Join our daily newsletter At The Bell to receive exclusive market insights
- Thor Energy (THR) reveals promising results from heliborne magnetic and radiometric surveys carried out over its uranium and vanadium projects in the US
- The company identified several strong uranium anomalies at its Section 23 prospect running along strike historic workings and its Groundhog prospect
- Thor is ranking targets to be prioritised for its upcoming drilling program
- The company already has Federal (BLM) and Colorado (DRMS) drill permits and awaits San Miguel County approval to commence follow-up drilling from 2022
- THR shares are up 11.1 per cent, trading at 0.5 cents at 2:07 pm AEST
Thor Energy (THR) has revealed promising results from heliborne magnetic and radiometric surveys carried out over its uranium and vanadium projects in the US.
The company identified several strong uranium anomalies at its Section 23 prospect, which runs along strike historic workings and its Groundhog prospect.
Ground truthing is now underway over the uranium anomalies, with targets being prioritised and ranked.
“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,” THR Managing Director Nicole Galloway Warland said.
“Positive progress is being made with the proposed 2023 drilling program permits at the Wedding Bell project, with approval received from the Federal Bureau of Land Management (BLM) and the Colorado Division of Reclamation and Mining Safety (DRMS).
“The final step in the approval process is with the San Miguel Board of County Commissioners Meeting scheduled in mid-August.”
The company has already received Federal (BLM) and Colorado (DRMS) drill permits, and eagerly awaits San Miguel County approval to commence follow-up drilling from its successful 2022 program.
THR shares were up 11.1 per cent, trading at 0.5 cents at 2:07 pm AEST.
