TRADING UPDATES: Thor Energy reports significant drill intercepts

Wed, 26th Apr 2023 19:33

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Thor Energy PLC - London-based uranium and vanadium explorer - Announces new rare earth element drill results from a review of the previously announced 2021 copper and gold drilling at the Alford East project in South Australia. Reports significant REE drill intercepts. Notes the REE review revealed that eight out of nine of the 2021 diamond drill holes intersected wide zones of highly enriched REE's in kaolin altered, copper rich oxide zones of IOCG style mineralisation. Nicole Galloway Warland, Managing Director said: "This batch of results compares very favourably in terms of depth, thickness and grade to its peer group in the fledgling Australian REE sector."

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East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Provides results from diamond drilling on the Dalny licence of the Chu-Ili orogenic gold belt in Kazakhstan. Explains results show shallow intersections of potentially economic grades and widths from the Alatagyl northern zone with planning of follow-up exploration work ongoing. Alex Walker, CEO says: "We are undertaking a review of the drill results against the historical data to expand our knowledge of the mineralisation system and determine the scope of the follow-up exploration programme.''

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PEXA Group Ltd - Sydney, Australia-based operator of PEXA Exchange, a digital property settlements platform in Australia - Confirms holding early-stage talks with Smoove PLC as part of review of appropriate opportunities for inorganic growth both domestically and overseas. States, were a bid to happen, it would be all cash.

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Bradda Head Lithium Ltd - Isle of Man-based US focused lithium exploration company - Announces the initial results from an internal analysis of the first five drill holes of the Basin East extension 2023 sonic drill programme; confirming that lithium bearing clay continues and thickens to the northwest and north into its BEE lease. Adds whilst this initial analysis awaits confirmation from the core assays, the apparent and complete stratigraphic section in drill hole BES-23-05 should lead to resource expansion for the company in the third quarter in 2023.

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By Jeremy Cutler, Alliance News reporter

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