Thor Mining PLC (LON:THR ASX:THR) has received data that suggests gold mineralisation at Kapunda in Australia might be greater than originally thought.
A historic document has emerged that contains reports on findings of IP (Induced Polarisation) surveys that suggest targets for Kapunda style mineralisation extend up to 4.5km south of the known resource.
EnviroCopper, a 25% owned associate of Thor, is working at Kapunda to see if in-situ recovery is a viable option for the copper resource there, but executive chairman Mick Billing said the site’s gold potential is now coming to the fore.
"In addition to the existing schedule of developing the feasibility of ISR production at Kapunda from the existing published resource estimate, substantial potential is emerging to extend and add to this, as well as potentially quantifying the gold mineralisation."