- Thor Mining (THR) gives an exploration update on the lithium prospectivity at the Ragged Range Project in Pilbara, Western Australia
- Several lithium exploration targets have been identified at the Ragged Range Project
- Prospective lithium-caesium-tantalum ground has been identified in three areas that cover the northern portion of Thor’s land holding
- The lithium potential on the Ragged Range Project area has not been previously considered as it is known to be prospective for gold and nickel
- Thor Mining last traded at 1.2 cents
Several lithium exploration targets have been identified at Thor Mining’s (THR) Ragged Range Project in Pilbara, Western Australia.
The Pilbara region is highly prospective for lithium-caesium-tantalum (LCT) pegmatites and hosts world class grades at the Wodgina and Pilgangoora deposits.
Prospective LCT ground has been identified in three areas that cover the northern portion of Thor’s land holding.
The lithium potential on the Ragged Range Project area has not been previously considered.
The E46/1393 permit has now been granted to the company.
This structurally complex region is considered favourable for lithium enriched pegmatites.
The prominent dyke that runs northeast/southwest across the project is magnetic and has a moderate uranium and thorium response.
Therefore, it is unlikely that this dyke is a simple igneous body, as currently mapped.
Thor plans to complete surveys over the north-eastern portion of the land package, with detailed geological mapping.
It will also take samples from the lithium targets, to determine pegmatite mineralogy and identify any lithium-caesium-tantalum minerals.
Thor Mining holds 92 square kilometres of exploration licences in the Pilbara.
The project area is predominantly comprised of Eastern Pilbara greenstone which is highly prospective for both gold and nickel.
Thor Mining last traded at 1.2 cents.