Very tough market at the moment as well as tax loss selling but should see increased interest by the start of the new financial year. Sitting at a 52 week low. Some decent announcements in the last week but in this kind of market only spectacular news would make a difference and this was not.
Thor Mining (THR) has identified a conductive anomaly at its Ragged Range project in Western Australia’s East Pilbara region.The company recently completed an electromagnetic (EM) geophysical survey at the Krona prospect which marked the first ground geophysics survey at Ragged Range.
Thor said it focussed on the nickel gossan, which covered a one-kilometre by 100-metre area, to detect conductive anomalies at depth that could potentially indicate the presence of massive nickel-copper sulphide mineralisation.Thor Mining said the conductor provided a “clear drill target” that would be tested as part of an upcoming reverse circulation (RC) drilling program at the adjacent Sterling prospect.
Thor Mining (THR) has begun a 3000-metre reverse circulation (RC) drilling program at its Ragged Range project in Western Australia. Roughly 40 holes will be drilled to cover the key structures and gold anomalies with the depth of the holes ranging from 60 to 120 metres. DJC Drilling was contracted to undertake the drilling which is is expected to take four weeks to complete with samples to be sent to Bureau Veritas laboratory in Adelaide for analysis. Simultaneously, Thor will undertake mapping and geological sampling around the copper-gold Kelly and Ryan prospect areas with a focus on the historical high-grade copper-gold workings.
Also around the area of the world class lithium deposits. TUNGSTEN & MULTI COMMODITIES
Molyhil, NT Australia . Assay results from diamond drilling program.
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