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
Uranium Drilling Commences at Wedding Bell Project
Drilling has commenced at Groundhog Prospect, on the Company’s 100% owned Wedding Bell Project, located in the uranium-vanadium
mining district of the Uravan Mineral Belt, southwest Colorado, USA.
Drill Preparations Underway At Wedding Bell Uranium Project
On-ground drill site preparations are now underway for our 2024 drilling programs at Rim Rock and Groundhog mine areas, with drilling scheduled to commence in early October
Uranium Drill Approvals Granted, Wedding Bell and Radium Mountain Projects, USA
All approvals and permits have been granted to commence follow-up drilling at Wedding Bell and Radium Mountain projects including Rim Rock and Groundhog Prospects
Equity Placing to Accelerate Uranium and Copper Exploration
With the addition of these funds the Company is now in a position to plan for the next phases of exploration at its’ USA and South Australian projects.
RIU – Investor Presentation (May 2024)
Thor Energy Plc is pleased to provide investors with a chance to view the presentation slides from the Investor Presentation titled “Uranium Focus”, prepared by MD Nicole Galloway Warland, for the RIU Conference in Sydney.
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