Thor Mining PLC Dundas Gold Project - Completion of Drill Program (4738I)
June 19 2017 - 6:56AM
UK Regulatory
TIDMTHR
RNS Number : 4738I
Thor Mining PLC
19 June 2017
19 June 2017
THOR MINING PLC
COMPLETION OF BEDROCK GEOCHEMISTRY DRILL PROGRAM AT THE DUNDAS
GOLD PROJECT - WESTERN AUSTRALIA
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM,
ASX: THR), are pleased to advise completion of the bedrock
geochemistry drilling at the Dundas Project in southern Western
Australia.
Mr Mick Billing, Executive Chairman of Thor: "All targets on
this 50 hole program have been tested, with the program finishing
inside both time and the estimated budget of A$100,000. We expect
receipt of assays in several weeks and it is hoped that the results
will show elevated gold levels in bedrock and warrant further
deeper reverse circulation (RC) drilling."
About the Dundas Project
The Thor Dundas Project is situated in Western Australia within
the Albany-Fraser Province. The project tenement is situated in the
prospective Albany-Fraser belt where the trend of the belt is
displaced south-eastwards by about 50km co-incident with the
general strike-extension of the most prolific gold-bearing belt of
the Yilgarn Province - the Wiluna-Kalgoorlie-Norseman greenstone
belt. The Albany-Fraser belt hosts a number of gold discoveries
including the +8 million ounce Tropicana gold deposit, and other
closer discoveries.
Thor Mining holds 60% equity in the Dundas project along with
rights to increase that equity to 100%.
Enquiries:
Mick Billing +61 (8) 7324 Thor Mining Executive
1935 PLC Chairman
Ray Ridge +61 (8) 7324 Thor Mining CFO/Company
1935 PLC Secretary
Colin Aaronson/ +44 (0) 207 Grant Thornton Nominated
Daniel Bush/ 383 5100 UK LLP Adviser
Richard Tonthat
Elliot Hance +44 (0) 207382 Beaufort Securities Joint Broker
8300 Limited
Nick Emerson +44 (0) 1483 SI Capital Ltd Joint Broker
/ Andy Thacker 413 500
Tim Blythe/ +44 (0) 207 Blytheweigh Financial
Camilla Horsfall 138 3222 PR
Updates on the Company's activities are regularly posted on
Thor's website www.thormining.com, which includes a facility to
register to receive these updates by email, and on the Company's
twitter page @ThorMining.
Competent Person's Report
The information in this report that relates to exploration
results and exploration targets is based on information compiled by
Richard Bradey, who holds a BSc in applied geology and an MSc in
natural resource management and who is a Member of The Australasian
Institute of Mining and Metallurgy. Mr Bradey is an employee of
Thor Mining PLC. He has sufficient experience which is relevant to
the style of mineralisation and type of deposit under consideration
and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2012 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Richard Bradey consents to the
inclusion in the report of the matters based on his information in
the form and context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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