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Positive Test Results Kapunda Copper ISR Project
Positive Test Results Kapunda Copper ISR Project.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 9993T\n Thor Mining PLC\n 24 July 2020\n \n \n \n \n 24 July 2020\n \n \n THOR MINING PLC\n \n \n POSITIVE TEST RESULTS - KAPUNDA COPPER ISR PROJECT\n \n \n \n \n \n T\n he directors of Thor Mining Plc (\"Thor\") (AIM, ASX: THR) are pleased to advise additional positive results from the initial hydrogeological drilling program at the Kapunda ISR (Insitu Recovery) copper project carried out by EnviroCopper Limited.\n \n \n EnviroCopper Limited (\n \n www.envirocopper.com.au\n \n ), via subsidiary Environmental Copper Recovery Pty Ltd, holds an agreement to earn, in two stages, up to 75% of the rights over metals which may be recovered via in-situ recovery (\"ISR\") contained in the Kapunda deposit, from Australian listed company, Terramin Australia Limited (\"Terramin\" ASX: \"TZN\"). Thor hold a 25% interest in EnviroCopper Limited with rights to increase that interest to 30%.\n \n \n HIGHLIGHTS:\n \n \n · \n The hydrogeological testing program was successful, with the tracer test showing fluid movement from well to well in a relatively short time period, providing potential for cost saving through reducing the number of wells for optimum production. \n \n \n · \n Laboratory assays confirm previously reported portable XRF results along with some elevated gold levels. \n \n \n · \n Groundwater is acidic (pH 3.8 - 4.0) with naturally elevated copper levels, indicating potentially lower expected pre-conditioning operating costs, and demonstrating that the copper is highly soluble.\n \n \n · \n Laboratory testing to date shows several lixiviant systems suit the natural low pH environment, minimising likely impact on environment & microorganisms.\n \n \n · \n Initial laboratory scale metal recovery tests - Ion Exchange, Electro Winning and Cementation all produce copper. \n \n \n \n \n \n Mick Billing, Executive Chairman of Thor Mining, commented: \n \n \n \n \"\n \n \n Very solid progress being made by EnviroCopper at the Kapunda copper ISR project, continuing to confirm the potential for production of copper using ISR, against a background of rising copper prices\". \n \n \n \n \n \"There is a very busy schedule of activities during the second half of calendar 2020 with potential to add significant inv\n \n \n estor value via gold focussed drilling, and more field test ac...