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.
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URANIUM-VANADIUM PROJECTS
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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.