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.
ABOUT THE
URANIUM-VANADIUM PROJECTS
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NEWS
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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.