thr's dundas - extremely close to sir's nova, page-4

THR's Dundas - Extremely close to SIR's NOVA


To those who are interested in getting on-board THR...

THR (THOR limited) is in an excellent position with their "Dundas" prospect currently preparing for a drilling program.

For those who are not too familiar with THR's Dundas Project:

- Dundas lies within “40-50km” to the HIGH GRADE nickel and copper resource discovered by Sirius Resources (SIR)
- Dundas lies within Dundas Natural Reserve (in WA) where access for exploration was severely restricted until 2006.
- The area (Dundas) has seen only minimal exploration.
- Dundas lie on the general strike extension of the most prolific gold-bearing belt of the Yilgarn province – the 700km Wiluna-kalgoorlie-Norseman greenstone belt, in an area where the trend of the Albany-Fraser belt it displaced south-eastwards by about 50km. The Albany-Fraser belt hosts a number of recent gold discoveries including the +5 million ounce Tropicana gold deposit, and other discoveries including Hercules, Beachcomber, Socrates, Corvette and Corona.
- PERMITTING is not COMPLETED for drill testing in two sites within Dundas (Algron & Bifrost) (Figure 2 below)
- Current status – site preparations ahead of drill-testing
- September Quarter – preparation for Air-core & RC drilling
- THR holds 60% equity in the Dundas project with rights to 100%.

Nearby companies are diverting their focus on prospects around Fraser Range as the market is becoming aware of the NEW PROVINCE of potential MASSIVE mineralization in the area – after SIR’s MASSIVE Cu/Ni discovery last month (July 2012).

MRG metals Ltd (MRG.AX) recently acquired tenement along the Tropicana geological extension (Fraser Range) in very CLOSE proximity to THR's Dundas Gold Prospect & SIR's MASSIVE Cu/Ni discovery.

"The project lies in an area that has seen intense tectonic activity within the same province which hosts the Tropicana gold deposits. It has demonstrated gold potential, with gold anomalies already identified in the adjacent tenements owned by THOR Mining Ltd (THR). Located within the Proterozoic Albany - Fraser Range geological province, to the south of the Independence/Anglogold Tropicana Gold Discovery, this area is considered prospective for similar style of Au (GOLD) mineralization. The recent discovery by Sirius Resource (SIR) of intrusive related nickel - copper mineralization, provides further evidence that this new province is the NEW GEOLOGICAL FRONTIER WITH POTENTIAL TO HOST A VARIETY OF DEPOSITS." http://www.asx.com.au/asxpdf/20120731/pdf/427q4br2wl4kq2.pdf

I have attached a map (below) of the surrounding area of Dundas & nearby significant (Tropicana 5 Million Oz Gold/SIR's Nova/Railway line)

At 1.5c, THR has been undervalued & over-looked (IMO) by many... considering the prospects this company holds (i.e. Dundas, Springhill, Molyhil).


Reference(Map): http://www.asx.com.au/asxpdf/20120731/pdf/427q4br2wl4kq2.pdf
Reference: http://www.asx.com.au/asxpdf/20120305/pdf/424t9m6k70lm0b.pdf