Thor Energy Receives Approval For Uranium Drilling

The directors of Thor Energy Plc have announced that all approvals have been granted for drilling at 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, US.

Project highlights:

All approvals and permits have been granted to commence follow-up drilling from the successful 2022 programme: Rim Rock, Groundhog, and Section 23 at the Wedding Bell and Radium Mountain projects.

The proposed 4000 m programme is designed to further advance the uranium and vanadium projects, with drilling along strike of the mineralisation at Rim Rock and Groundhog, targeting airborne uranium anomalies, and to continue assessing the underexplored Section 23 area, where drilling in 2022 confirmed the uranium and vanadium prospectivity of the area.

Drilling contractor Boart Longyear is secured, with drilling to start in September.

Nicole Galloway Warland, Managing Director of Thor Energy, comments:

“Thor is delighted to now have all approvals in place to commence our proposed upcoming drilling program at our priority uranium and vanadium prospects, at the Wedding Bell and Radium Mountain projects. We are excited as the news aligns with our green energy strategy.

“It has been a great effort by the Thor team and the supportive local communities, enabling us to now move forward with final drill site preparations, ready for the drill rig in September.

“In the meantime, Thor is on the ground actively following up on our identified uranium anomalies from the recently completed magnetic and radiometric surveys. Each anomaly is being mapped, sampled, and ranked for potential drill testing.

“We look forward to updating the market when drilling commences.”