Thor Energy Plc (AIM: THR | ASX: THR | OTCQB: THORF) has announced that all approvals have been granted for drilling at the company’s Wedding Bell and Radium Mountain projects, located in the historic uranium-vanadium mining district within the Uravan mineral belt of southwestern Colorado, USA.
“It has been a great effort by the Thor team and the supportive local communities, enabling us to now move forward with final drill site preparations, ready for the drill rig in September,” commented Nicole Galloway Warland, managing director of Thor Energy.
“In the meantime, Thor is on the ground actively following up on our identified uranium anomalies from the recently completed magnetic and radiometric surveys. Each anomaly is being mapped, sampled, and ranked for potential drill testing.”
Project highlights include all approvals and permits granted to commence follow-up drilling from the successful 2022 programme at Rim Rock, Groundhog and Section 23, at Wedding Bell and Radium Mountain projects.
The proposed 4,000m programme is designed to further advance the uranium and vanadium projects, with drilling along strike of the mineralization at Rim Rock and Groundhog, targeting airborne uranium anomalies, and to continue assessing the underexplored Section 23 area, where drilling in 2022 confirmed the uranium and vanadium prospectivity of the area.
Thor is focused on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy and has a number of highly prospective uranium, nickel, copper, lithium, and gold projects located in Australia and the US.
Thor holds 100% interest in three uranium and vanadium projects (Wedding Bell, Radium Mountain, and Vanadium King) in Colorado and Utah with historical high-grade uranium and vanadium drilling and production results. Drilling contractor, Boart Longyear, is secured and drilling is set to start in September 2023.
For further information, please visit: www.thorenergyplc.com
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