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72 metres at 1% cu....is bludi good
typos
*Double. Sorry for typoes just woken up and on phone.
It was alm9st doable last year. Sellung an asset is not revenue either. Its close for an exploration company and might lead to royalties.
The in situ recovery is intriguing but when its 6m from surface must bd tempted just to dig it up.
Looks like a large resource increase anyway. 13m mcap is tiny for what they have here.
Can only double if sold-on,,,,,"Revenue"
It's a great copper hit! Share price should double?!
Encouraging High Grade Copper & Gold
Project highlights:
? An exceptional high grade copper intercept over a wide interval:
21AED005 72.7m @ 1.0% Cu and 0.19g/t Au from 6.3m, including
18.2m @ 2.0% Cu and 0.34g/t Au from 15.8m
? As announced last week, other significant copper-gold intercepts include:
21AED001 32.9m @ 0.4% Cu and 0.31g/t Au from 81.5m, and
5m @ 0.5% Cu and 1.02g/t Au from 102m (previously reported
THR:ASX Announcement 25 August 2021)
21AED002 59.9m @ 0.31% Cu from 21.9m (previously reported THR:ASX
Announcement 25 August 2021)
? Significant pXRF copper readings (to be confirmed by laboratory assays) including:
21AED004 50m @ 0.45% Cu from 6m (pXRF) (Previously reported THR:ASX
Announcement 25 August 2021)
? Remaining assays expected over the coming weeks.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“The newly discovered broad zone of high copper and gold grades from near surface in
21AED005, combined with the significant intercepts in 21AED001 and 21AED002 takes
this oxide mineralised system to a new level, reporting values well above the Mineral
Resource Estimate grades.
The confirmed uplift in copper and gold grades along the controlling NNE structure
continues to excite and exceed Thor’s expectations. We look forward to testing this
structure in areas open along strike, to the north and south.
Pump testing scheduled for start of September will further advance the In-Situ Recovery
(ISR) ‘proof of concept’ hydrometallurgical assessment.
Exciting times ahead as we await final assay results from this drilling campaign and
commence the ISR for copper and gold baseline studies.”
Nice to see Nicole updating her twitter page, couple of in the field clips. IMO a lot of hard work going on.
Nice to see uranium up c.10%
Ragged range was the biggest interest to me. Seems a bit slow going but maybe the covid delays etc.
Alford in-situ is fascinating to follow and the copper grades were good for most projects. Nice bit of gold.
The American projects I think we are right some sort of part sale, or JV would be good. The uranium most likely but its a massive tungsten resource too.
Steady progress here, doing most of the right things. I probably like the Ragged because a sudden hit would do the most to light the touch paper.
Latest interview in Mining Weekly https://twitter.com/ThorMining/status/1430681460315496451?s=19
Good old reliable THR, static as always.
That happened on Abingdon and it held the share back until the spread reduced around lunch time.
Big spreads kill interest.
nm
What's that spread about? 15%. They obvs don't want buyers at the moment. Does anyone understand this MM move? Thx.
Great timing with Jackson hole starting tomorrow.
and more updates to come
stil clearing some sellers from recent placing, then we can off above 1p
september will also get news on uranium
Look forward to seeing the impact after assays on the resource estimation, but I have to say its looking good for on-situ recovery. I had to remind myself what a lixiviant was: a liquid medium used in hydrometallurgy to selectively extract the desired metal from the ore or mineral. Not a word bandied about in the pub too often (unless hanging out with mining engineers and geologists, I presume :-)
080 paid...
Positive RNS AND a positive start. Earthquake alert.
GLA
eyups
MB did a webinar a while back, might of been before pandemic.
Questions were asked ( molyhill) at the time mainly on financing,promises were made and broken.
One of many reasons why there are so many fed loooooong term investors in Thor.
It’s actually a pretty good update. The objective was to prove the acreage suitable for ISR. They have done that if one accepts the pXRF readings understate the lab assays at least for Cu. The hydro testing in the weathered zone is also positive. So its looking good for cheap extraction with feasible grades. Any gold is really a bonus. It’s about the copper and the grades are well in range.
The lower zone indicates IOCG. I can’t get the logs to load but that would be a bonus and indicates a source of resource and potential further upside.
They could be clearer on next steps and timelines but I guess they want the assays.
So it’s assays from labs. Increase MRE. More hydro tests. Decision on ISR.
Usual caveats.
Trek
Same-Old
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"The new geological model and drill targeting is paying off. The uplift in copper and especially gold grade, adjacent to what appears to be a controlling structure is very exciting and beyond the Directors expectations, suggesting potential for an extended zone of higher-grade copper and gold along this structure.
The intersections of copper mineralisation in three drillholes drilled up to 100m north of the AE-5 MRE, suggests a structural link to the AE-8 domain to the NE, and potentially significant upside to the Mineral Resource Estimate.
These initial copper and gold grades, wide intercepts and increased depth of weathering are all very encouraging for In-Situ Recovery, the innovative mining technique that has minimal impact on the surrounding environment in contrast to conventional open cut mining".