Thor Mining hails “excellent strides” in development of mining projects

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Thor Mining PLC (AIM:THR, OTCQB:THORF, ASX:THR) issued an upbeat statement ahead of its AGM which highlighted the progress achieved at its mining projects this year.


“2021 has seen Thor make excellent strides in the development of its projects and brought us to an exciting moment where we have multiple drill programmes underway simultaneously,” said managing director Nicole Galloway Warland.


She highlighted the recent commencement of reverse circulation drilling at the Ragged Range gold project in Eastern Pilbara, the high-grade copper and gold intersections at the Alford East Copper-Gold ISR project in South Australia and the start of drilling at the Molyhil tungsten-molybdenum-copper project in the Northern Territory.


READ: Thor Mining commences drilling at new Molyhill target


The MD said the now completed divestment of its Pilot Mountain project to Power Metal Resources PLC (AIM:POW) for US$1.8mln will allow Thor to focus on its copper and gold projects and provide capital for exploration.


“With exciting advancement expected across our portfolios during the remainder of 2021 and into 2022, we thank our shareholders for their continued support and look forward to updating them on our progress in due course,” Galloway Warland concluded.

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