Sunday, 24 July 2011

Thor Mining reveals two drilling targets at Dundas gold project

Thor Mining (ASX: THR, AIM: THR) has identified two drilling targets from surface geochemical sampling at its Dundas gold project in Western Australia.

The targets, BUFROST and ALGRON, have been scheduled for initial shallow (RAB or air core) drilling. The reconnaissance and infill surface sampling program is ongoing.

The company is nearing completion of flora and fauna study reports to support environmental clearance for drill testing these targets that are planned for September or October this year.

The Dundas Gold Project is located in Western Australia in a region flush with recent gold discoveries including the 5 million ounce Tropicana gold deposit owned by AngloGold Ashanti (NYSE: AU) and Independence (ASX: IGO).

Thor is currently looking to ramp up exploration, after raising around A$612,000 in May for the Dundas and Spring Hill gold projects.

Earlier in the year Thor announced the acquisition of an 80% interest in the 274,000 ounces Spring Hill gold project in the Northern Territory from Western Desert Resources (ASX: WDR).

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