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Thor Mining’s latest sampling in Pilbara confirms visible gold

It is the latest in a positive step for the early stage gold exploration project

Thor Mining PLC - Thor Mining’s latest sampling in Pilbara confirms visible gold
Visible gold seen in sediment sampling - original image source: @ThorMining / Twitter

Thor Mining PLC (LON:THR) has told investors that latest sampling at the Pilbara Goldfield tenements project, in Western Australia, has confirmed gold in stream sediments.

Thirteen of 54 stream sediment sites confirmed the presence of visible gold.

The company noted that the presence of visible gold panning is consistent along an interpreted 13-kilometre anomalous gold corridor.

READ: Thor completes geochemical work on Pilbara gold tenements

Additionally, 14 rock chip samples taken from a traverse within the corridor have been collected for assaying.

"Another step closer in the process of narrowing down Ragged Range drill target selection, with visible gold again found in the stream sediment samples consistently along the 13-kilometre corridor of anomalous gold,” said Mick Billing, Thor executive chairman in a statement. "We look forward to the laboratory assays from this work."

Next steps at the project will include a further sampling programme focussed on priority targets, subject to the findings of geochemical analysis and the recently flown airborne magnetic survey.

Quick facts: Thor Mining PLC

Price: 1.04 GBX

Market: AIM
Market Cap: £15.73 m

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Thor Mining's Mick Billing says gold assays at Ragged Range 'exceed...

Thor Mining's (LON:THR) Mick Billing talks through what he describes as 'cracking' gold assays from its 100% owned Pilbara Goldfield tenements. He says sampling results have now defined an overall broader target zone of 13 x 1 kilometres of highly anomalous gold and demonstrates the potential to...

on 2/9/20

2 min read