#THR #Gold
Thor Kapunda Gold Thread
Located in South Australia, Inital focus copper (119,000t resource)
Historical data suggests gold was completely ignored, company now realising that Kapunda could be a hidden gem with historical data potentially pointing a 1Moz Au resource

#THR #Gold
Kapunda at this moment
Thor recently drilled 3 pilot holes which look oustide conservation area - XRF results 66m @ 0.27% Cu & 23m @ 0.49% Cu
Assay results pending for Cu & Au due around xmas (27th Nov RNS)

#THR #Gold
Kapunda historic
Drilled extensively in the 60's - major copper interesections - never assayed for gold!
Northland Minerals decided to re-assay hole KP01 - the deepest hole drileld at Kapunda for gold (KP01 designed to test an anomaly)
Pic 1 & 2 pre gold assays

#THR #Gold
In 1971 - Northland assayed samples for gold
Note dwts/ton is 1.5g/t Au so the 10 dwts/ton is actually 15g/t Au
Key takeaway is "gold values established to 600ft"
Pic 1 is surface & drill core samples results combined
Pic 2 is surafce samples only

#THR #Gold
KP01 re-assayed for gold - stunning results
95m @ 3.06 g/t Au from surface
Deeper intersections 100-200m
31m @ 3.98 g/t Au
29m @ 3 g/t Au
ISR at Kapunda is good to 100m
272m of gold mineralisation
That was the only hole they re-assayed as gold was at $36oz

#THR #Gold
Northland Minerals based on these results came up with a "postulated" resource
Northland described Kapunda as "a gold mine with a copper by product"
Potentially a 1Moz Au resource

#THR #Gold
KP01 was designed to test an anomaly
A recent IP survey has identified multiple anomalies in and south of the Kapunda mine area
Area of survey 6km x 4km width - the mine area is tiny compared to the potential of the anomalies to the south