leadf
logo-loader
viewThor Mining PLC
(
AIM:THRFRA:T5MCOTCQB:THORFASX:THR
)

Thor Mining upbeat on early drilling results at Alford East copper-gold project

Thor has an 80% interest in the Alford East project

Thor Mining PLC -

Thor Mining PLC (LON:THR, ASX:THR) is upbeat about preliminary copper results from early stage drilling at the Alford East copper-gold project in South Australia.

An in-house portable X-ray fluorescent (pXRF) analyser was used to take copper readings from two holes -  21AED001 and 21AED002 - and highlighted wide downhole intercepts above the Mineral Resource Estimate grades.

Intercepts included 106.5 metres at 0.14% copper from a depth of 8 metres, including 33 metres at 0.40% copper, and 55.5 metres at 0.28% copper from a depth of 28 metres.

"Thor is excited by these preliminary pXRF results,” said managing director Nicole Galloway Warland. “The validation of the geological model and structural controls on mineralisation has a significant impact on subsequent drilling and the confidence level of any future Mineral Resource Estimates.” 

“The step out of 21AED002 and confirmation of a wide copper intercept, highlights the potential to increase the current Mineral Resource Estimate," she said.

Core from the holes is being prepared to be sent to a laboratory for analytical analysis, including gold assay. The core preparation and sample processing time at the laboratory is anticipated to take about six weeks, Thor said.

 

Quick facts: Thor Mining PLC

Follow
AIM:THR

Price: 0.9 GBX

Market Cap: £15.81 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE takes off ahead of international travel rule changes expected by the UK...

FTSE 100 made a decent start with airlines and travel groups leading the index higher on reports that the UK’s coronavirus travel arrangements will change today. London’s blue-chip index was up 18 at 7,045 in early trades.   UK retail sales recovered from a heavy fall in July but were still...

5 days, 21 hours ago

2 min read