Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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You're gobsmacked then! This is to remind me how wrong I can get it. The whac-a-mole approach to mining.
What's this 'WE' business?
If you hold any shares in ANY company I'd be gobsmacked.
If they hit a 10 ton nugget of pure gold, you'd be moaning about them having to dig it out.
Glad to hear some positive news.
Good luck to all genuine holders.
Lets hope we don't need another placing at this low share price to fund all the new drilling!
Funny how news lands again when it’s rock bottom, rsi on the floor and ready for a good bounce to turn sentiment. Good update and plenty more in hand.
Great News. ATB
Finally!
Looks like Thor are getting back on track after 2 disrupted years, which is good!
US Uranium and Vanadium Drilling Approvals Received
The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are delighted to announce that all drilling approvals have been granted on the Company’s 100% owned Wedding Bell and Radium Mountain Projects, located in the historic uranium-vanadium mining district within the Uravan mineral belt, southwest Colorado, USA (See Figure 1).
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 target the prospective ‘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).
Section 23 – Drillhole 1
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“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. Drillholes are now pegged and final drilling 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.”
Its because everything is now underway and results waiting so nothing major today. The price might yet see 0.47 top double bottom but its looking very very oversold now. It was back @ 0.625 but breached support as sentiment turned on no news and then updates of more waiting. Bargain buying now though
were doomed if we ever release news which is remotely negative!
Maybe the negativety is lack of news on other projects ?
Market reaction very negative though
Nicole* and 'too'... its early!
Good to see progress, I would have thought we would have been updated on the USA assets to as Nicola has just been out there.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"It's exciting to be commencing our second phase of RC drilling at the Sterling Prospect, Ragged Range, including drill testing the recently identified EM conductor beneath the nickel gossan, at the Krona Prospect.
"These are robust geochemical targets associated with key structural features defined by Thor, associated with the regional thrust faulted mafic -ultramafic contact within the Kelly Greenstone Belt.
"We look forward to updating the market as results come through."
For the record, that's my purchase (not sale!) of 50,000 shares at 10:32 this morning...
GLA!!
Just needs to be REAL, thought I'd look up viable Nickel mining grades - "NICKEL: This valuable metal doesn’t usually occur in nature as a bulk tonnage target since most bulk tonnage mines contain 100 million tonnes of ore or more, and most hard rock nickel deposits are less than 10 million tonnes in size. Therefore, anything over 20 metres in thickness (significantly less thickness than other commodities) and 2% nickel grade or better would be reasonably considered high-grade. Example: In September 2007, Noront Resources released two nickel intercepts from shallow drilling between 80 metres and 150 metres deep, with a section of 71 metres grading 1.8% nickel and 1.5% copper. The stock moved from $0.80 to $4.00." https://www.mining.com/web/making-the-grade-understanding-exploration-results/
tiny trades are a magic ingredient of AIM these days if nothing else I guess it bumps up the trades.
bsg - well if you know better sell out not moan about their salaries.
Not focused at all on a couple of their 'best' chances. Whac-a-Mole approach. Keeps them in salaries.
Is that not how exploration works in Juniors?
I hate to say I am starting to agree with you bsg.