Alford East Copper-Gold ISR Project, South Australia
The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to advise copper and gold intercepts significantly above the Mineral Resource Estimate (MRE) cut-off grade, on completion of the initial diamond drilling program at the Alford East Copper-Gold Project, SA.
Project highlights: ▪ Nine diamond drill holes totaling 878m are now complete; with assays from first two drill holes received.
▪ Significant intercepts including: 21AED001 32.9m @ 0.4% Cu and 0.31g/t Au from 81.5 m, and 5m @ 0.5% Cu and 1.02g/t Au from 102m 21AED002 59.9m @ 0.31% Cu from 21.9m
▪ Positive correlation between assay results and preliminary pXRF readings for 21AED001 and 21AED002, gives Thor greater confidence in pXRF for future drill targeting (ASX: THR Announcement 30 June 21).
▪ Significant pXRF copper readings (to be confirmed by laboratory assays) including: 21AED005 73m @ 0.74% Cu from 6.3m (pXRF) 21AED004 50m @ 0.45% Cu from 6m (pXRF)
▪ 21AED002, 21AED006 and 21AED007 were drilled up to 100m to the north of the MRE domain, with assays extending the known copper mineralization along strike
▪ Assays from the first two drill holes highlight grade uplift along the north-south trending controlling structure, validating the new geological model and structural controls on mineralization.
▪ A water bore was successfully completed for initial ISR pump testing and hydrometallurgical test work.
▪ Remaining assays expected over the coming weeks.
