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Thor Mining prepares for drilling at Ragged Range

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Thor Mining PLC (LON:THR) said its next phase of work will comprise drilling at Ragged Range, its US uranium-vanadium project in Colorado and resource extension work and ISR test work at Alford East.

Mick Billing, managing director, said this work will have a significant impact on the value of shareholders’ investment in Thor Mining.

Elsewhere, Billing said the 2021 program at the Kapunda ISR copper project is expected to be project-defining with gold focussed drilling, & field SELT trials about to commence. 

“This work is aimed at delivering the final stage of technical production feasibility for the ISR process at Kapunda.”

For the quarter to end-March, Thor added that cash outflows were A$450,000 with a cash balance at the period-end of A$2.06mln.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/948173/thor-mining-prepares-for-drilling-at-ragged-range-948173.html


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