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URANIUM - Hale River drilling to start E-mail

Thor Mining is expected to start drilling shortly on a number of targets at its Hale River uranium project.

The modelling and interpretation of 200 metre spaced HoistEM data at Hale River has been completed and has identified a complex palaeo-channel structure. The area has had limited previous coverage with wide-spaced reconnaissance drilling which identified anomalous ‘roll front" style mineralisation.

A 3D basement topography surface has been created from interpretation of 1D layered earth inversion modelling of the HoistEM survey data and the locations of conductivity shells have revealed five drill targets within a south-easterly striking palaeo-channel and the connecting subsidiary channels.

3D modelling of conductivity shells is interpreted to indicate the presence of carbonaceous sediments within the palaeo-channels providing a reducing trap for uranium bearing groundwater essential for the formation of Roll Front Uranium deposits.

Thor Mining chief executive officer John Young says: "I am very pleased with the results from the HoistEM survey at Hale River. Drilling programs are now being planned in detail. Drilling will test a number of priority targets some of which have all the ingredients for a discovery."

A 3000 metre drilling program has been designed to test the target areas.

 
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