Figure 1: 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.
The directors of Thor Energy Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are 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 – Wedding Bell, Radium Mountain and Vanadium King, situated within the Uravan Mineral Belt in Colorado and Utah, USA.
- Several strong uranium anomalies delineated; these are along strike of historic workings, as well as over previously untested areas (Figure 1).
- Ground truthing is now underway over the uranium anomalies, which are being prioritised and ranked.
- The priority anomalies identified at Section 23 Prospect, and along strike of the Groundhog historic workings, will both be drill-tested as part of the proposed upcoming drilling program (Figure 1).
- Federal (BLM) and Colorado (DRMS) drill permits received, now awaiting San Miguel County approval to commence follow-up drilling from the successful 2022 Program, at Rim Rock, Groundhog and Section 23, Wedding Bell Project.
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
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.
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