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.
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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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