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Hydrogeology Results
Hydrogeology Results.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3536P\n Thor Mining PLC\n 18 October 2021\n \n \n \n \n \n \n \n 18 October 2021\n \n \n \n \n \n THOR MINING PLC\n \n \n \n \n \n (\"Thor\" or the \"Company\")\n \n \n \n \n \n Hydrogeology Results\n \n \n Alford East Copper-Gold ISR Project, South Australia\n \n \n The directors of Thor Mining Plc (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) are pleased to advise the results from our initial pump test for preliminary hydrogeological assessment at the Alford East Copper-Gold Project, SA.\n \n \n Project highlights:\n \n \n § \n Initial aquifer pump test successfully completed.\n \n \n § \n Copper-gold mineralisation at the test site is saturated below the water table; essential for ISR production.\n \n \n § \n Groundwater salinity reports in the range of 15,000 - 55,000 milligrams per litre total dissolved solids (mg/L TDS). This is classed as saline and precludes agricultural or potable use.\n \n \n § \n Ground water is alkaline with pH - 8.1. This is ideal for trial lixiviant glycine.\n \n \n § \n Short term pumping tests demonstrated consistent water flows suitable for ISR production. \n \n \n § \n The host rock is permeable.\n \n \n § This work is all co-funded by the SA Government Accelerated Discovery Grant (ADI) of A$300,000, as announced on 20 May 2021.\n \n \n Nicole Galloway Warland, Managing Director of Thor Mining, commented:\n \n \n \"Pump testing of our initial water bore has shown favourable water characterisation and permeability for potential In Situ copper-gold recovery at our Alford East Project. This is positive news as we progress the project towards ISR assessment and development of an environmentally, low carbon emission alternative to conventional open cut and underground mining.\"\n \n \n \n A copy of the Tenement and Prospect Location Plan may be viewed via the following link:\n \n \n \n https://cms.thormining.com/sites/thormining/media/maps/20-005-1d-yorke-pen-jv.jpg\n \n \n \n \n \n \n Alford East Project Background \n \n \n The Alford East Copper-Gold Project is located on EL6529, where Thor is earning up to an 80% interest from unlisted Australian explorer Spencer Metals Pty Ltd, covering portions of EL6255 and EL6529 (ASX: THR Announcement 23 November 2020).\n \n \n The Alford East Project covers the northern extension of t...