Business
Drilling Program Completed
Drilling Program Completed.
About this update from Thor Energy Plc
[{"type":"text","content":"\n\n22 November 2023\nThor Energy PLC\n \n(\"Thor\" or the \"Company\")\n \nDrilling Program Completed\nWedding Bell and Radium Mountain Projects, USA\n \nThe directors of Thor Energy Plc (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the completion of the reverse circulation (\"RC\") drilling program 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 (Figure 1).\n \nDrilling Highlights:\n§ The shallow RC drilling program is now complete at priority prospects; Section 23, Rim Rock Mine and Groundhog (Figure 1)\n§ The program comprised 23 shallow drillholes totalling 2,737m (Figure 1-4, Table B), with geological logging visually identifying favourably reduced sands in all drillholes.\n§ 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 (Table A) - (ASX/AIM: 15 November 2023)\n§ Groundhog Mine downhole gamma results are pending.\n \n\nPhoto 1: Geological logging at Rim Rock Prospect, Wedding Bell\n \nNicole Galloway Warland, Managing Director of Thor Energy, commented:\n \n\"Drilling at our Wedding Bell and Radium Mountain projects is now complete, with all drillholes intersecting favourably reduced sands indicative of hosting uranium and vanadium mineralisation.\n \n\"This has been a safe and well-executed program by Thor's experienced locally based (Nucla-Montrose, Colorado USA) uranium exploration team.\n \n\"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.\"\n \nUpcoming News Flow:\n§ Down hole gamma logging with eU308 uranium results for remaining drillholes to be released once surveys are completed (anticipated end of November 2023).\n§ Anomalous uranium and vanadium samples to be sent to Australian Laboratory Services (\"ALS\") Canada (results expected in Q1 2024), with review and assessment of the results expected shortly thereafter.\n \nWedding Bell and Radium Mountain Project, Colorado:\n \nThe RC drill program comprised 23 shallow dri...