6th Nov 2019 10:04
(Alliance News) - Thor Mining PLC said on Wednesday it has found "visible gold" in panning samples at the recently acquired and 100% owned Pilbara goldfield in Western Australia.
The miner said "visible gold" was found in 13 out of 44 sediment trap sites selected, with maximum gold occurrence of 20 "very fine" grains from one trap site.
Thor Mining said a follow-up field evaluation is likely to comprise detailed stream sediment sampling, soil sampling and geological mapping.
Executive Chair Mick Billing said: "These preliminary results are very exciting, and we look forward to confirmatory laboratory assays."
"To obtain results of this calibre in an initial reconnaissance survey is an excellent result," Billing said.
Thor Mining shares were up 12% in London at 0.27 pence each on Monday.
By Loreta Juodagalvyte; [email protected]
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