Multiple diamond core drill holes will initially target the Lopez Trend, a 1.6-mile long REE-bearing monazite structure that is coincident with a prominent magnetic anomaly.

Elissa president and CEO Paul McKenzie said Thor has strong surface representations of nine heavy and five light rare earth elements, which correspond with strong magnetic anomalies defined by both airborne and ground geophysics.

"The commencement of drilling at Thor is a significant milestone for the company and the Lopez Trend is the largest zone defined at Thor to date," McKenzie said.