The directors of Thor Energy Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the commencement of an advanced geophysical technique at the Alford West Project, South Australia, by 30% owned EnviroCopper Limited (“ECL”).
HIGHLIGHTS
- An Ambient Noise Tomography (ANT) survey is underway at the Alford West copper-gold Project using ExoSphere by Fleet Space.
- Lightweight battery-powered sensors measure naturally occurring seismic vibrations to detect variations in density of the underlying rock units. Subsequent drilling can then be focused on areas with low density contrast which have been shown to host oxidised copper mineralisation amenable to potential In-Situ Copper Recovery (“ISCR”).
- The use of the ExoSphere technology has the potential to significantly improve exploration efficiency in both time and cost, and lead to improved drill targeting. This will result in fewer drillholes, lower environmental impact and reduced time on the land.
- This innovative geophysical survey technique is partially funded (up to A$30,000) by the South Australian government Accelerated Discovery Grant awarded to ECL.
- Survey results are anticipated in late March 2023.
Photo Plate 1: Deploying sensors (Geodes) at Alford West, note the minimum surface disturbance.
We are pleased to announce the commencement of this low-impact ANT geophysics survey over the Alford West copper-gold Project.
This survey aims to create detailed subsurface maps which will assist targeting areas of potential oxide copper mineralisation within the Alford Copper Belt, hence reducing and focusing further drilling programs.
The use of the ExoSphere technology has enabled us to be more efficient in our exploration and we will start to see those benefits come to fruition in the upcoming months.
ABOUT THE
ALFORD COPPER PROJECTS
LATEST
NEWS
Drilling Commences at Alford West Copper ISR Project
The drilling program comprises three water bores for hydrogeological baseline assessment, and subsequent push-pull and tracer testing as part of the first phase of In-Situ Recovery (“ISR”) Site Environmental Lixiviant Trials.
Equity Placing to Accelerate Uranium and Copper Exploration
With the addition of these funds the Company is now in a position to plan for the next phases of exploration at its’ USA and South Australian projects.
Paydirt Article (May 2024)
Thor Energy Plc is pleased to have been featured in the latest issue of Paydirt Magazine.
New 3D Model Highlights Structural Controls on Copper Mineralisation at Alford
The 3D ANT Modelling has provided significant lithological and structural insights. Combining this information with Thor’s dataset has led to an exciting new 3D Model of the Alford East Copper-REE Project, South Australia.
Alligator Energy Invests into South Australian In-Situ Recovery Copper
Thor Energy Plc is pleased to announce a strategic investment by Alligator Energy Limited into EnviroCopper Ltd (“ECL”) to further develop In- Situ Recovery (“ISR”) copper projects. Thor currently holds a 30% equity interest in ECL.
Copper Recoveries Advance In-Situ Recovery Assessment at Alford East Copper-REE Project
Thor Energy Plc is pleased to announce positive metallurgical copper recovery results, advancing Thor’s In-Situ recovery assessment of the Alford East Copper-REE Project, South Australia.