Thor Mining readies to drill promising targets at US uranium project

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 […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet