Sample Results

RNS Number : 4844B

Thor Mining PLC

21 February 2011

 

THOR MINING PLC

SAMPLING RESULTS - DUNDAS (WA) & DAICOS (NT)

Dated: 21 February 2011

The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM, ASX: THR) the exploration company focussed on gold and base metal projects and advancing tungsten-molybdenum projects in the Northern Territory of Australia, advise that assays from further reconnaissance surface sampling at the Dundas gold project in Western Australia have identified additional anomalies for follow up and potentially drill testing.

The third (northernmost) panel of infill calcrete sampling (EL 1102) showed less continuous anomalous responses than the two panels in EL 872.

The next phase of activities at Dundas will include calcrete sampling on the south western licence EL 63/1101, follow up sampling of anomalies identified from this most recent program on EL 63/1102, and RAB drilling (now scheduled for the week commencing 28^th February) to test the previously identified southern anomaly on EL/63 872.

About the Dundas Project

The Thor Dundas Project is situated in Western Australia within the Albany-Fraser Province.  The project tenements lie on the general strike-extension of the most prolific gold-bearing belt of the Yilgarn Province - the 700km Wiluna-Kalgoorlie-Norseman greenstone belt (Figure 3), in an area where the trend of the Albany-Fraser belt is displaced south eastwards by about 50km (Figure 3).  The Albany-Fraser belt hosts a number of recent gold discoveries including the +5 million ounce Tropicana gold deposit, and other discoveries including Beachcomber, Socrates, Corvette, and Corona.

Daicos Prospect (NT)

Assays from a small rock sampling program at the Daicos prospect near Harts Range in the Northern Territory confirmed the existence of anomalous values but revealed no economically significant mineralisation.

Competent Persons Statement

The information in this report that relates to exploration results is based on information compiled by Trevor Ireland, who is a Fellow of The Australasian Institute of Mining and Metallurgy.  Mr Ireland is a Non-executive Director of Thor Mining PLC and provides professional services on a contractual basis.  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 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'.  Trevor Ireland consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Enquiries:

Mick Billing	[phone]	Thor Mining PLC	Executive Chairman
Allan Burchard	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	[phone]	Daniel Stewart & Co. plc	Nominated Adviser
Nick Emerson/ Renato Rufus	[phone]	Simple Investments	Broker

 

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.

 

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