The challenge is situated on licence EL6529, the place Thor can earn as much as an 80% curiosity from unlisted Australian explorer Spencer Metals
(LON:THR, ) stated a 2,000 metre diamond drilling programme began on the Alford East copper-gold challenge, in South Australia.
The programme will deal with depth extension and structural delineation of the northern portion of the Alford East copper-gold deposit.
“Thor is worked up about commencing its maiden drilling programme at Alford East, the place our geology groups’ new geological mannequin strongly signifies new weathering boundaries opening up copper oxide mineralisation potential at depth and alongside strike,” stated managing director Nicole Galloway Warland.
“At a time when the copper value is at decade highs, Thor is quick monitoring the exploration and growth of the Alford East copper challenge. We look ahead to updating the advertising with drilling ends in the approaching weeks,” she stated.
Final month, the corporate introduced it gained a A$300,000 grant from the South Australian authorities to assist develop the challenge.