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  5. IN BRIEF: Thor Energy starts uranium drilling at Colorado projects

Pin to quick picksThor Energy Share News (THR)

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Share Price Information for Thor Energy (THR)

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Share Price: 0.90
Bid: 0.80
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Change: 0.00 (0.00%)
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IN BRIEF: Thor Energy starts uranium drilling at Colorado projects

Wed, 18th Oct 2023 13:30

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Announces commencement of drilling at its 100%-owned Wedding Bell and Radium Mountain projects. Both are located in the Uravan mineral belt in southwest Colorado. Thor says the 4,000 metre drilling programme will target uranium mineralisation along strike of the Rim Rock and Groundhog mines and focus on testing for airborne anomalies. Company will conduct downhole gamma surveys throughout the programme. Drilling is expected to take four to six weeks with completion in late November, with sample analysis results expected in December or January. Says current uranium spot price is USD73 per pound.

Managing Director Nicole Galloway Warland says: "Thor is encouraged by the growth opportunities in the uranium sector, with the uranium spot price at a 12-year high, supported by strong supply and demand fundamentals. This aligns with our strategic focus on energy metals and our commitment to advancing our USA uranium projects."

Current stock price: 1.51 pence, up 0.3% on Wednesday afternoon in London

12-month change: down 68%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Nov 2022 11:04

AIM WINNERS & LOSERS: Enwell loses Ukraine license; Thor strikes gold

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Thor Mining celebrates best gold intercept yet at Pilbara project

(Alliance News) - Thor Mining PLC said it anticipates positive returns from Kelly's Ridge, after initial drilling revealed high-grade intercepts.

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LONDON MARKET OPEN: FTSE 100 boosted by miners as commodities rise

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IN BRIEF: Thor Mining begins drilling at Kelly's prospect in Australia

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IN BRIEF: Thor Mining begin drilling at Kelly's prospect in Australia

Thor Mining PLC - Australia-focused exploration and development company - Begins drilling at Kelly's prospect in the Ragged Range project in Eastern Pilbara. Drilling targets the sheared contact of Euro Basalts and Boobina Porphyry that forms a silicified ridge extending over 1 kilometre. Drilling follows up on rock chip samples returning up to 16 grams per tonne of gold and 55 grams per tonne of silver.

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Thor Mining begins drilling in region historically low in uranium

(Alliance News) - Thor Mining PLC said that it has begun drilling at the Wedding Bell and Radium Mountain projects in the Uravan Mineral Belt in south-west Colorado, US.

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Thor Mining launches drilling programme at Colorado assets

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IN BRIEF: Thor Mining starts airborne survey over Ragged Range project

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