StockMarketWire.com - Thor Mining welcomed news that EnviroCopper had achieved positive preliminary results from an initial drilling program at the Kapunda copper project in South Australia state.

EnviroCopper has agreed to earn up to 75% of the rights over metals which may be recovered at the deposit from Terramin Australia.

Thor held a 25% interest in EnviroCopper with rights to increase that interest to 30%.

Three holes were drilled and two screened wells installed to carry out initial hydrogeological investigations.

Highlights included encountering 66 metres at 0.27% copper including 5 metres at 0.72% copper and 11 metres at 0.54% copper.

'It is very exciting to have confirmation of both consistency of mineralisation and possible hydrogeological connectivity along strike in the facture zone,' executive chairman Mick Billing said.

'This adds considerable weight to the potential for a successful insitu recovery operation in due course.'


At 1:25pm: [LON:THR] Thor Mining PLC share price was +0.01p at 0.24p



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