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Poor assay results. Nothing new for THR. I'm sure they'll be able to drill a bit more.
But no Uranium as yet?
Would prefer to see good news about Copper prospects,,,,Vanadium...Meh!
Yep, there's more drilling ??
We await drilling results with hope.
Let's hope we find some Mullins, be good news for this battered sp. The company mentioned in the report - Sprott - are they the guys that have bought up literally tonnes of uranium in various formats? GLA
oooh goody goody goody gum drops more drilling in 2023.
We made mistake by changing our name from Thor Mining to Thor Energy, I think Thor Drilling would have been more apt.
At least it is good to see the copper story moving forward as I feel it is that area which will lift the SP.
"We look forward to updating the market as the subsurface maps are further refined with drill targets."
Its got all the Black 'n Decker vibes about it, I bet Mick is beside himself in rapture in the legacy he left us, get them drill bits rotating!
At this low valuation it's certainly worth taking a few. Will only take one of the many projects to come in to see this at multiples of the current price.
Well it is a start but the markets will want to see assay results before any sp re rate occurs.
Happy to wait and see.
Nicole Galloway Warland, Managing Director of Thor Energy, commented:
"This low-impact ANT survey was extremely successful in subsurface mapping, in particular delineating the weathered "trough" structures which host the oxide copper-gold mineralisation within the Alford Copper Belt; with further processing and modelling, it will potentially highlight the higher-grade mineralised zones within these structures.
"The use of the ExoSphere by Fleet ® has enabled ECL to be more efficient in exploration, minimising the environmental impact and improving drilling targeting.
"We look forward to updating the market as the subsurface maps are further refined with drill targets."
The uranium prospect is going to get pumped of course.
The prospective values is in the copper but it seems to have slowed down there which leads me to feel its not going to happen, I could be wrong.
I suspect the full report will consist of one picture of tumbleweed.
Pleased to announce exceptional prospects?
Be interesting to see how creative they are when it drops in the next couple of weeks. More like Quarterly Inactivities Report.
Online buy price is rising after the last few days
The thing with these junior miners is that when they strike the majors jump in quickly and the price reacts according.
15.12.22
'Bureau Veritas is re-assaying [the] full sample batch (relating to 22RRC049 to 22RRC052) to ensure accuracy and integrity of data. We anticipate these results in January 2023.'
https://wcsecure.weblink.com.au/LSE_news/2022/12/15/Thormining_15641899.pdf
8.4.22
'Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licences with highly encouraging early-stage gold and nickel results in the Pilbara region of Western Australia, with follow up drilling planned for 2022.'
https://wcsecure.weblink.com.au/LSE_news/2023/03/08/Thormining_15712836.pdf
Looks like a type and they meant 2023 not 2022?
14.3.22
'At Ragged Range, whilst the recent drilling program at Kelly's prospect has fallen too short to test the targeted contact, beneath the historic Kelly's copper workings, copper was intercepted with anomalous gold and silver warranting further review.'
How and why has it fallen too short?
Has anything been done Bureau Veritas results?
We need more clarity as to what is going on at Ragged Range because in my very basic and rudimentary understanding, until further information is given, it looks like a waste of money to continue there?
Naise - high risk high returns on the Penny Dreadfuls but I have concentrated my declining investments in 3 AIM potentially lucrative shares and the rest are out and out pure speculations. Very much sink or swim scenarios but worth a punt because the returns can be massive given a little luck which could more than make up or overtake any losses on the other dogs.