According to the company, preparations to begin drilling are being finalized and the drilling program is scheduled to begin next month.
Thor contains substantial rare earth element mineralization discoveries in at least nine widely separate prospect localities within three distinct and sizeable discovery zones.
Elissa president and CEO Paul McKenzie said drilling locations at Thor were selected following multiple successful ground exploration programs.
"Additional drilling is planned immediately following our initial program if results warrant and we eagerly anticipate the drill results," McKenzie said.
The company increased its holdings in the Thor project area in July by about 12% to a total of 2,366 hectares.
