Project Highlights
- Maiden 2000m drilling program has commenced at the priority Rim Rock, Groundhog and Section 23 prospects within the Wedding Bell and Radium Mountain Projects.
- Drilling will target the prospective ‘Salt Wash’ horizon of sandstone-hosted uranium and vanadium mineralisation at shallow depths (~ 80m) for total drilling up to 2000m.
- Drilling at Rim Rock and Groundhog Prospects is designed to test extensions to high-grade uranium and vanadium mineralisation sampled within and around historic workings of up to 1.25% Uranium (U3O8) and 3.47% Vanadium (V2O5) (THOR ASX, AIM: 21 July 2020).
- A fenceline of drillholes at Section 23 Prospect will be the first holes drilled into this highly prospective area.
- The Wedding Bell and Radium Mountain Prospects are easy to access and close to excellent infrastructure
“Commencement of drilling at the Wedding Bell Project is a significant milestone for Thor. We look forward to testing these shallow, high-grade targets, especially Section 23, where Thor will be the first company to access and drill test this highly prospective area. Short to long term fundaments for nuclear energy are the best in over 50 years, with demand increasing due to climate change carbon emission initiatives, electrification, responses to the global energy crisis exacerbated in Europe by the Russian invasion, and advancements in small modular reactors (SMR). As uranium prices rise and the US looks to secure domestic uranium supply, Thor is in an excellent position to advance this promising US asset.”
ABOUT THE
USA URANIUM - VANADIUM PROJECTS
LATEST
NEWS
Uranium Drilling Commences at Wedding Bell Project
Drilling has commenced at Groundhog Prospect, on the Company’s 100% owned Wedding Bell Project, located in the uranium-vanadium
mining district of the Uravan Mineral Belt, southwest Colorado, USA.
Drill Preparations Underway At Wedding Bell Uranium Project
On-ground drill site preparations are now underway for our 2024 drilling programs at Rim Rock and Groundhog mine areas, with drilling scheduled to commence in early October
Uranium Drill Approvals Granted, Wedding Bell and Radium Mountain Projects, USA
All approvals and permits have been granted to commence follow-up drilling at Wedding Bell and Radium Mountain projects including Rim Rock and Groundhog Prospects