Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I’m strapped in
...strap in folks...should be fun...
Project prospective for "Salt wash" type sandstone hosted mineralisation within the high-grade uranium-vanadium Uravan mineral belt.
-- Three priority target areas identified - Section 23, Groundhog and Rim Rock.
-- Field sampling by Thor returned assay results of high-grade uranium (up to 1.25% U(3) O(8) ) and vanadium (up to 3.47% V(2) O(5) ) as announced on 21 July 2020.
-- Historic uranium-vanadium mining jurisdiction, within close proximity to well-developed infrastructure.
-- Close to the White Mesa mill which has historically acted as toll milling plant
-- Shallow depth of prospective uranium-vanadium fluvial sandstone hosted uranium is conducive to testing with low-cost reverse circulation ("RC") drilling.
-- We aim to quickly and inexpensively see if there is mineralisation which may require further investigation
-- Drilling is scheduled to commence in May 2021, once permitting is complete.
Mick Billing, Executive Chairman of Thor Mining, commented:
"With uranium prices at current levels, we are pleased to be in a position to commence drilling at our Colorado uranium-vanadium project once permitting is complete. Based on the historic mining in the region and our due diligence, we are excited to be testing this prospective area which is known to host high-grade uranium deposits.
"In particular, Section 23 appears to have not been drill tested by previous mining companies despite the geological setting which appears very similar to that of the nearby historical high-grade production areas, hopefully providing Thor with a potential opportunity to make a significant new discovery.
"Thor is led by a management and technical team with proven uranium credentials, working closely with our US team.
"We look forward to updating investors on the progress of this project in due course."
PROJECT LOCATION AND HISTORY
The US Uranium-Vanadium Project comprising Vanadium King, Radium Mountain, and the Wedding Bell group of claims, lies within the 110km long Uravan mineral belt extending across Colorado and Utah, USA.
The Uravan mineral belt and adjacent uranium-vanadium mining districts of the Colorado Plateau are reported to have produced, over the past 100 years, in excess of 85million lbs U(3) O(8) and over 660 million lbs of V(2) O(5) from the Salt Wash Sandstone member of the Jurassic, Morrison Formation. The average production grades from the Uravan mineral belt from the 1940s to January 1979 are reported be 0.25% U(3) O(8) and 1.29% V(2) O(5) (Thamm. et al., 1981(b) ).
(b) www.osti.gov/servlets/purl/6512174
The Uravan mineral belt is a historic uranium-vanadium mining jurisdiction, close to well-developed infrastructure. A processing plant which has historically taken ore from the region on a toll treatment basis is located near Blanding, Utah within relatively close proximity to Thor's claims.
A map showing the project location and the nearby White Mesa processing plant location is on the Thor
The Japanese high court have ruled today that the
Shikoku electric co can re-start their nuclear reactor pending a final inspection later in the year.
This is a really good example on how sentiment is changing.
On high volume, SP up 23% @ 01:14 UK time.
Good day today.
0.90s tomorrow may be ?
Uranium energy corp have just purchased an additional 800,000 lbs of US uranium, 500,000 lbs to be delivered in April, 300,000lbs to be delivered in December.
and Zak Mir's gobbledegook beartrap charts (always guaranteed a self fulfilling prophecy) and RNS haven't we done well?
thanks
0.84 and 0.85 just went through.
Still very cheap.
THR hit 1.40 back in Nov 2020. This time around it could go much higher than 1.40 in my view.
I asked for good news and we got it - a spike upwards on US markets opening and what I thought was going to be a slow drip downwards we see a sharp rise upwards. AIM will do it to you every time!!!! Just when you think a share is a dead duck it goes QUACK and flies off - Ha Ha
.85 paid ?
We got a commodities Boom going on.
THR should extremely well from here. They got all the commodities that are going Up in demand.
i recalled EMH was rerating soon after they got listed in US pink counter. lithium is hot in US and despite placing in UK, sp continue to rise as US investors are buying
same with Uranium, US investors are hot in uranium and uranium US stock like UUUU has risen several bags already from low.
i suspect over time, US investors will start buying in THR strongly and our sp will rise rapidly
Just found £5 in a jacket pocket and thought I might buy a few more shares in Thor. Not now though, I think I missed the gravy train!
US opened 1:30 UK time due to daylight saving. Back to 2:30 when UK changes. GLA
...to see if this pick up in five minutes time and indeed next couple of days...gla and sit tight
Also PILOT MOUNTAIN in USA should become very attractive to both: US investors / Institutions
Orion.
Excellent observation.
MOLYHIL in AUS starting to look very attractive now to both Aussie investors / institutions.
Tungsten projects are starting to attract strong interest in Australia. KIS - $10 million Govt loan -$5.6 mill. cap raise. TGN at Mt Mulgine- market cap $120 million. VMC - $10 million standby facility - $69 million market cap. EQ Resources $6.5 million cap raise Mt Carbine. Thor only $21 million market cap on ASX. Must be Thor's time in the sun to develop Moly Hill :-)
I expect Thor to re- rate just on tungsten alone.
On reflecting on this move , my thinking is why now?
Past drilling has already revealed very high grades of Uranium. THOR made a superb strategic move in acquiring both deposits in Utah / Colorado.
Uranium about to go into Deficit....
B. RILEY Investment Bank might have got US institutional investors already to get into THR in my opinion. Timing is very perfect...coincidence?