Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Thor Mining In Trading Halt After 53% Jump In Share Price 0 comments
    Sep 13, 2012 3:23 AM

    Thor Mining (ASX: THR) is in a trading halt after a large 53.85% jump in the share price today on good trading volume.

    Thor is to release preliminary assays from drilling at its Spring Hill Gold Project in the Northern Territory.

    The company said a number of assays had been received from some of the holes drilled, however the complete set and necessary interpretation were not yet available.

    Last month Thor revealed it had discovered near surface gold mineralisation of up to 12 grams per tonne (g/t), above the intended Hong Kong lode target.

    Spring Hill, which has a JORC Resource of 3.6 million tonnes at 2.34g/t for a contained 274,000 ounces of gold, has not being tested to more than 150 metres in depth, with mineralisation open at depth on almost all sections.

    Thor has outlined a three pronged approach for 2012 to test different gold resource options presenting at Spring Hill.

    The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 17 September 2012.

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.