Thor confirms high-grade copper and gold at Kelly's NE Prospect - The Pick Online Magazine

Thor Mining Plc (ASX: THR) has obtained high-grade on rock chip samples at the Kelly’s NE Prospect at the company’s 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia.

Highlights

• At the Kelly’s NE Prospect, rock chip sampling has identified high-grade gold (up to 7.2g/t Au) and copper (13.6% Cu) along north-south trending structures, similar to the Kelly’s Ridge area,
• Highest-grade rock chips include: ▪ 7.2g/t Au, 11.4% Cu, 102g/t Ag (R00148) ▪ 2.6 g/t Au, 13.6 % Cu, 123g/t Ag (R00147) ▪ 4.1g/t Au, 0.63 % Cu, 19.2g/t Ag (R00145) ▪ 1.0g/t Au, 4.65% Cu, 67.8 g/t Ag (R00146)
• Geological mapping and geochemical sampling will continue over the project area, as the Company validates its structural and mineralising geological models.
• Remaining Reverse Circulation “RC” drilling results pending, including two holes that targeted this rock chip area.

The Kelly’s NE area was defined in recent airborne magnetics and a compilation of previous exploration work,” Managing Director, Nicole Galloway Warland, said.

“Despite significant soil anomalies being defined in the area, no drilling has been undertaken at the prospect. Rock chip sampling has now confirmed high- grade copper with significant gold and silver. I am looking forward to further exciting results being returned at this prospect.”

Sampling Programme

In parallel with the recently completed RC drilling at the Kelly’s Prospect, nine rock chip samples were collected across the Kelly’s NE Prospect area.

Thor’s sampling programme targeted surface copper mineralisation (malachite) associated with north- south trending quartz breccia veins with limonite-jarosite alteration after sulphides. High- grade gold (up to 7.2 g/t), copper (up to 13.6% Cu) and silver (up to 124g/t), with anomalous lead (Pb) and zinc (Zn) have been identified.

These recent rock chip samples demonstrating gold and copper mineralisation +Ag-Pb-Zn indicate a very different style of mineralisation to the Archaean Lode gold, over at the Sterling Prospect. Continuation of sampling and mapping will continue over the area.

Next Steps:

• Await final Kelly’s RC drilling assay results
• Continue to review and model data over the Kelly’s area
• Continue reconnaissance sampling over ground in the northern portion of tenure for
  prospective lithium-caesium-tantalum enriched (LCT) pegmatites.

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