Thor Mining (ASX:THR) reports it has completed its reverse circulation (RC) drilling program at the company’s 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia.
The company drilled 48 RC holes totalling 3,120m at the Ragged Range gold and nickel project over the past three weeks in the second phase of drill works.
Drilling tested both structural and geochemical targets along the Sterling prospect 13km gold corridor, with 11 drill traverses completed.
Thor reports that the drilling targeted interpreted dilational zones associated with faulting and folding along the regional thrust faulted contact between the mafic and ultramafic units.
The drilling program also included one drillhole at the Krona Prospect to test the electromagnetic (EM) conductor recently identified beneath the nickel gossan.
This hole has been cased in preparation for a Downhole Electromagnetic Survey (DHEM).
Assays have been expedited to a laboratory in South Australia, with results anticipated in August 2022.
Addressing the drill program, Thor Mining Managing Director Nicole Galloway Warland said: “Thor has successfully completed its second phase of drilling at the Sterling prospect, testing several exciting structural targets associated with complex faulting and folding along the 13km gold corridor.
Thor has successfully completed its second phase of drilling at the Sterling prospect
“We were pleased to also drill test the Krona nickel-copper Fixed Loop Electromagnetic target as part of this drilling program.
“We now eagerly await assay results and look forward to updating the market as results come through.”
The Ragged Range Project, located in the prospective Eastern Pilbara Craton in Western Australia, is 100% owned by Thor Mining and comprises E46/1190, E46/1262, E46/1355, E46/1340 and the recently granted E46/1393.
Since acquiring Ragged Range in late 2019, Thor has completed a series of systematic stream sediment programs over the tenure and an airborne magnetic survey, defining a 13km structurally controlled gold corridor – the Sterling Prospect.
‘High-grade’ gold stream results, including up to 2.2g/t Au, were reported from sampling in 2019 and 2020.
Images: Thor Mining PLC
