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COPPER RESOURCE - KAPUNDA PROJECT, SOUTH AUSTRALIA
COPPER RESOURCE - KAPUNDA PROJECT, SOUTH AUSTRALIA.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0645I Thor Mining PLC 19 March 2018 \n\n19 March 2018\nTHOR MINING PLC\nCOPPER RESOURCE - KAPUNDA PROJECT, SOUTH AUSTRALIA\nHIGHER GRADE CORE INFORMATION\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to announce further information on the Kapunda Resource estimate containing 119,000 tonnes of copper, considered amenable to In Situ Recovery techniques (\"In Situ Recovery\" or \"ISR\"), announced 12 February 2018, and subsequently clarified on 22 February 2018.\nThor has the right to earn up to an effective interest of 45% in that part of the Kapunda project that is considered amenable to ISR.\nThe Company is pleased to advise of a Central high grade core, or zone, of mineralisation, contained within the previously announced Resource boundaries, of 29.0 million tonnes, @ 0.32% copper containing 91,200 tonnes of copper.\nGrade tonnage curves (Figure 1) indicate the quantity of estimated contained metal at various cut-off grades for both this high grade portion, and the broader resource announced on 12 February 2018.\nFIGURE 1: Grade tonnage curves comparing total Kapunda Inferred Resource to Central high grade core\nhttp://www.rns-pdf.londonstockexchange.com/rns/0645I_-2018-3-18.pdf \n\n \nMick Billing, Executive Chairman, commented: \n\"The results of this analysis reinforce the very strong potential of the Kapunda deposit. This higher grade core at Kapunda is very robust, while still hosting approximately 75% of the total 119,000 tonnes of copper in the estimated Resource. \n\"We recognise that In Situ Recovery as a process is not necessarily a familiar area for many investors and the grades published may appear low when compared to traditionally mined copper deposits.\"\n\"However, from the standpoint of extractive metallurgy, the grades identified are ideal for In Situ leaching and the significant size of deposit outlined to date means this project has considerable potential and needs moving forward through the next stages of the development pathway.\"\n\"We are therefore extremely pleased with the results announced today and we look forward to reporting further progress through market announcements which chart the next steps in respect of project development.\"\nFIGURE 2: Plan View showing Central high grade portion of the Resource estimate...