Thor Mining Plc (AIM, ASX: THR, OTCQB: THORF) has commenced a ground based electromagnetic geophysics survey over the nickel gossan now referred to as the Krona Prospect at the company’s 100% owned Ragged Range Project, located in the Eastern Pilbara, Western Australia.
Project highlights:
• A high-powered Fixed Loop Electromagnetics (FLEM) ground geophysics survey has commenced at Krona Prospect, extending over the untested nickel gossan located in the western portion of the tenure.
• The survey is designed to detect conductive anomalies at depth that may indicate the presence of nickel sulphide mineralisation.
• The nickel gossan is located at the basal conduct of the Dalton Suite ultramafic unit (altered Archean Komatiite) in the classic location for nickel sulphide mineralisation.
• Lithium: Concurrently the Thor team is on the ground mapping and sampling several lithium targets, including potential lithium-caesium-tantalum (LCT) pegmatites which have been identified within the prospective 10km radius of the Split Rock Supersuite at Thor’s Ragged Range Project.
• Gold: Final preparations are in place to commence the second phase of RC drilling at the Sterling Gold Prospect.
“Thor is excited to see the geophysics crew begin work on the ground after nearly one year of waiting for this survey to commence [as a result of WA border closure and high demand on geophysics crews],” Nicole Galloway Warland, Managing Director of Thor Mining, said.
“Geological mapping and sampling indicate that the gossan extends over 1km, with geochemistry highlighting anomalous nickel and chromium. The electromagnetic survey is expected to identify the most prospective areas of nickel sulphide mineralisation at depth to conduct initial drill testing and will take around one week to complete, with results to follow soon after.
“Concurrently, we are working to map and sample several targets prospective for lithium identified within a 10km radius of the Split Rock Supersuite at Ragged Range as well as finalising preparations to commence RC drilling at the Sterling Gold prospect, following up on structurally controlled anomalous gold in streams and soils.”
The Ragged Range Project, located in the prospective Eastern Pilbara Craton, Western Australia, is 100% owned by Thor Mining – covering E46/1190, E46/1262, E46/1355, E46/1340 and recently granted E46/1393.
Next Steps
Whilst the FLEM survey is underway, the Thor geological team are progressing:
• The investigation of all small granitic and pegmatitic bodies in the lithium target area, focusing on the prospective 10km halo of the Mondana Monzogranite, part of the Split Rock Supersuite (E46/1262, E46/1190, E461393 and E46/1340)
• Preparationsfor RC drilling at the Sterling Prospect following up on structurally controlled anomalous gold in streams and soils.
• An Airborne magnetic/radiometric survey, scheduled to be flown over the eastern portion of the tenure (including E46/1340 and E46/1393) in the near future.
For further information please visit: https://www.thormining.com/
