Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has completed a reverse circulation drill programme at its Wedding Bell and Radium Mountain projects in southwest Colorado.
The programme comprised 23 shallow holes for a total of 2,737 metres of drilling, testing priority targets including the Rim Rock Mine and the Groundhog areas.
Immediate results (downhole gamma logging) indicated the presence of uranium at Rim Rock, meanwhile Groundhog’s gamma results are still pending.
Detailed assay results will follow.
"Drilling at our Wedding Bell and Radium Mountain projects is now complete, with all drillholes intersecting favourably reduced sands indicative of hosting uranium and vanadium mineralization,” managing director Nicole Galloway Warland said in a statement.
She added: “A sample submission to Australian Laboratory Services, in Vancouver, for uranium and vanadium assays results is currently in progress and the remaining downhole gamma eU308 uranium results will be released to the market once the surveys are complete."