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
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.