Thor Mining Plc (AIM, ASX: THR) has commenced drilling at the 100%-owned Wedding Bell and Radium Mountain Projects, located in the historic uranium-vanadium mining district within the Uravan Mineral Belt, southwest Colorado, USA.
Project highlights:
▪ Maiden 2000m drilling programme has commenced at the priority Rim Rock, Groundhog and Section 23 prospects within the Wedding Bell and Radium Mountain Projects
▪ Drilling will target the prospective ‘Salt Wash’ horizon of sandstone-hosted uranium and vanadium mineralisation at shallow depths (~ 80m) for total drilling up to 2000m.
▪ Drilling at Rim Rock and Groundhog Prospects is designed to test extensions to high- grade uranium and vanadium mineralisation sampled within and around historic workings of up to 1.25% Uranium (U3O8) and 3.47% Vanadium (V2O5)
▪ A fenceline of drillholes at Section 23 Prospect will be the first holes drilled into this highly prospective area.
▪ The Wedding Bell and Radium Mountain Prospects are easy to access and close to excellent infrastructure.
“Commencement of drilling at the Wedding Bell Project is a significant milestone for Thor. We look forward to testing these shallow, high-grade targets, especially Section 23, where Thor will be the first company to access and drill test this highly prospective area,” Managing Director Nicole Galloway Warland, said.
“Short to long term fundaments for nuclear energy are the best in over 50 years, with demand increasing due to climate change carbon emission initiatives, electrification, responses to the global energy crisis exacerbated in Europe by the Russian invasion, and advancements in small modular reactors (SMR). “
“As uranium prices rise and the US looks to secure domestic uranium supply, Thor is in an excellent position to advance this promising US asset.”
Drilling Programme
The initial drill programme at the Wedding Bell and Radium Mountain Project comprises 15 drillholes for a total of 2000m, drilled to an average depth of 80m (down to ~150m), to fully test the highly prospective Salt Wash Sandstone horizon at three priority targets.
High-grade assay results from due diligence work completed by Thor returned up to 1.25% U3O8 and 3.47% V2O5, confirming uranium and vanadium mineralisation within the Brushy Basin Shales and the Salt Wash Sandstone of the Morrison Formation. This is consistent with and typical of the historical production in the Wedding Bell and Radium Mountain area of the Uravan Mineral Belt.
Following this work, three priority areas within the Wedding Bell and Radium Mountain claims were highlighted for drill testing – Section 23, Rim Rock and Ground Hog.
Section 23 in the southeast corner of the Wedding Bell claims has been identified by Thor Mining and World Industrial Minerals LLC (US Consulting team) as the highest priority drill target in the Colorado Uranium-Vanadium Project. This area represents the only large area in the claim block with the “Salt Wash” Member precluded from historic prospecting, drilling and mine production. Proposed drillholes for this area.
For further information please visit: https://www.thormining.com/
