Total
0
Shares
Thor Mining (ASX:THR) - Managing Director, Nicole Galloway Warland (right) - The Market Herald
Managing Director, Nicole Galloway Warland (right)
Source: Nicole Galloway Warland [Twitter]
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Thor Mining (THR) has begun drilling at the Alford East Copper-Gold Project in South Australia
  • Thor will undertake 2000 metres of diamond drilling to test the depth extent of the oxide mineralisation
  • Additionally, groundwater analysis will be completed and core samples will be collected for hydrometallurgical and groundwater studies
  • Drilling will be carried out by GMP Exploration Drilling while the hydrometallurgical work will be completed by Mining and Process Solutions
  • Thor is steady on the market and shares are trading at 2.1 cents at 1:06 pm AEST

Thor Mining (THR) has begun drilling at the Alford East Copper-Gold Project in South Australia.

The Alford East Project covers the northern extension of the Alford Copper Belt which is a semi-coherent zone of copper-gold oxide mineralisation.

It has an inferred mineral resource estimate of 125.6 million tonnes at 0.14 per cent copper containing 177,000 tonnes of contained copper and 71,500 ounces of contained gold.

Thor will undertake 2000 metres of diamond drilling around the northern portion of the project around the Netherleigh and AE5 mineralised domains.

The company will test the depth extent of the oxide mineralisation as historical drilling extended only into slight fresh rock.

Holes will be drilled along strike of the Netherleigh Park and AE5 zones to confirm the strike extent and the continuity of the mineralisation.

Additionally, groundwater analysis will be completed and core samples will be collected for hydrometallurgical and groundwater studies.

Drilling will be carried out by GMP Exploration Drilling while the hydrometallurgical work will be completed by Mining and Process Solutions.

"Thor is excited about commencing its maiden drilling program at Alford East where our geology teams' new geological model strongly indicates new weathering boundaries opening up copper oxide mineralisation potential at depth and along strike," Managing Director Nicole Galloway Warland said.

"At a time when the copper price is at decade highs, Thor is fast tracking the exploration and development of the Alford East Copper Project."

Thor was steady on the market and shares were trading at 2.1 cents at 1:06 pm AEST.

THR by the numbers
More From The Market Herald
Cullen Resources (ASX:CUL) to raise $1.4M for WA gold projects

" Raiden Resources (ASX:RDN) finds 16 targets at Majdanpek West

Raiden Resources (RDN) has found 16 targets at its Majdanpek West project in Serbia.
Breaker Resources (ASX:BRB) - - The Market Herald

" Breaker Resources (ASX:BRB) hits 20g/t gold at Lake Roe

Breaker Resources (BRB) has intersected up to 20 grams of gold per tonne (g/t) at the Lake Roe Gold Project.
Conico (ASX:CNJ) - CEO, Thomas Abraham James - The Market Herald

" Conico (ASX:CNJ) encounters mineralisation at Ryberg Project

Conico (CNJ) and has received results from three holes drilled at the Miki prospect at the Ryberg Project in Greenland.
Dreadnought Resources (ASX:DRE) commences drilling at Tarraji-Yampi Project

" Dreadnought Resources (ASX:DRE) completes drilling at Tarraji-Yampi

Dreadnought Resources (DRE) has completed the drilling program at the Tarraji-Yampi Project in the West Kimberley region of Western Australia.