The directors of Thor Energy Plc (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the final downhole uranium gamma results for the reverse circulation (“RC”) drilling program, at the Company’s 100% owned Wedding Bell and Radium Mountain Projects, located in the historic uranium-vanadium mining district within the Uravan Mineral Belt, southwest Colorado, USA.
HIGHLIGHTS
• Downhole gamma logging returns up to 6,885ppm (0.69%) eU3O8 uranium along strike of the historic mine working at Groundhog Mine.
• Significant uranium downhole gamma results above 2000ppm (0.2%) eU3O8 include:
- 23WBRA020 0.9m @ 6885ppm (0.69 %) eU3O8 from 82.66m
- 23WBRA019 0.3m @ 3362ppm (0.34 %) eU3O8 from 90.22m
- 23WBRA011 0.5m @ 3186ppm (0.32 %) eU3O8 from 76.2m
- 23WBRA016 0.8m @ 1954ppm (0.20%) eU3O8 from 67.4m
• The completed RC program comprised 23 shallow drillholes totalling 2,737m, with geological logging visually identifying favourably reduced sands in all drillholes.
• Uranium and Vanadium assay results pending.
These results confirm our expectations that we would achieve shallow high-grade uranium from the drilling program, highlighting the significant potential and exciting growth opportunities of our Wedding Bell and Radium Mountain uranium projects.
A sample submission will be sent to the Australian Laboratory Services, in Vancouver, for physical uranium and vanadium assays results. We look forward to updating the market in due course.
HIGHLIGHTS
• Anomalous uranium and vanadium samples to be sent to Australian Laboratory Services (“ALS”) Canada (results expected in Q1 2024), with review and assessment of the results expected shortly thereafter.
• Detailed mineralisation and geological interpretations combining the 2022 results.
• 2024 resource – infill and extension – drilling at Rim Rock and Groundhog mine areas.
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URANIUM-VANADIUM PROJECTS
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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.