Thor Energy drops hammer on US drilling

Thor Energy Plc (ASX:THR) has completed reverse circulation (RC) drilling at its 100% owned Wedding Bell and Radium Mountain projects in the historic uranium-vanadium mining district within the Uravan Mineral Belt, southwest Colorado, US.

Downhole gamma logging with eU308 uranium results for the remaining drillholes will be released once surveys are completed, which are anticipated at the end of November 2023.

Anomalous uranium and vanadium samples will also be sent to Australian Laboratory Services (ALS) Canada with results expected in Q1 2024, and review and assessment of the results expected shortly thereafter.

The shallow RC drilling is now complete at priority prospects Section 23, Rim Rock Mine, and Groundhog in a program comprising 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 have been reported.

Groundhog Mine downhole gamma results are pending.

Managing Director Nicole Galloway Warland says drilling at Wedding Bell and Radium Mountain has been a safe and well-executed program by Thor’s locally based 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.”

The company is focused on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy.

Thor has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium, and gold.

Its projects are located in Australia and the US. Thor holds 100% interest in 3 uranium and vanadium projects (Wedding Bell, Radium Mountain and Vanadium King) in the Uravan Belt in Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.

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Written By Adam Orlando Managing Editor Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Adam has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.