Thor Energy Drills Positive Vanadium Assay Results at Wedding Uranium Project
THE DRILL SERGEANT: Thor Energy (ASX: THR) reported recent drilling results from the company’s 100 per cent-owned Wedding Bell and Radium Mountain uranium and vanadium projects in the Uravan Mineral Belt, Colorado, USA.
Thor Energy said the assay results had validated previous downhole gamma readings the company had recorded for uranium as well as confirming broader enriched vanadium mineralisation.
Vanadium assay results included:
Groundhog
22WB012A
1.5 metres at 2660ppm (0.27%) vanadium pentoxide (V2O5) from 83.8m; and
22WB012
3m at 1640ppm (0.16%) V2O5 from 83.8m.
Rim Rock
22WB014
1.5m at 1776ppm (0.18%) V2O5 from 59.4m
Section 23
22WB011
1.5m at 1026ppm (0.10%) V2O5 from 83.8m
Thor Energy indicated it will commence close-spaced airborne magnetics and a radiometric survey over all three projects, once the ground conditions are suitably dry.
“We are pleased to receive these very encouraging vanadium assay results for the selection of physical samples sent for analysis,” Thor Energy managing director Nicole Galloway Warland said in the company’s ASX announcement.
“The assay results confirm the uranium mineralisation determined by downhole gamma and highlight broader enriched vanadium haloes of up to 0.27 per cent vanadium.
“These vanadium-rich halos are typical of this style of ‘Salt Wash’ sandstone-hosted uranium mineralisation.
“Drill permitting is underway for our next round of drilling at Wedding Bell, and initial drilling at Vanadium King, Utah, following the airborne geophysical survey.
“A close-spaced airborne radiometric and magnetics survey is planned over all three projects area once the conditions are suitably dry given there is still a small amount of snow and water at present on the ground.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE