12 August
2024
Thor Energy
PLC
("Thor"
or the "Company")
Uranium Drill Approvals
Granted
Wedding Bell and
Radium Mountain Projects, USA
The directors of Thor Energy Plc ("Thor") (AIM,
ASX: THR, OTCQB: THORF) are pleased to announce that all approvals
have been granted for drilling at the Company's 100% owned Wedding
Bell and Radium Mountain Projects, located southwest Colorado, USA
(Figure 1).
Project Highlights:
§ All approvals and
permits have been granted to commence follow-up drilling at Wedding
Bell and Radium Mountain projects including Rim Rock and Groundhog
Prospects (Figure
1).
§ Options for drill
programmes include testing along strike of the known mineralisation
at Rim Rock and Groundhog that may, if successful form part of any
future mineral resource estimations.
Photo 1: Collecting
background Scinotometer readings over proposed drill
pads
Nicole Galloway Warland, Managing Director of Thor Energy,
commented:
"Thor is delighted to now have all approvals in place for
drilling at our priority uranium and vanadium prospects, at the
Wedding Bell and Radium Mountain Projects.
"Thor would like to thank the supportive local communities,
enabling us to now move forward with our exploration of these
projects."
Figure 1:
Wedding Bell and Radium Mountain Projects,
Colorado
The Board of Thor Energy Plc has approved this
announcement and authorised its release.
For further information, please
contact:
Thor Energy
PLC
|
|
Nicole Galloway Warland, Managing
Director
Ray Ridge, CFO / Company Secretary
|
Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935
|
Zeus Capital
Limited (Nominated Adviser and Joint Broker)
|
Tel: +44 (0) 203 829 5000
|
Antonio Bossi / Darshan Patel / Isaac
Hooper
|
|
SI Capital
Limited (Joint Broker)
|
Tel: +44 (0) 1483 413 500
|
Nick Emerson
|
|
Yellow Jersey
(Financial PR)
|
thor@yellowjerseypr.com
|
Dom Barretto / Shivantha Thambirajah / Bessie
Elliot
|
Tel: +44 (0) 20 3004 9512
|
Competent Person
Statement
The
information in this report that relates to Geological
interpretation and Exploration Results is based on information
compiled by Nicole Galloway Warland, who holds a BSc Applied
geology (HONS) and who is a Member of The Australian Institute of
Geoscientists. Ms Galloway Warland is an employee of Thor Energy
PLC. She has sufficient experience which is relevant to the style
of mineralisation and type of deposit under consideration and to
the activity which she is undertaking to qualify as a Competent
Person as defined in the 2012 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves'. Nicole Galloway Warland consents to the inclusion in the
report of the matters based on her information in the form and
context in which it appears.
About Thor
Energy Plc
The Company is predominantly focused
on uranium and energy metals that are crucial in the shift to a
'green' energy economy. Thor has several highly prospective
projects that give shareholders exposure to uranium, vanadium,
copper, tungsten, lithium, nickel and gold, located in the
favourable mining jurisdictions of Australia and the
USA.
Thor holds 100% interest in three
uranium and vanadium projects (Wedding Bell, Radium Mountain and
Vanadium King) in the Uravan Belt region of Colorado and
Utah, with
historical high-grade uranium and vanadium drilling and production
results.
At Alford East in South Australia,
Thor has earnt an 80% interest in oxide copper deposits considered
amenable to extraction via In-Situ Recovery techniques
(ISR). In January 2021, Thor announced an
Inferred Mineral Resource Estimate.
Thor also holds a 26.3% interest in
a private Australian copper development company EnviroCopper
Limited (ECL), which Kapunda copper mine and the Alford West copper
project, both situated in South Australia, and both considered
amenable to recovery by way of ISR.
Thor holds 75% interest of the
advanced Molyhil tungsten-molybdenum project in Joint Venture with
Investigator Resources Limited, in the Northern Territory of
Australia, which was awarded Major Project Status by the Northern
Territory government in July 2020.
Thor owns 100% of the Ragged Range
Project, comprising 92 km2 of exploration licences with
highly encouraging early-stage gold and nickel results in the
Pilbara region of Western Australia.
For further information on Thor
Energy and to see an overview of its projects, please visit the Company's website
at https://thorenergyplc.com/.
The Company notes that for the
relevant market announcements noted above, that it is not aware of
any new information or data that materially affects this
information and that all material assumptions and technical
parameters underpinning any estimates continue to apply and have
not materially changed.