Highlights
- 70-hole drill program at Thor completed, 34,010 feet drilled.
- Discovered new projected roll front trend of 1.39 miles for increased total of 4.85 miles.
- 50% (35) of the holes met grade and GT1 cutoff, with an average GT of 0.65
- New mineralised trend found within lease Section 29 with best hole a strong GT of 2.552
- Mineralisation conducive to ISR recovery with water table 100-200 ft above host sands.
- Two drill rigs have now commenced operations at the Odin claims as part of the ~65-hole
- program to target redox trends at the Odin, Loki, Teebo, and Wicket East claim groups
“This round of drilling at Thor has confirmed our belief that the project has significant potential to deliver a viable ISR uranium resource. Results have both met and exceeded our expectation, especially given the new and strongly mineralised
trend encountered within our Section 29 state lease. The mineralisation identified shows real
potential for ISR development and we are now well positioned to deliver a maiden resource estimate
report on the Thor project in Q1 of next year. I look forward to continued exploration success at the
Odin, Wicket East, Teebo and Loki prospects over the coming weeks leading up to Christmas.”
Bruce Lane
Executive Director
