Thor Mining Completes Geochemistry Drilling At Dundas Gold Project

LONDON (Alliance News) - Thor Mining PLC said on Monday it has completed bedrock geochemistry ...

Alliance News 19 June, 2017 | 12:12PM
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LONDON (Alliance News) - Thor Mining PLC said on Monday it has completed bedrock geochemistry drilling at the Dundas Gold project, in which it holds a 60% stake, in western Australia.

The mineral mining company started the drilling programme on June 14, consisting of 50 air-core holes to test Algron and Bifrost, two northwest and southeast zones of elevated gold in calcrete which extend over five kilometres.

"All targets on this 50 hole program have been tested, with the program finishing inside both time and the estimated budget of AUD100,000. 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 drilling," said Executive Chairman Mick Billing.

Shares in Thor Mining were untraded on Monday. They last traded at 0.935 pence.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Thor Mining PLC 0.85 GBX -5.54 -
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