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IN BRIEF: Thor Mining gets favourable pump test results at Alford East

Thor Mining PLC - precious, base, energy and strategic metal projects in the US and Australia - ...

Alliance News 18 October, 2021 | 8:23PM
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Thor Mining PLC - precious, base, energy and strategic metal projects in the US and Australia - Says it finishes initial aquifer pump test at Alford East Copper-Gold area, South Africa. Copper-gold mineralisation at the test site is saturated below the water table which is essential for In Situ Recovery production. Groundwater salinity reports in the range of 15,000 to 55,000 milligrams per litre total dissolved solids. This is classed as saline and precludes agricultural or potable use.

Nicole Galloway Warland, managing director of Thor Mining, says: "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."

Current stock price: 0.85 pence

Year-to-date change: up 9.0%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Thor Mining PLC 0.68 -

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