Thor Mining PLC - exploration and development company in Australia and the US - Starts 2,000 metre diamond drilling at Alford East copper-gold project in south Australia. Wins AUD300,000, about USD232,000, from the South Australia government under the Accelerated Discovery Initiative, which will be partially used for resource drilling.
Managing Director Nicole Galloway Warland says: "Thor is excited about commencing its maiden drilling program at Alford East, where our geology teams' new geological model strongly indicates new weathering boundaries opening up copper oxide mineralisation potential at depth and along strike. At a time when the copper price is at decade highs, Thor is fast tracking the exploration and development of the Alford East copper project."
Current stock price: 1.06 pence, down 7.7% Thursday
Year-to-date change: up 33%
By Paul McGowan; paulmcgowan@alliancenews.com
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Thor Energy (THR)