The directors of Thor Energy Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce significant uranium drill intercepts 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 3186 ppm (0.32%) eU3O8 uranium at the Rimrock Mine, along strike of historic mined-out areas.
• Significant results above 500ppm (0.05%) eU3O8 (historical cut-off grade in the Uravan Mineral Belt) include:
• 23WBRA011 0.5m @ 3186ppm (0.319 %) eU3O8 from 76.2m
• 23WBRA012 0.6m @ 1710ppm (0.171%) eU3O8 from 63.1m
• 23WBRA013 0.3m @ 1080ppm (0.108%) eU3O8 from 61.3m
• 23WBRA016 0.8m @ 1954ppm (0.2%) eU3O8 from 67.4m
• 16 drillholes are now complete at Rimrock and Section 23 prospects, with uranium mineralisation intercepted
in all drillholes.
• Drilling continuing at Rimrock before moving to Groundhog prospect, with further downhole gamma results anticipated at the end of the program.
These are significant uranium results, reflecting the high-grade nature of the uranium mineralisation within the Uravan Mineral Belt. With results found well above the Uravan Mineral Belt’s historical cut-off grade, this drilling program strengthens the project's overall economic outlook. This reaffirms our long-term strategic focus towards the 100% owned USA uranium projects within the Thor portfolio.
The drilling program is progressing well, with completion anticipated in late November 2023, and we look forward to updating the market with further uranium gamma results upon completion of the drilling program.
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.