Proactive Investors - Thor Energy PLC (LON:THRL) revealed to investors promising high-grade uranium and vanadium exploration results from its Wedding Bell and Radium Mountain projects, in Colorado, USA.
Assay results announced today included vanadium pentoxide grades of up to 3.0% and uranium grades reaching 0.63%, which potentially point to significant potential for the projects.
"The high-grade uranium and vanadium assay results confirm the high-grade nature of the Saltwash style sandstone uranium systems, within the prolific Uravan Mineral Belt,” managing director Nicole Galloway Warland said in a statement.
“The assay results also confirm the presence of wide intervals of high-grade uranium mineralisation within a halo of vanadium mineralisation.
"Whilst these 100% owned projects are uranium assets, the 10:1 vanadium-to-uranium confirms the rich vanadium endowment.”
She added: "This drilling program stepped out from the 2022 drill program, with drilling around the Groundhog and Rim Rock mines confirming mineralisation remains open along strike from historic workings.
"Preparations are now underway for a larger RC program and diamond drilling at Groundhog and Rim Rock prospects, chasing high-grade mineralisation along strike, as well as infill drilling for Resource definition."
Thor noted that its extensive drilling programme planned for 2024 aims to further define and expand its resource base.
Thor Energy is described as an the exploration and development company, focussed on uranium and energy metals, which it sees as crucial for the shift towards a 'green' energy economy.
It wholly owns several highly prospective uranium and vanadium projects in Colorado and Utah.
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