The directors of Thor Energy Plc (AIM, ASX: THR) are pleased to announce the completion of the reverse circulation (“RC”) drilling program 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
• The shallow RC drilling program is now complete at priority prospects; Section 23, Rim Rock Mine and Groundhog
• The program comprised 23 shallow drillholes totalling 2,737m, with geological logging visually identifying favourably reduced sands in all drillholes.
• Downhole gamma logging returns up to 3,186 ppm (0.32%) eU3O8 uranium at the Rim Rock Mine, along strike of historic mined-out areas (Table A) – (ASX/AIM: 15 November 2023)
• Groundhog Mine downhole gamma results are pending.
Drilling at our Wedding Bell and Radium Mountain projects is now complete, with all drillholes intersecting favourably reduced sands indicative of hosting uranium and vanadium mineralisation.
This has been a safe and well-executed program by Thor’s experienced locally based (Nucla-Montrose, Colorado USA) uranium exploration team.
A sample submission to Australian Laboratory Services, in Vancouver, for uranium and vanadium assays results is currently in progress and the remaining downhole gamma eU308 uranium results will be released to the market once the surveys are complete.
ABOUT THE
URANIUM-VANADIUM PROJECTS
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Successful Uranium Drilling Program Completed, USA
The shallow RC drilling program is now complete at priority prospects; Section 23, Rim Rock Mine and
Groundhog.
Significant Uranium Mineralisation Intercepted
Significant uranium has been intercepted in drilling at Thor’s 100% owned Wedding Bell and Radium Mountain Projects
Investor Presentation – Investor Meets Company (November 2023)
Thor Energy Plc is pleased to provide investors a chance to view the presentation titled “New Green Economy: Uranium Focus”, delivered by Nicole Galloway Warland, Managing Director on the 2nd of November 2023.
Uranium Drilling Commences at Wedding Bell and Radium Mountain Projects
Thor Energy Plc (AIM, ASX: THR) is pleased to announce the commencement of drilling at the Company’s 100% owned Wedding Bell and Radium Mountain Projects in the USA
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