Thor Mining PLC Dundas Gold Project - Completion of Drill Program (4738I)

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          [phone]   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

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June 19, 2017 06:56 ET (10:56 GMT)