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Kapunda Gold Recovery
Kapunda Gold Recovery.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8104U Thor Mining PLC 02 April 2019 \n\n2 April 2019\n \nISR GOLD RECOVERY - PROOF OF CONCEPT\nKAPUNDA COPPER PROJECT\n \nThe Board of Thor Mining Plc (\"Thor\") (AIM, ASX: THR) is pleased to announce successful recovery of gold from samples of the Kapunda Copper ISR copper project in South Australia.\nThe results are from research activities on Kapunda samples by the CSIRO as part of the CRC-P* project funded by the Australian Commonwealth government for the Kapunda project owned by Environmental Copper Recovery Pty Ltd (ECR) in which Thor is acquiring a 60% interest and in respect of which potential strategic developments were announced on 5 March 2019. \n \nHighlights:\n \n· Successful recovery of gold from samples from historic drilling has demonstrated proof of concept at the Kapunda ISR copper project using techniques appropriate for In situ Recovery (ISR) test work;\n· Results augment previously reported successful recovery of copper using ISR appropriate test work; \n· Limited gold assays conducted on historic drilling at Kapunda, but results for 28 surface and drill core samples are historically reported to range from 0.6 to 5.54 dwts /ton (approx 0.93 to 8.58 grams/tonne);\n· Further test work is planned to quantify gold recovery and commercial viability of the proposed development at Kapunda\n \nMick Billing, Executive Chairman, commented: \"This is an unexpected bonus for the Kapunda project, and potentially a very significant project enhancement.\"\n\"There is not sufficient drilling assay information to allow a gold resource to be added to the previously published copper resource, however the information we have suggests the presence of gold relatively evenly across much of the Kapunda deposit.\"\n\"The directors of ECR and the directors of Thor are reviewing options in light of this new and potentially strategically critical information, and will provide further updates in the near term\"\n \nBackground\nWhile Kapunda was primarily a copper mine, there have been gold assays recorded from historic drill holes and surface sampling. Most of this gold sampling work is reported in open file Envelope 01651 as a progress report by L.G. Szabo for Northlands Minerals Limited in 1971. Since then, there have been sporadic re...