Thor Mining Plc (AIM, ASX: THR) has identified high-grade gold in initial drill results from Kelly’s Ridge Prospect, Ragged Range, located in the Eastern Pilbara, Western Australia.
Project highlights:
▪ Drilling returns high-grade gold from the silicified altered contact along Kelly’s Ridge. Previous rock chip sampling at surface reported up to 15g/t Au and 535g/t Ag. Historical drilling reported 1.5m @ 22.97 g/t Au below these rock chips and four holes were designed to intersect this anomalous zone at depth.
▪ Best intercept to date of 4m @ 12.2g/t Au from 194m (22RRC0052).
▪ Only selected gold results received to date. Expecting all gold and multi-element assay
data over the coming weeks.
▪ This first round of gold-only assays come from a few selected intervals in the first four holes of the 10-hole programme, showing strong alteration as seen in the chip tray photo below.
“We are delighted to share these high-grade intercepts from Kelly’s Ridge,” Managing Director, Nicole Galloway Warland, said.
“The intercept of 4m @ 12.2g/t Au is an exceptional result under Kelly’s Ridge, especially given the depth of the 194m downhole, showing excellent grade continuity from the surface.
“This confirms the potential of the site as indicated by historical drilling. Furthermore, with more drilling results to come, we are looking forward to gaining further understanding of the project. We anticipate more positive news to be shared with the market in due course.”
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 E46/1393
Kelly’s Prospect
The first results of gold-only assays from a small portion of the Kelly’s Ridge drilling have been received from the recently completed RC drilling programme at Kelly’s Prospect.
Drilling at Kelly’s Ridge was multi-purposed: it was designed to test below the high-grade rock chips returning up to 15g/t Au and 535g/t Ag along the one km silicified ridge at the contact between the Boobina Porphyry and Euro Basalt; as well as testing below and along strike of the historic drillhole (DDHK21), that intersected 1.5m @ 22.97g/t gold located at the porphyry-basalt contact.
Gold-only results (awaiting multi-element results) from sections of the first four drillholes confirmed gold mineralisation associated with silicification and sericite-sulphide alteration at the contact between the Boobina Porphyry and the Euro Basalt.
Significant results received to date include (greater than 0.8 g/t Au):
• 4m @ 12.2g/t Au from 194m (22RRC052)
• 1m @ 0.91 g/t Au (repeat 1.2g/t Au) from 40m (22RRC049)
This small reconnaissance program included six holes along Kelly’s Ridge, two below the historic Kelly’s copper mine and two at Kelly’s NE gold target.
Results for all gold and multiple element assay data are anticipated over the next few weeks.
Next Steps
The following activities and results at Ragged Range are anticipated over the coming weeks:
1. Report of full assay results from the Kelly’s drilling programme.
2. Report of Platinum Group Elements (PGE) results from the Krona Nickel drillhole – 22RRC045 – associated with the 66m @ 0.2% Ni from 81m.
3. Continue regional exploration, including reconnaissance sampling over ground in the northern portion of tenure for prospective lithium-caesium-tantalum enriched (LCT) pegmatites.
For further information please visit: https://thormining.com/