Company
LON:THR
Thor Energy PLC is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. The company has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Thor Energy's projects are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.
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Nicole Galloway Warland, managing director of Thor Mining, commented: "The intercept of 4m @ 12.2g/t Au is an exceptional result under Kelly's Ridge, especially given the depth of the 194m downhole, showing excellent grade continuity from t
“As uranium prices rise and the US looks to secure domestic uranium supply, Thor is in an excellent position,” said managing director Nicole Galloway Warland
Drilling at Sterling unearthed anomalous gold results up to 6 metres at 0.2 grams per ton
Thor Mining has a diverse portfolio of exploration assets in Australia and North America
Managing director Nicole Galloway Warland described it as a "significant milestone" for the company
A down-hole electromagnetic survey identified a clear off-hole conductor at around 85 metres
"We are seeing an increase in the uranium price as it becomes clear that many countries, including the UK, USA and Japan, are revisiting nuclear power as a response to rising energy prices," said Thor managing director Nicole Galloway Warla
The funding will not dilute Thor’s existing 30% stake in EnviroCopper
Progress continues in Australia and the United States.
Two of three drill holes intercepted disseminated scheelite-molybdenite-chalcopyrite mineralisation hosted in a massive magnetite skarn
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Sampling is to continue with an airborne magnetics survey over Kelly's copper-gold prospect
Drilling results are expected to return in August-September
Thor has an attractive portfolio of exploration assets located in Australia and the US
Thor has an attractive portfolio of exploration assets located in Australia and the USA
"We look forward to drill testing this anomaly as part of our RC drilling program," said managing director Nicole Galloway Warland
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At the Ragged Range Project in WA, a mapping and sampling program is currently underway to test potential lithium-caesium-tantalum pegmatite targets.
The work is designed to detect the potential presence of nickel sulphide gossan-style mineralisation around the Krona Prospect using fixed loop electromagnetics
The survey is designed to detect conductive anomalies at depth
Cash balances at the end of the March quarter were A$2.78mln (£2.22mln)
