The directors of Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the commencement of Ambient Noise Tomography (“ANT”) geophysical surveys, in partnership Fleet Space Technologies, at the Alford East Copper-REE Project in South Australia.
HIGHLIGHTS
- Low-impact, ANT surveys are now underway at the Alford East copper-gold Project using EXOSPHERE BY FLEET® technology.
- The ANT surveys are designed to delineate the low-velocity, weathered ‘troughs’ that host the oxide copper-REE mineralisation within the Alford Copper Belt. They will be completed over the next few weeks.
- As part of the collaborative partnership between Thor and Fleet, Fleet will integrate the ANT results with Thor’s 3D geological model using Artificial Intelligence (“AI”) and Machine Learning (“ML”) to generate a new model for drill targeting higher-grade oxide copper-gold mineralisation (ASX/AIM: 4 September 23).
- Future drilling will be concentrated on these targets, characterised by low seismic velocity, to intersect higher-grade oxide copper-gold mineralisation hosted in units conducive to the possibility of In-Situ Recovery (“ISR”)
The commencement of the low-impact ANT geophysics surveys over the Alford East copper-REE Project, as part of the collaborative partnership with Fleet Space Technologies, is a key step in accelerating our exploration and ISR assessment strategy at our Alford East Copper-REE Project.
Fleet will integrate the data from the ANT surveys, and in conjunction with Thor’s 3D geological model, it will result in a revised model to support drill targeting of higher-grade copper and REE mineralisation along strike of our mineral resource estimate and in new zones of the Alford Copper Belt.
The results from the surveys will help us become more precise in our future drilling campaigns, which will help us reduce our environmental footprint. We look forward to keeping the market updated as the results come in.
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ALFORD COPPER PROJECTS
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SAEMC – Investor Presentation (December 2023)
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AGM – Investor Presentation (2023)
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Copper Hosting Troughs defined by ANT Surveys at Alford East Project
The acquisition phase of the low-impact, ANT surveys are now complete and clearly delineate low-velocity, weathered ‘troughs’ that host the oxide copper-gold- REE mineralisation within the Alford Copper Belt