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Thor Mining Plc
Summary
| Project: | Kapunda | |
|---|---|---|
| Deposit: | Kapunda | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2019: Thor Mining Plc announces an Exploration/Drilling Update report for its Kapunda deposit at the Kapunda project. Preliminary XRF drilling results incl. 66m @ 0.27% Cu. The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to adv | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Resources]: Eric Whittaker (Internal) | |
| ABSTRACT: | The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR) are pleased to advise positive preliminary results from the initial hydrogeological drilling program at the Kapunda ISR (Insitu Recovery) copper project carried out by EnviroCopper Limited. EnviroCopper Limited, via subsidiary Environmental Copper Recovery Pty Ltd, has entered into an agreement to earn, in two stages, up to 75% of the rights over metals which may be recovered via in-situ recovery (“ISR”) contained in the Kapunda deposit from Australian listed company, Terramin Australia Limited (“Terramin” ASX: “TZN”). Thor hold a 25% interest in EnviroCopper Limited with rights to increase that interest to 30%. A total of 3 holes were drilled and two screened wells installed to carry out initial hydrogeological investigations. | |
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