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Mineralisation at Edna Mae Prospect
Mineralisation at Edna Mae Prospect.
About this update from Thor Energy Plc
[{"type":"text","content":"\n\n24 June 2024\nThor Energy PLC\n \n(\"Thor\" or the \"Company)\n \n Sampling returns up to 5,424ppm (0.54 %) U3O8, 1.6 % V2O5 and 2.74 % Cu.\nEdna Mae Prospect- Wedding Bell and Radium Mountain Projects, USA\n \nThe directors of Thor Energy Plc (\"Thor\") (AIM, ASX: THR, OTCQB: THORF) are pleased to provide an exploration update on the regional surface sampling program on the Company's 100% owned Wedding Bell and Radium Mountain Projects, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA (Figure 1 and Figure 3). \n\nHighlights:\n§ Rock Chip sampling at Edna Mae Prospect returned up to 5,424 ppm (0.54 %) U3O8, 1.6 % V2O5 and 2.74 % Cu.\n§ Following on from Thor's 2023 Airborne Radiometric survey, a regional reconnaissance surface sampling program consisting of mapping and rock sampling is progressing across the Wedding Bell Project, assessing all first-order anomalies for future drill testing (Figure 1 and Figure 2). Previously reported rock samples returned up to 1.25% U3O8 at Rim Rock (WR-016) and 3.87 % V2O5 at Jack Knife (WR-20) (Figure 1) (ASX/AIM: 20 July 2020).\n§ Edna Mae rock sample assay results include:\n\n\n\n\nSample No.\n\n\nU3O8 ppm\n\n\nU3O8 %\n\n\n V2O5 %\n\n\nCu %\n\n\nAg g/t\n\n\nSample Type\n\n\n\n\nWBNG001\n\n\n598\n\n\n0.06\n\n\n1.60\n\n\n2.74\n\n\n100\n\n\nDump\n\n\n\n\nWBNG002\n\n\n5424\n\n\n0.54\n\n\n1.38\n\n\n0.31\n\n\n6.4\n\n\nDump\n\n\n\n\nWBNG003\n\n\n2235\n\n\n0.22\n\n\n0.69\n\n\n0.52\n\n\n21.3\n\n\nAdit wall\n\n\n\n\n§ The Edna Mae prospect lies in the southern portion of Thor's mining claims (Figure 2), with the copper and uranium-vanadium mineralisation within altered, bitumen spotted Jurassic sandstones of the Salt Wash Member of the Morrison Formation (Photo 1 & 2). Mineralisation sits in the lower first Rim of the Salt Wash Sandstone at a similar stratigraphic position to Section 23 and Groundhog prospects.\n§ Edna Mae lies on the edge of Paradox Copper Belt, which includes the producing Lisbon Valley Copper Mine. The sediment-hosted copper mineralisation is believed to be a later, younger event to the uranium mineralisation.\n§ Preparations are underway for 2024 drilling programs (infill and extension) at Rim Rock and Groundhog mine areas, with reconnaissance surface geochemical sampling c...