- Thor Mining (THR) has found gold, nickel, and chromium assays at its Pilbara Goldfield tenements in Western Australia
- The program took samples from 44 sites around the tenements
- Results from the samples have supported gold potential as well as identifying nickel and chrome potential of the location
- Three samples assayed above 0.3 grams per tonne of gold, including one assay of 0.9 grammes per tonne of gold
- Thor mining is up 12.50 per cent on Aussie stock market, trading at 0.9¢ apiece
Thor Mining (THR) has found gold, nickel, and chromium assays at its Pilbara Goldfield tenements in Western Australia.
The program included sediment samples from 44 sites to provide broad coverage across the tenements. Results from the samples have supported the gold potential as well as identifying nickel and chrome potential of the location.
Three samples assayed above 0.3 grams per tonne (g/t) of gold, including one assay of 0.9 g/t of gold.
Anomalous nickel, up to 1272 parts per million, and chromium, 2074 parts per million, was found.
Executive Chairman Mick Billing says the results are very encouraging.
“Very encouraging results from our initial reconnaissance survey on this ground, with plenty of follow up targets, focussing on gold, nickel & chrome,” Mick told the market.
“The elevated nickel & chrome samples either side of the ultramafic ridge on the
western side of the licence area is particularly intriguing,” he said.
The assay and gold panning results have several areas for follow up field evaluation.
“The next phase of work here is likely to comprise further detailed stream sediment sampling, and soil sampling to confirm and extend these results, along with geological mapping,” Mick added.
Thor mining is up 12.50 per cent on Aussie stock market, trading at 0.9¢ apiece at 1:08 pm AEDT.