Thor Mining Starts Drilling at Alford East Copper Gold Project  SA
Alford East Copper Gold ProjectThor Mining

Thor Mining Starts Drilling at Alford East Copper Gold Project SA

Thor Mining Pic announced the commencement of drilling at Alford East Copper-Gold Project in South Australia. Thor Mining Managing Director Mr Nicole Galloway

Thor Mining Pic announced the commencement of drilling at Alford East Copper-Gold Project in South Australia. Thor Mining Managing Director Mr Nicole Galloway Warland said “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. We look forward to updating the marketing with drilling results in the coming weeks.”

Project highlights:

  1. 2000m diamond drilling program has commenced,

  2. This drilling program focuses on depth extension and structural delineation of the northern mineralised domains of the Alford East copper-gold deposit

  3. Thor Mining awarded A$300,000 from the South Australia Government under the Accelerated Discovery Initiative which will be partially used for resource drilling

  4. Core and water samples will be collected for hydrometallurgical test work as part of the In Situ Recovery assessment process

The Alford East Copper-Gold Project is located on EL6529, where Thor is earning up to 80% interest from unlisted Australian explorer Spencer Metals Pty Ltd, covering portions of EL6255 and EL6529. The Alford East Project covers the northern extension the Alford Copper Belt, located on the Yorke Peninsula SA. The Alford Copper Belt is a semi coherent zone of copper-gold oxide mineralization, within a structurally controlled, north-south corridor consisting of deeply kaolinized and oxidized troughs within metamorphic units on the edge of the Tickera Granite, Gawler Craton, SA.

Based on historic drillhole information Thor completed an inferred Mineral Resource Estimate

  1. 125.6Mt @ 0.14% Cu containing 177,000t of contained copper

  2. 71, 500oz of contained gold

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