Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) said low-velocity, copper-hosting, weathered troughs have been clearly delineated by a new survey at its Alford East project in South Australia.
Fleet Space Technologies, which carried out the said Ambient Noise Tomography or ANT survey, is currently reviewing the data to develop a model for drill targeting, said Thor in a statement.
Two comprehensive ANT surveys were executed at Alford East, covering the northern portion of the Mineral Resource Estimate Domains and designed to delineate the low-velocity, weathered troughs that are known to host the oxide copper-gold and REE mineralisation within the Alford Copper Belt
Nicole Galloway Warland, Thor’s managing director, said she was “very pleased" with the progress made so far.
"As part of the collaboration, Fleet is modelling the data using Thor's 3D geological model, resulting in a revised geological model to support drill targeting of higher-grade copper and REE mineralisation along strike of our mineral resource estimate and in new zones of the Alford Copper Belt."