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0.55 0.00 (0.00%)

Bid:

0.50

Ask:

0.60

Spread: 0.10 (20.00%)

Market Cap: £5.67m

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IN BRIEF: Thor Energy finds high-grade uranium intercepts at Groundog

Mon, 04th Dec 2023 13:28

Thor Energy PLC - US and Australia-focused mineral exploration company - Announces high-grade uranium intercepts at Groundhog prospect at the Wedding Bell and Radium Mountain projects,in southwest Colorado. Says the reverse circulation drill programme comprised of 23 shallow holes totaling 2,737 metres. Downhole gamma readings indicated up to 6,885 parts per million of uranium.

Managing Director Nicole Galloway Warland says: "These results confirm our expectations that we would achieve shallow high-grade uranium from the drilling program, highlighting the significant potential and exciting growth opportunities of our Wedding Bell and Radium Mountain uranium projects.

"A sample submission will be sent to the Australian Laboratory Services, in Vancouver, for physical uranium and vanadium assays results. We look forward to updating the market in due course."

Current stock price: 1.69 pence, up 8.7%

12-month change: down 55%

By Sabrina Penty, Alliance News reporter

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