Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) told investors it is encouraged by the findings of a new survey of the Krona prospect, part of the Ragged Range project in Western Australia’s Pilbara region.
The company, in a statement, said that its recently completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect has identified a conductive anomaly.
It is described as a shallow conductor, is said to be consistent with sulphides, and warrants drill testing to validate. As such, it will be incorporated into an upcoming reverse circulation drill programme that’s due to kick off next week.
"I am encouraged that the first ground geophysics survey at Ragged Range has identified a shallow electromagnetic conductor,” said Thor managing director Nicole Galloway Warland.
“The target is modelled at around 100m below the surface, establishing it a clear drill target for the upcoming RC drilling program.
"We look forward to drill testing this anomaly as part of our RC drilling program, scheduled to commence at Sterling Prospect next week."