Update - Harts Range

RNS Number : 4155M

Thor Mining PLC

25 May 2010

 

THOR MINING PLC

HARTS RANGE BASE METALS PROJECT - AIRBORNE EM RESULTS

Dated: 25 May 2010

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 interpreted results have been received from the helicopter-borne Airborne Electromagnetic Survey ("AEM") over the Harts Range exploration licence EL24735.  The survey consisted of 49 flight line traverses flown in a north south direction for a total of 314 line kilometres.

HIGHLIGHTS:

·      Potential drill targets defined; and

·      Targets considered prospective for nickel, copper, gold, and PGE mineralisation.

At least seven Electro magnetic ("EM") anomalies with potential for future drilling havebeen identified. Modelling and interpretation of the data has resulted in one priority 1 anomaly and six priority 2 anomalies sourced by potential bedrock conductors.  The conductors are detected at depth of less than 100m below surface.  The cluster of anomalies at the western end of the EL and in particular the priority 1 anomaly are associated with layered amphibolitic rocks and are considered prospective for nickel, copper, gold and platinum group element mineralisation.

Further work

It is proposed that a follow up ground survey be undertaken to better characterise and delineate the selected anomalies thus enabling the design of a drilling program to optimally target the source.

Competent Persons Statement

The information in this report that relates to exploration results, mineral resources or ore reserves is based on information compiled by Stuart Till, who is a Member of The Australasian Institute of Mining and Metallurgy. The services of Stuart Till are engaged by Thor on a contractual basis.  Stuart Till 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'.  Stuart Till 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	+ 61 (0)414 741 007	Thor Mining PLC	Executive Chairman
Laurie Ackroyd	[phone]	Thor Mining PLC	CFO/Company Secretary
John Simpson	+ 44 (0)20 7776 6550	Daniel Stewart & Co. plc	Nominated Adviser

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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