HIGHLIGHTS
Significant REE drill intercepts (>500ppm TREO1) include:
21AED005:
• 36.7m @ 1568ppm (0.16%) TREO & 1.2% Cu from 6.3m,
o including 11.8m @ 2095 ppm (0.21%) TREO and 1.2% Cu from 10m, and
• 11m @ 2088ppm (0.21%) TREO and 0.8% Cu from 47m,
o including 2m @ 5042ppm (0.5%) TREO from 47m
21AED002:
• 11.6m @ 1699ppm (0.17% ) TREO and 0.26% Cu from 30.4m
o including 6.1m @ 2262ppm (0.22%) TREO from 34.0m
21AED001:
• 16.8m @ 1721ppm (0.17%) TREO and 0.5% Cu from 91.4m
21AED006:
• 29m @ 959ppm (0.1%) TREO from 20m, and
• 6.1m @ 1171ppm (0.12%) TREO and 0.1% Cu from 81m,
o including 1.7m @ 3139ppm (0.31%) TRE0 from 84.3m
21AED004:
• 13.1m @ 1366ppm (0.14%) TREO and 0.5% Cu from 42.8m,
o including 1.4m @ 2274ppm (0.23%) TREO from 35m
21AED007:
•15m @ 961ppm (0.1%) and 0.12% Cu from 13m
o including 1.0m @ 2213ppm (0.22%) TREO from 19m
• A REE review has revealed that eight out of nine of the 2021 diamond drill holes intersected wide zones of highly enriched REE’s in kaolin altered, copper rich oxide zones of IOCG style mineralisation.
• Mineralisation is open over a ~5km trend as none of the remaining historical drilling at Alford East, to the best of the companies knowledge, has ever been assayed for REE’s.
I am absolutely delighted to report these thick zones of shallow, high-grade REE intercepts, found to be associated with oxide copper-gold mineralisation at the Alford East Project.
This batch of results compares very favourably in terms of depth, thickness and grade to its peer group in the fledgling Australian REE sector.
Importantly, this discovery has significant potential to be a large deposit based on the ~5km lateral extent of the north-south trending, structurally controlled troughs hosting IOCG mineralisation. It is promising that aside from the nine 2021 diamond drill holes reported today, none of the other historic drilling at Alford East is known to have ever been assayed for REE content.
Priority drill programme design is underway in conjunction with detailed geochemical reviews of the historic drilling, along with further studies on the nature of the REE mineralisation encountered to date.
WATCH: Managing Director Nicole Galloway Warland talk to Thomas Warner from Proactive about the latest news, including the potential high-grade rare earth (REE) discovery at Alford East Copper Gold Project which she describes as a “potential gamechanger.”
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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.