- Thor Mining (THR) has launched a second phase of gold, nickel and chromium geochemical sampling at its wholly-owned Pilbara Goldfield tenements in WA
- The program comes off the back of earlier success from stream sediment samples, resulting in 15 gold occurrences and two nickel and chrome occurrences
- Five sites from which gold was previously detected will be followed up, with further upstream sampling towards potential source rock
- The program is estimated to be completed within the next week, with assays due a couple of weeks later
- Thor Mining (THR) is steady at market open, with shares trading for 0.7 cents each
Thor Mining (THR) has launched a second phase of gold, nickel and chromium geochemical sampling at its wholly-owned Pilbara Goldfield tenements.
An earlier program at the project, located in Western Australia, reported substantial success from stream sediment samples at a number of sites that offered a broad coverage across the tenements. Of the total 44 samples sites, the Thor Mining identified 15 gold occurrences as well as two nickel and chrome occurrences.
The current program will target five of these gold-bearing sites for follow-up, with further sampling to be carried out upstream towards potential source rock.
In addition, the catchments for the nickel and chrome-bearing sites will be mapped for possible source rocks. These sit adjacent to ultramafic rocks, which are thought to extend roughly 10 kilometres along the western boundary of the tenement.
Within the ultramafic package, further to the south, sits a gossan area. This will also be the subject of mapping and rock chip sampling at two-metre intervals.
Mick Billing, Executive Chairman and CEO of Thor Mining, said the program is an important follow-up to the previous sampling program.
“COVID-19 access restrictions delayed earlier access to the licence area, and we are very pleased to be able to recommence activity on this very exciting project, using a Western Australian based team,” Mick said.
“We look forward to providing updates on progress as they become available,” he added.
The sampling program is expected to be completed within the next week, with assays due several weeks thereafter.
Thor Mining (THR) is steady at market open, with shares trading for 0.7 cents each at 10:36 am AEST.