys, and geochemical sampling and mapping programs planned over our additional gold, nickel and lithium target areas,” continued Warland.
“The new lithium targets will be advanced as soon as possible and have the potential for significant exploration discoveries, while we continue drill testing further gold exploration targets at the Sterling prospect. We are excited with the new discovery at our Molyhil critical metals project, with drilling validating an interpreted mineralised magnetic target, developed from 3D modelling - a new geological concept for the project.”
Elsewhere, pump testing of the initial water bore at Alford East project has shown favourable water characterisation and permeability for potential in-situ copper-gold recovery.
Permitting is also progressing well at the Wedding Bell uranium Project in the USA.