RE: RNS25 Aug 2021 08:04
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".