Project Highlights
- The proposed drilling program at the priority Rim Rock, Groundhog and Section 23 prospects will commence once a suitable drill rig has been sourced(Figure 2).
- Drilling will targettheprospective ‘Saltwash’ horizon of sandstone-hosted uranium and vanadium mineralisation at shallow depth.
- Field sampling by Thor has returned assay results of high-grade uranium (up to 1.25%U3O8) and vanadium (up to 3.47% V2O5) (THOR ASX, AIM:21 July 2020).
“Thor is delighted to have all permits now in place for our proposed upcoming drilling program. Based on my recent site visit I am very encouraged by the extent of mineralisation observed and the project overall prospectivity. Drillholesarenowpegged and finaldrilling preparation underway. We look forward to getting on the ground and testing these shallow high-grade targets, especially Section 23, where Thor will be the first company to access and drill test this highly prospective area.”
ABOUT THE
USA URANIUM - VANADIUM PROJECTS
LATEST
NEWS
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
Uranium Targets Identified
Thor Energy Plc is pleased to announce the positive results from the recently completed heliborne magnetic and radiometric surveys over the Company’s 100% owned uranium and vanadium projects.