Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
Shares of Thor Mining PLC (LON: THR) today surged 4.1% after the company revealed that it had completed the third phase of the gold geochemistry reconnaissance at the Pilbara goldfield tenements in Western Australia.
The program was designed to follow up the success from the stream sediment samples collected across the tenements, which defined a highly anomalous 13 kilometres long gold target zone.
Thor said that the geochemical program focused on the followup stream sediment gold results, with sampling being done upstream toward the potential source rock.
The miner also conducted some additional reconnaissance sampling and one traverse sampled across the stratigraphy in the anomalous areas.
The geochemical samples are currently in-transit to the Perth laboratory, with assay results anticipated in mid-November.
Thor Mining share price
Thor Mining shares today surged 4.1% to trade at 0.968p having risen from yesterday’s closing price of 0.930.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .