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High-Grade Uranium Intercepts at Groundhog
High-Grade Uranium Intercepts at Groundhog.
About this update from Thor Energy Plc
[{"type":"text","content":"\n\n4 December 2023\n \nThor Energy PLC\n \n(\"Thor\" or the \"Company\")\n \nHigh-Grade Uranium Intercepts at Groundhog Prospect\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 final downhole uranium gamma results for 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).\nDrilling Highlights:\n§ Downhole gamma logging returns up to 6,885ppm (0.69%) eU3O8 uranium along strike of the historic mine working at Groundhog Mine (Figure 1 and Table A).\n§ Significant uranium downhole gamma results above 2000ppm (0.2%) eU3O8 include:\n§ 23WBRA020 0.9m @ 6885ppm (0.69 %) eU3O8 from 82.66m\n§ 23WBRA019 0.3m @ 3362ppm (0.34 %) eU3O8 from 90.22m \n§ 23WBRA011 0.5m @ 3186ppm (0.32 %) eU3O8 from 76.2m\n§ 23WBRA016 0.8m @ 1954ppm (0.20%) eU3O8 from 67.4m\n§ The completed RC program comprised 23 shallow drillholes totalling 2,737m (Figure 1-8, Table B), with geological logging visually identifying favourably reduced sands in all drillholes.\n§ Uranium and Vanadium assay results pending.\n§ Further geological and mineralisation interpretations to follow.\n \n\nPhoto 1: 23WBRA020 chiptrays showing reduced grey sandstone hosting uranium mineralisation at Groundhog\n \nNicole Galloway Warland, Managing Director of Thor Energy, commented:\n\"These results confirm our expectations that we would achieve shallow high-grade uranium from the drilling program, highlighting the significant potential and exciting growth opportunities of our Wedding Bell and Radium Mountain uranium projects.\n\"A sample submission will be sent to the Australian Laboratory Services, in Vancouver, for physical uranium and vanadium assays results. We look forward to updating the market in due course.\"\n \n\nFigure 1: USA Uranium and Vanadium Project Location Map within the Ura...