1st page of new Announcement on ASX22 Jun 2022 01:17
US Uranium and Vanadium Drilling Approvals Received
The directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are delighted to announce that all drilling approvals have been granted on the Company’s 100% owned Wedding Bell and Radium Mountain Projects, located in the historic uranium-vanadium mining district within the Uravan mineral belt, southwest Colorado, USA (See Figure 1).
Project highlights:
? The proposed drilling program at the priority Rim Rock, Groundhog and Section 23 prospects will commence once a suitable drill rig has been sourced (Figure 2).
? Drilling will target the prospective ‘Saltwash’ horizon of sandstone-hosted uranium and vanadium mineralisation at shallow depth.
? Field sampling by Thor has returned assay results of high-grade uranium (up to 1.25% U3O8) and vanadium (up to 3.47% V2O5) (THOR ASX, AIM: 21 July 2020).
Section 23 – Drillhole 1
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“Thor is delighted to have all permits now in place for our proposed upcoming drilling program. Based on my recent site visit I am very encouraged by the extent of mineralisation observed and the project overall prospectivity. Drillholes are now pegged and final drilling preparation underway.
We look forward to getting on the ground and testing these shallow high-grade targets, especially Section 23, where Thor will be the first company to access and drill test this highly prospective area.”