The directors of Thor Energy Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to provide an exploration update on the Company’s 100% owned Wedding Bell and Radium Mountain uranium and vanadium projects in the Uravan Mineral Belt, Colorado, USA
HIGHLIGHTS
- Assay results validate downhole gamma readings for uranium and confirm broader enriched vanadium mineralisation.
- Vanadium assay results include:
• 1.5m @ 2660ppm (0.27%) V2O5 from 83.8m (22WB012A) – Groundhog
• 1.5m @ 1776ppm (0.18%) V2O5 from 59.4m (22WB014) – Rim Rock
• 3.0m @ 1640ppm (0.16%) V2O5 from 83.8m (22WB012) – Groundhog
•1.5m @ 1026ppm (0.10%) V2O5 from 83.8m (22WB011) – Section 23 Close-spaced airborne magnetics and radiometric survey to commence over all three projects, once the ground conditions are suitably dry.
Drill permitting has commenced for follow up drilling at both Wedding Bell and Radium Mountain.
We are pleased to receive these very encouraging vanadium assay results for the selection of physical samples sent for analysis. The assay results confirm the uranium mineralisation determined by downhole gamma and highlight broader enriched vanadium haloes of up to 0.27% vanadium. These vanadium-rich halos are typical of this style of ‘Salt Wash’ sandstone-hosted uranium mineralisation.
Drill permitting is underway for our next round of drilling at Wedding Bell, and initial drilling at Vanadium King, Utah, following the airborne geophysical survey. A close-spaced airborne radiometric and magnetics survey is planned over all three projects area once the conditions are suitably dry given there is still a small amount of snow and water at present on the ground.
ABOUT THE
URANIUM-VANADIUM PROJECTS
LATEST
NEWS
Equity Placing to Accelerate Uranium Drilling
Thor Energy Plc has completed a successful capital raise of AUD$1m to accelerate exploration activities at the Company’s 100% owned uranium assets, located in the historic uranium-vanadium mining district within the Uravan Mineral Belt, in Colorado and Utah, USA
Uranium Drilling Approvals Granted
All approvals have been granted for drilling at the Wedding Bell and
Radium Mountain Projects, located in the historic uranium-vanadium mining district within the Uravan
Mineral Belt, southwest Colorado, USA
Uranium Targets Identified
Thor Energy Plc is pleased to announce the positive results from the recently completed heliborne magnetic and radiometric surveys over the Company’s 100% owned uranium and vanadium projects.
Global Mining Review Article – The Power Of Uranium
In this Global Mining Review article Nicole Galloway Warland, Managing Director, Thor Energy Plc, explores the current challenges facing nuclear fuel supply, and how the complex combination of supply and demand factors mean that Uranium miners operating in friendly juristictions are certain to benefit.
High-Resolution Airborne Magnetic & Radiometric Surveys Commence
Detailed airborne magnetic and radiometric surveys have commenced over the Company’s 100% owned uranium and vanadium projects – Wedding Bell, Radium Mountain and Vanadium King, situated within the Uravan Mineral Belt in Colorado and Utah, USA
Investor Presentation – RIU Sydney 2023
Thor Energy Plc is pleased to provide investors a chance to view the presentation titled “New Green Economy: Exploring for Uranium
and Energy Metals”, delivered by Nicole Galloway Warland, Managing Director, at Resources Round Up in Sydney 2023.