Thor Mining welcomes start of resource estimation at Moonta prospect in Australia
Source - SMW
Thor Mining said it had been advised by prospective partner Enviro Copper of the commencement of resource estimation work for several of the deposits at the Moonta copper project in South Australia state.
Enviro Copper, via subsidiary Environmental Metals Recovery, was earning up to a 75% interest in Moonta from Andromeda Metals.
Thor Mining would hold up to 30% equity of Enviro Copper prior to listing activities, potentially scheduled for later in 2019.
Mining consultancy Mining Plus had been engaged to prepare a mineral resource estimate on several of the deposits at Moonta.
'This is a very exciting development in our copper strategy, to develop a potentially large ISR focussed copper business, initially in Australia,' executive chairman Mick Billing said.