Thor Mining readies to drill promising targets at US uranium project

Uranium exploration company Thor Mining has pinpointed several new promising targets for drilling at its Wedding Bell and Radium Mountain project in the US. The targets – Section 23, Groundhog, and Rim Rock – were detected after Thor Mining (ASX:THR) carried out field sampling that returned assay results for high-grade uranium of up to 1.25 per cent, and for vanadium of up to 3.47 per cent.

“With uranium prices at current levels, we are pleased to be in a position to commence drilling at our Colorado uranium-vanadium project once permitting is complete,” executive chairman, Mick Billing, said.

Uranium is trading at $US30 per pound and is up 25 per cent from its market low of $US24 per pound a year ago.

Drilling at the target sites is expected to begin in May once official permits are issued.The three exploration targets identified for drilling are within a historic high-grade uranium-vanadium mining district in […]

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