Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) managing director Nicole Galloway Warland speaks with Proactive's Stephen Gunnion about the company's upcoming drilling plans for its Wedding Bell and Radium Mountain Projects in Colorado. Galloway Warland shared that drilling will commence in early October, with preparations already underway at the Rim Rock and Groundhog sites.
The program aims to follow up on successful drilling results from 2022 and 2023. Notably, the company is focusing on infill drilling at Groundhog around a previous find of five meters at 0.1% uranium and 0.6% vanadium, with plans to step out 300 meters to explore the potential extension of the mineralization. Galloway Warland emphasised that Thor Energy aims to gather enough data from this campaign to move forward with a resource estimate that complies with both JORC and NI 43-101 standards.
The necessary approvals for the project are already in place, and results from the downhole geophysics are expected to come through shortly after the first two holes are drilled.