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IN BRIEF: Thor Energy finds high-grade uranium intercepts at Groundog
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
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Latest THR News
- Thor Energy partners with Fleet Space for mineral exploration
4 Sep 2023 - Thor gets needed approvals for new drilling programme
17 Aug 2023 - AIM WINNERS & LOSERS: Tremor cuts guidance after soft first half
17 Aug 2023 - Thor Energy gets all approvals needed for Colorado projects drilling
17 Aug 2023 - UK shareholder meetings calendar - next 7 days
16 Aug 2023 - IN BRIEF: Thor Energy proposes share consolidation to reduce shares
4 Aug 2023 - AIM WINNERS & LOSERS: Ilika up as inks 10-year manufacturing licence
4 Aug 2023 - TRADING UPDATES: Spectral does not expect delay to Rosecliff deal
1 Aug 2023
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