Thor Energy commences uranium drilling

Project Highlights:

• The 4000 m drilling programme will target mineralisation along strike of the Rim Rock and Groundhog mines, focus on testing airborne uranium anomalies, and continue assessing the underexplored Section 23 area.
• Downhole gamma surveys are to be conducted throughout the programme, providing market updates with uranium results, as they become available.
• Uranium spot price has hit a 12-year high of US$73/lb, with the year-to-date price rising by 51.88%.

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

“RC drilling has now commenced at our Wedding Bell and Radium Mountain uranium projects, starting at Section 23 prospect, followed by Groundhog and Rim Rock prospects.

“We will be downhole gamma logging regularly throughout the programme, so we look forward to updating the markets as these uranium results become available.

“Thor is encouraged by the growth opportunities in the uranium sector, with the uranium spot price at a 12-year high, supported by strong supply and demand fundamentals. This aligns with our strategic focus on energy metals and our commitment to advancing our USA uranium projects.”

Read the article online at: https://www.globalminingreview.com/exploration-development/18102023/thor-energy-commences-uranium-drilling/