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Thor Mining (ASX:THR) launches electromagnetic survey over Krona prospect

ASX News, Materials
ASX:THR      MCAP $3.304M
06 May 2022 08:30 (AEST)

Nickel gossan Source: Thor Mining

Thor Mining (THR) has begun a ground based electromagnetic survey over the Krona prospect at its Ragged Range project in the eastern Pilbara, Western Australia.

A high-powered, fixed loop electromagnetics ground geophysics survey has begun at the Krona prospect, extending over the untested nickel gossan, located in the western portion of the tenure.

The survey was designed to detect conductive anomalies at depth that may indicate the presence of nickel sulphide mineralisation.  

Thor said the nickel gossan is located at the basal conduct of the Dalton Suite ultramafic unit.

“Geological mapping and sampling indicate that the gossan extends over one kilometre, with geochemistry highlighting anomalous nickel and chromium,” Managing Director Nicole Galloway Warland said.

“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.”

Meanwhile, the Thor team is on the ground mapping and sampling several lithium targets.

This includes potential lithium-caesium-tantalum pegmatites which have been identified within the prospective ten-kilometre radius of the Split Rock Supersuite at Thor’s Ragged Range Project.

Thor Mining remains steady at 1.4 cents per share as of 10:43 pm AEST.

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