Project Highlights
- The proposed drilling program at the priority Rim Rock, Groundhog and Section 23 prospects will commence once a suitable drill rig has been sourced(Figure 2).
- Drilling will targettheprospective ‘Saltwash’ horizon of sandstone-hosted uranium and vanadium mineralisation at shallow depth.
- Field sampling by Thor has returned assay results of high-grade uranium (up to 1.25%U3O8) and vanadium (up to 3.47% V2O5) (THOR ASX, AIM:21 July 2020).
“Thor is delighted to have all permits now in place for our proposed upcoming drilling program. Based on my recent site visit I am very encouraged by the extent of mineralisation observed and the project overall prospectivity. Drillholesarenowpegged and finaldrilling preparation underway. We look forward to getting on the ground and 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
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USA URANIUM - VANADIUM PROJECTS
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High Grade Uranium and Vanadium Assays – Wedding Bell and Radium Mountain Projects, USA
Assays return up to 3,0348 ppm (3.0%) V2O5 vanadium pentoxide, with uranium assay grades up to 6,250ppm (0.63%) U3O8, consistent with the high-grade downhole gamma uranium results
Uranium Update – Wedding Bell and Radium Mountain Projects, USA
An exploration update on the Wedding Bell and Radium Mountain Projects, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA.
High-Grade Uranium Intercepts at Groundhog Prospect
Downhole gamma logging returns up to 6,885ppm (0.69%) eU3O8 uranium along strike of the historic mine working at Groundhog Mine.