The directors of Thor Energy Plc (AIM, ASX: THR) are pleased to announce the commencement of drilling at the Company’s 100% owned Wedding Bell and Radium Mountain Projects.
HIGHLIGHTS
- The 4,000m drilling program will target mineralisation along strike of the Rim Rock and Groundhog mines, focus on testing airborne uranium anomalies, and continue assessing the under-explored Section 23 area.
- Downhole gamma surveys to be conducted throughout the program, providing market updates with uranium results, as they become available.
- Uranium spot price has hit a 12-year high of US$73/lb, with the year-to-date price rising 51.88%
RC drilling has now commenced at our Wedding Bell and Radium Mountain uranium projects, starting at Section 23 prospect, followed by Groundhog and Rim Rock prospects.
We will be downhole gamma logging regularly throughout the program, so we look forward to updating the markets as these uranium results become available.
Thor is encouraged by the growth opportunities in the uranium sector, with the uranium spot price at a 12-year high, supported by strong supply and demand fundamentals. This aligns with our strategic focus on energy metals and our commitment to advancing our USA uranium projects.
ABOUT THE
URANIUM-VANADIUM PROJECTS
LATEST
NEWS
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.