Thor Mining
Thor Mining PLC, (AIM/ASX: THR) is a minerals exploration and development company focused on gold and base metals exploration along with progressing towards development of an advanced tungsten and molybdenum project in the Northern Territory of Australia.
The Dundas Gold Project is situated in Western Australia within the Albany-Fraser Province, in an area where the trend of the Albany-Fraser belt is displaced south-eastwards by about 50km. 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. Recent work by Thor has identified a number of priority drill targets.
The Molyhil tungsten and molybdenum project in the Northern Territory remains ready for development pending some sustained improvement in metal prices. The project has advanced beyond exploration and has been the subject of a definitive feasibility with technical, environmental and community issues successfully addressed.
Thor Mining appoints Trevor Ireland to the board
Australia operating exploration company Thor Mining (AIM, ASX: THR) has appointed Trevor Ireland as a non-executive director. The appointment is the second major initiative for the company this year under its new growth strategy, the group said. Ireland is a geologist with more than 40 years experience in minerals exploration and corporate management.
“Mr Ireland's experience and capabilities will be invaluable to the company as the Thor has embarked on an expanded exploration and acquisition strategy focused initially on Western Australia with an emphasis on new mainstream resources commodities opportunities in addition to Thor's historic portfolio of projects in the Northern Territory”, Thor Mining stated.
The company said that Ireland’s career credits include the discovery of two of the Northern Territory's producing gold mines, namely The Granites and Northern Territory's largest gold mine, Callie.
Earlier this month, Thor announced its maiden expansion into gold, and with it, its first move into Western Australia with the proposed acquisition of the greenfields Dundas gold exploration project near Norseman, southeast of Kalgoorlie. Thor said it is also committed to developing its Molyhil tungsten/molybdenum project in the Northern Territory as metal prices improve.
Other Thor Mining news
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08/07/10 Thor Mining chairman highlights progress at Dundas gold project and strong enthusiasm for Molyhil
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05/07/10 Thor Mining’s latest sampling results identify greatest concentrations of gold at Dundas to date
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05/07/10 Thor Mining identifies highest gold values to date at Dundas Project in Western Australia
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23/06/10 Thor Mining to raise £2.7m to explore Dundas gold project in WA
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21/06/10 Thor Mining requests trading halt
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25/05/10 Thor Mining to raise A$150,000 through Share Placement
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25/05/10 Thor Mining identifies seven anomolies in survey of Harts Range
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30/04/10 Thor Mining to acquire three tenements at Dundas gold project
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22/04/10 Thor Mining begins Dundas exploration in the Western Australian Goldfields
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10/03/10 Thor Mining H1 pretax loss remains in line with 2008
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