RNS Out31 Aug 2021 08:29
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.”
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