Drilling at Ragged Range. Source: Thor.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Thor Mining (THR) completes drilling at its Ragged Range Project in Eastern Pilbara, Western Australia
  • The company completed 48 reverse circulation holes over the last three weeks to interpret the zones between the mafic and ultramafic units at the Sterling prospect
  • Samples from the drill holes have now been sent to a laboratory in South Australia with results expected next month
  • THR shares are in the grey and trading at one cent at 2:01 pm AEST

Thor Mining (THR) has completed drilling at its Ragged Range Project in Eastern Pilbara, Western Australia.

The company completed 48 reverse circulation holes, for 3120 metres, over the last three weeks.

Drilling aimed to interpret the zones between the mafic and ultramafic units at the Sterling prospect. The drilling also included one drill hole at the Krona Prospect to test the electromagnetic conductor recently identified beneath the nickel gossan.

Samples from the drill holes have now been sent to a laboratory in South Australia with results expected next month.

“Thor has successfully completed its second phase of drilling at the Sterling prospect,
testing several exciting structural targets associated with complex faulting and folding
along the 13-kilometre gold corridor,” Managing Director Nicole Galloway Warland said.

“We now eagerly await assay results and look forward to updating the market as results
come through.”

On the market, THR shares were in the grey and trading at one cent at 2:01 pm AEST.

THR by the numbers
More From The Market Online

Streamplay enters into Middle East market via UAE gateway

Gaming and tech provider Streamplay is set to formally enter the UAE market with the launch…

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Prominence Energy has seen shares rise 33% on news of uranium grading up to 5,269ppm from…

Peninsula Energy’s Ross Central Plant expansion on track at Lance Projects, US

Peninsula Energy and its wholly owned subsidiary, Strata Energy have provided an update on the construction…