The directors of Thor Energy Plc (AIM, ASX: THR) are pleased to announce that all approvals have been granted for drilling 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
- All approvals and permits have been granted to commence follow-up drilling from the successful 2022 Program: Rim Rock, Groundhog and Section 23, at Wedding Bell and Radium Mountain projects.
- The proposed 4000m program is designed to further advance the uranium and vanadium projects, with drilling along strike of the mineralisation at Rim Rock and Groundhog, targeting airborne uranium anomalies, and to continue assessing the underexplored Section 23 area, where drilling in 2022 confirmed the uranium and vanadium prospectivity of the area.
- Drilling Contractor Boart Longyear is secured, with drilling to start in September.
Thor is delighted to now have all approvals in place to commence our proposed upcoming drilling program at our priority uranium and vanadium prospects, at the Wedding Bell and Radium Mountain projects. We are excited as the news aligns with our green energy strategy.
It has been a great effort by the Thor team and the supportive local communities, enabling us to now move forward with final drill site preparations, ready for the drill rig in September.
In the meantime, Thor is on the ground actively following up on our identified uranium anomalies from the recently completed magnetic and radiometric surveys. Each anomaly is being mapped, sampled, and ranked for potential drill testing. We look forward to updating the market when drilling commences.
FURTHER UPDATE
- Field assessment is underway over the airborne uranium anomalies, identified from the recently completed radiometric surveys at all three project areas, with the anomalies to be ranked for potential drill testing.
- The priority uranium anomalies identified; at Section 23 where there has been no previous mining, and the anomalies along strike of Groundhog will both be drill-tested as part of the proposed upcoming drilling program.
- Permitting has commenced for maiden drilling at Vanadium King Project, Utah.
Wedding Bell radiometric image (U2/Th ratio) draped over Digital Elevation Model (DEM) showing uranium anomalies in red, green and light blue with priority targets circled.
NEXT STEPS
- Drilling is scheduled for September 2023.
- Drill site preparations to commence in readiness for drilling.
ABOUT THE
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.
Global Mining Review Article – The Power Of Uranium
In this Global Mining Review article Nicole Galloway Warland, Managing Director, Thor Energy Plc, explores the current challenges facing nuclear fuel supply, and how the complex combination of supply and demand factors mean that Uranium miners operating in friendly juristictions are certain to benefit.
High-Resolution Airborne Magnetic & Radiometric Surveys Commence
Detailed airborne magnetic and radiometric surveys have commenced over the Company’s 100% owned uranium and vanadium projects – Wedding Bell, Radium Mountain and Vanadium King, situated within the Uravan Mineral Belt in Colorado and Utah, USA
Investor Presentation – RIU Sydney 2023
Thor Energy Plc is pleased to provide investors a chance to view the presentation titled “New Green Economy: Exploring for Uranium
and Energy Metals”, delivered by Nicole Galloway Warland, Managing Director, at Resources Round Up in Sydney 2023.