Managing Directors comments:
We are excited with the progress made during the March Quarterly 2023. The beginning of the year was a big step change as we evolved to become Thor Energy Plc. Whilst we will be progressing our gold and copper projects in Australia, our philosophy will be to focus on the ‘green energy’ economy with our uranium and vanadium projects in both Utah and Colorado in the United States of America.
We were delighted to receive the vanadium assay results for the selection of physical samples sent for analysis. The assay results at the Wedding Bell and Radium Mountain project confirmed the uranium mineralisation determined by downhole gamma and highlight broader enriched vanadium halos 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. A close-spaced airborne radiometric and magnetics survey will occur at all three projects in the United States once we believe the conditions are suitably dry to progress. We anticipate this will happen in the upcoming weeks.
We were pleased to announce earlier this week the Rare Earth Element discovery at our Alford East project, with a review indicating that eight out of the nine 2021 diamond drill holes have shallow, wide zones of highly enriched REE results within copper-rich oxides zones of IOCG style mineralisation. When compared to peers, these results compare very favourably in terms of depth, thickness, and grade.
We recently announced our ANT survey at the Alford West project was extremely successful in subsurface mapping. The use of the ExoSphere by Fleet® enabled the survey to be more efficient in exploration, minimising the environmental impact and improving drill targeting. We believe the subsurface ANT results will be integrated with historical drilling data to generate a new drilling program that can target higher-grade oxide copper-gold and REE mineralisation.
We look forward to updating the market as the subsurface maps are further refined with drill targets.”
WATCH: Managing Director Nicole Galloway Warland talk to Thomas Warner from Proactive about the latest news, including the potential high-grade rare earth (REE) discovery at Alford East Copper Gold Project which she describes as a “potential gamechanger.”
LATEST
NEWS
New 3D Model Highlights Structural Controls on Copper Mineralisation at Alford
The 3D ANT Modelling has provided significant lithological and structural insights. Combining this information with Thor’s dataset has led to an exciting new 3D Model of the Alford East Copper-REE Project, South Australia.
Half Yearly Report (2024)
Thor Energy Plc is pleased to provide investors with the Half Yearly Report for the period up to December 31 2023.
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
Quarterly Activities and Cash Flow Report (December 2023)
Read about the main advancements in our key projects for Thor Energy Plc (AIM, ASX: THR) during the September quarter.
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.
Alligator Energy Invests into South Australian In-Situ Recovery Copper
Thor Energy Plc is pleased to announce a strategic investment by Alligator Energy Limited into EnviroCopper Ltd (“ECL”) to further develop In- Situ Recovery (“ISR”) copper projects. Thor currently holds a 30% equity interest in ECL.