- Thor Mining (THR) strikes high-grade gold at the Kelly’s Ridge Prospect within its Ragged Range Project in Western Australia
- The company received initial gold-only results from drilling at Kelly’s Ridge, starting with reverse circulation drilling at the Kelly prospect
- Thor hit its best intercept to date of four metres at 12.2g/t gold from 194 metres, showing strong alteration
- The company says these results confirm the potential of the site as it looks forward to gaining further understanding of the project
- Thor Mining is up 12.5 per cent and trading at 0.9 cents at 11:43 am AEDT
Thor Mining (THR) has intersected high-grade gold at the Kelly’s Ridge Prospect within its Ragged Range project in Western Australia.
The company received initial results from drilling at Kelly’s Ridge, starting with reverse circulation drilling at the Kelly prospect.
The drilling was designed to test below the high-grade rock chips at the contact between the Boobina Porphyry and Euro Basalt, as well as test below a historical drill hole which returned 1.5 metres at 22.97 grams per tonne (g/t) gold.
The company hit its best intercept to date of four metres at 12.2g/t gold from 194 metres, along with one metre at 0.91g/t gold from 40 metres.
This first bout of gold-only assays came from a few selected intervals in the first four holes of the 10-hole program, showing strong alteration.
Thor Mining Managing Director Nicole Galloway Warland said the company is delighted to share these high-grade intercepts from Kelly’s Ridge.
“The intercept of four metres at 12.2g/t gold is an exceptional result under Kelly’s Ridge, especially given the depth of the 194 metres downhole, showing excellent grade continuity from the surface,” she said.
“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.”
Thor Mining was up 12.5 per cent to trade at 0.9 cents at 11:43 am AEDT.