Thor Mining’s latest sampling results identify greatest concentrations of gold at Dundas to date

Thor Mining (LON:THR, ASX:THR) told investors that it has now received the remaing assays from the initial calcrete sampling at the Dundas gold project in Western Australia, and the results have revealed additional anomalies with new drilling targets.

The company said that the results represent the greatest concentration of high gold values encountered to date, and as a result there has been a substantial increase of potential drill targets.

“Full survey results show clusters of elevated gold values which have identified five previously unknown areas of gold anomaly in addition to the target area identified by previous exploration. Each of these warrants systematic follow-up sampling,”Thor stated.
From the remaining 200 samples of the 486 calcrete samples collected in March and April, 52 samples returned gold values of between 8 parts per billion (ppb) and 26ppb and several samples returned elevated copper values, in addition earlier samples at 142ppm copper.

Through the analysis, Thor has identified a new area of significant anomalism, over approximately 6km2, in the south eastern area of the tenements, from which samples returned gold values of up to 26 ppb. “This anomaly contains the greatest concentration of high values encountered in the project to date.  This area remains open to the north and to the south, and it is proposed that this area should be drill tested as soon as the necessary permitting process is complete.”

Additionally, the area of anomalism from the previously calcrete, sampled by BHP Billiton (ASX: BHP; LSE: BLT) , has also been extended and drill-testing is also scheduled in this area.

The company plans to carry-out further calcrete sampling to broaden the coverage, and to add detail around newly identified anomalies. Concurrently Thor will prepare the permitting, for an initial rotary air blast drilling program.

The Dundas Project is located within the general southerly strike extension of the most gold-rich part of the Yilgarn province, the Wiluna-Kalgoorlie-Norseman greenstone belt. This may impart an enhanced prospectivity to the section of the Albany-Fraser Province containing the package.

Dundas is located in a part of the Albany-Fraser Province where the south westerly grain of the Province is displaced south-eastwards by about 50km. The overprint of a south-easterly structure appears to mimic elements of the Tropicana geology and may create opportunities for dilation of the rock sequence – a structural element generally favourable for mineralisation.

The sampling program took place on the E63/872 and E63/1102 exploration licences, which form part of the 51%-owned Dundas project. Thor has rights to increase its interest in Dundas to 100%.