29th Jun 2021 10:37
Thor Mining PLC - exploration and development company in Australia and US - "Excited" by internal copper results from early stages of diamond drilling at Alford East copper-gold project in South Australia. Notes two diamond holes completed.
Intercepts include 106.5 metres at 0.14% copper from 8 metres; 33 metres at 0.40% copper from 81.5 metres; and 55.5 metres at 0.28% copper from 28 metres.
"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," Thor Managing Director Nicole Galloway Warland says.
"The step out of 21AED002 and confirmation of a wide copper intercept, highlights the potential to increase the current mineral resource estimate."
Thor is earning up to 80% interest from unlisted Australian explorer Spencer Metals Pty Ltd from project.
Current stock price: 0.87 pence, down 0.6% on Tuesday
Year-to-date change: up 8.8%
By Paul McGowan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Thor Energy