With all the talk of Molyhill and Spring Hill, don't forget Dundas.
Thor finds Gimli
05/03/2012 Ben Jaglom
Thor Mining (THR) has reported an 'encouraging' set of results from its Dundas project, also finding a new anomaly named 'Gimli'.
The South Australia-based concern reported an update on its geochemical sampling at the Dundas project in Western Australia, in which it noted that the Asgard anomaly expanded a further 1.5 km to the south while a new anomaly that it has called 'Gimli' was also identified.
Looking ahead, Thor notes that it is looking to begin drill testing at the BIFROST and ALGRON anomalies, which are due to start in June this year.
A mining minnow, shares in the tiny Thor have gained 4.2 per cent and currently trade at 1.25p. Despite having sunk from a year's high of 4.18p we think that upside exists at the current price. Speculative buy.
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