I think that's conservative , but realistic. May see 2 cents plus, considering what's coming up.
Friday's Last 2 hrs of trading saw 25 mil traded, wiping out 1.2 / 1.3 and volume into 1.4.
Nicole is very astute and knows what she is doing, she's perfect for the job IMO.
Her interviews with Samso are well worth watching.
(1) ******* ( Now Due)*********
Maiden drilling program at the Company’s 100%
owned Ragged Range Project, located in Eastern Pilbara, Western Australia.
Project highlights:
▪ 3,000m reverse circulation (“RC”) drilling program commences
▪ First ever drilling in the Ragged Range Project area to test robust gold anomalies
▪ Up to 10 soil targets to be drill tested at the Sterling Prospect
▪ Targeting Archaean shear hosted gold adjacent to significant regional structurese
Robust geochemical targets in the central portion of the Sterling Prospect, within
the highly prospective 13km structurally controlled gold anomalous corridor, defined by
Thor associated with the mafic -ultramafic contact within the Kelly Greenstone Belt.
With the program anticipated to take 4 to 6 weeks, drill results are expected from early
November 2021.”
(2) (Results Due)
Copper Recovery Trials Kapunda Copper ISR Project, South Australia
EnviroCopper Limited
Thor Mining holds a 30% equity interest in private Australian company EnviroCopper Limited.
In turn EnviroCopper Limited is earning up to a 75% equity interest in the Kapunda Copper Project, and also the Alford West Belt Copper ISR Project, both in South Australia.
Alford East Copper Project
Thor Mining is earning up to an 80% direct interest in the Alford East Copper Project, which has been subject to substantial historical drilling and is considered amenable to copper production via Insitu Recovery techniques.
(3)
Stage 1 Earn-in Completed
Alford East Copper-Gold ISR Project, South Australia
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“Following the recently completed, highly successful drilling program at Alford East,
including highlights of 72.7m @ 1.0% Cu and 0.19g/t Au from 6.3m and 18.2m @ 2.0%
Cu and 0.34g/t Au from 15.8m (21AED005), Thor has successfully earned in to a 51%
interest of the project.
“The Company is now progressing with the completion of the Stage 2 earn in, which will
result in Thor having an 80% interest in this highly prospective project. This
demonstrates our confidence in Alford East and the value it can bring to the Company.
“We look forward to keeping shareholders updated on the progress of the Stage 2 earnin and our continued exploration of the project.”
(4)
Molyhil Critical Minerals Project, Northern Territory, reinforces the newly discovered extension of
scheelite-molybdenite-chalcopyrite mineralisation within a magnetite skarn.
south of the Molyhil deposit is a continuation (possibly offset) of tungsten-molybdenum-copper
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“We are excited to announce that the third drillhole, 21MHDD003, intercepted further
disseminated tungsten-molybdenum-copper mineralisation within magnetite skarn,
confirming our new critical minerals discovery at the Molyhil project.
This extension of mineralisation, directly south of the deposit, has significant positive
implications for the overall Molyhil Critical Minerals project. We look forward to further
updating the market when all geological data and assays are available.”
.
(5)
Thor Mining holds a 100% interest in each of two private companies which hold uranium and vanadium interests in Utah and Colorado in the United States of America.
The Colorado projects comprise 199 mineral claims over areas of historical high grade uranium and vanadium production in south western Colorado, within the Uravan Mineral Belt.
The Utah project comprise 100 mineral claims in south-east Utah, approximately 40km north of the town of Moab.
