Business
Uranium Targets Identified
Uranium Targets Identified.
About this update from Thor Energy Plc
[{"type":"text","content":"\n\n27 July 2023\nThor Energy Plc\n \n(\"Thor\" or the \"Company\")\n \nUranium Targets Identified\nWedding Bell and Vanadium King Uranium Projects, USA\n \nThe 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.\nProject Highlights:\n§ Several strong uranium anomalies delineated; these are along strike of historic workings, as well as over previously untested areas (Figure 1).\n§ Ground truthing is now underway over the uranium anomalies, which are being prioritised and ranked.\n§ 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).\n§ 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.\n \n\nFigure 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.\nNicole Galloway Warland, Managing Director of Thor Energy, commented:\n\"Thor is very excited by the results from the recently completed high-resolution heliborne magnetic and radiometric surveys. Several strong uranium anomalies were identified and are located along strike of the historic workings (such as Groundhog at Wedding Bell Project) which may represent extensions to the mineralisation, whilst several new untested areas of interest have also been highlighted. One of these anomalies is our Section 23 prospect (Figure 1).\n\"At the Wedding Bell and Radium Mountain projects, there is a positive correlation between the first pass structural interpretation of the magnetic data and the historic workings. This could indicate increased porosity or fluid conducts within the sediments, which allowed the uranium and vanadium mineralisation to precipitate out. As a result, key structural features and radiometric anomalies wil...