Thor Mining defines eight new drilling targets at Sterling prospect
A maiden reverse circulation drilling programme at Sterling due to start next week
Company
LON:THR
Thor Energy PLC is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. The company has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Thor Energy's projects are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.
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A maiden reverse circulation drilling programme at Sterling due to start next week
Thor Mining has a diverse portfolio of exploration assets, including significant exposure to uranium
Thor has several projects moving ahead rapidly at present
It was another bumper week for small cap mining news in London
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"It's great to see mineral exploration collaborations between industry, government and research organisations," said Nicole Galloway Warland
Potter has been a board director since August 2019
The company thanked its longstanding head of the company for his significant contribution
Thor has a long track record of exploration work in Australia
"These initial copper and gold grades, wide intercepts and increased depth of weathering are all very encouraging for In-Situ Recovery (ISR).”
It placed about 123.1mln shares at a price of 0.65 pence each
Paul Wittwer will be working on the Alford East and Ragged Range projects.
Maiden diamond drilling programme at Alford East remains on time and on budget
Thor has an 80% interest in the Alford East project
The results confirm the significant exploration potential for a quality gold discovery at Ragged Range
The project is located on licence EL6529, where Thor can earn up to an 80% interest from unlisted Australian explorer Spencer Metals
This is the third successful government grant Thor has received this year
“The successful grant is a strong endorsement of the technical merits of the project by the South Australian Government"
The company is well-funded for drilling and is focused on copper resources along with gold & uranium discoveries.
"This work will have a significant impact on the value of shareholders' investment in Thor Mining"