HIGHLIGHTS
▪ Assays return up to 30,348 ppm (3.0%) V2O5 vanadium pentoxide, with uranium assay grades up to 6,250ppm (0.63%) U3O8, consistent with the high-grade downhole gamma uranium results.
▪ Significant uranium and vanadium assay results include:
23WBR020: 4.9m @ 1199ppm (0.12%) U3O8 and 6306ppm (0.63%) V2O5 from 82m,
Including, 0.6m @ 6250ppm (0.63%) U3O8 and 30348ppm (3.0%) V2O5 from 82.6m
Including, 1.8m @ 2999ppm (0.3%) U3O8 and 14912ppm (1.5%) V2O5 from 82m.
23WBR011: 6.1m @ 563ppm (0.06%) U3O8 and 9100ppm (0.9%) V2O5 from 74.7m
Including, 1.5m @ 1624ppm (0.16%) U3O8 and 19637ppm (2.0%) V2O5 from 76.2m.
23WBR016: 3m @ 636ppm (0.06%) U3O8 and 4677ppm (0.5%) V2O5 from 67.0m
Including, 1.5m @ 1044ppm (0.1%) U3O8 and 4677ppm (0.5%) V2O5 from 67.0m.
23WBR019: 1.2m @ 1112ppm (0.11%) U3O8 and 3744ppm (0.4%) V2O5 from 90.8m,
▪ Vanadium mineralisation forms broad zones adjacent to the uranium mineralisation, with an average vanadium-to-uranium ratio of 10:1, which is typical of the Uravan Mineral Belt.
▪ Preparations have commenced for 2024 resource drilling (infill and extension) at Rim Rock and Groundhog mine areas, with additional prospects also to be assessed for drilling including Edna May and Babe Ruth/Diana Mine areas.
The high-grade uranium (up to 0.6%) and vanadium (1.8%) assay results confirm the high-grade nature of the Saltwash style sandstone uranium systems, within the prolific Uravan Mineral Belt. The assay results also confirm the presence of wide intervals of high-grade uranium mineralisation within a halo of vanadium mineralisation.
Whilst these 100% owned projects are uranium assets, the 10:1 vanadium-to-uranium confirms the rich vanadium endowment.
This drilling program stepped out from the 2022 drill program, with drilling around the Groundhog and Rim Rock mines confirming mineralisation remains open along strike from historic workings.
Preparations are now underway for a larger RC program and diamond drilling at Groundhog and Rim Rock prospects, chasing high-grade mineralisation along strike, as well as infill drilling for Resource definition.
ABOUT THE
URANIUM-VANADIUM PROJECTS
LATEST
NEWS
High Grade Uranium and Vanadium Assays – Wedding Bell and Radium Mountain Projects, USA
Assays return up to 3,0348 ppm (3.0%) V2O5 vanadium pentoxide, with uranium assay grades up to 6,250ppm (0.63%) U3O8, consistent with the high-grade downhole gamma uranium results
Uranium Update – Wedding Bell and Radium Mountain Projects, USA
An exploration update on the Wedding Bell and Radium Mountain Projects, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA.
High-Grade Uranium Intercepts at Groundhog Prospect
Downhole gamma logging returns up to 6,885ppm (0.69%) eU3O8 uranium along strike of the historic mine working at Groundhog Mine.
SAEMC – Investor Presentation (December 2023)
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “Alford East: Accelerating Exploration with Fleet Space Technologies”, delivered by MD Nicole Galloway Warland, at the Annual General Meeting on the 29th of November 2023.
AGM – Investor Presentation (2023)
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “New Green Economy: Uranium Focus”, delivered by MD Nicole Galloway Warland, at the Annual General Meeting on the 29th of November 2023.
Successful Uranium Drilling Program Completed, USA
The shallow RC drilling program is now complete at priority prospects; Section 23, Rim Rock Mine and
Groundhog.