(MENAFN- ProactiveInvestors - Australia) Thor Mining (ASX: THR, AIM: THR) is preparing to release an announcement on a capital raising to the ASX and has requested a trading halt.
The company has been focused on extending mineralisation at its Spring Hill gold project in the Northern Territory.
Assays from drilling into the main Hong Kong Zone have confirmed further improved grades and extensions of known gold mineralisation at Spring Hill.
This paves the way for an upgrade to the current JORC Resource of 3.6 million tonnes at 2.3 grams per tonne (g/t) for a contained 274,000 ounces of gold to be undertaken during the next three months, once check-assaying has been completed.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Thursday 27 September.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.