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Thor Mining encouraged by NT uranium results
14:11, Tuesday, 13 February 2007

Thor Mining plc (ASX code: THR) reports further reconnaissance sampling
at its Harts Range, Plenty Highway and Bundey uranium projects in the
Northern Territory has returned "encouraging" results, including several
elevated uranium values.
The company has also announced initial results from the
comprehensive Hoist EM survey covering its NT uranium portfolio, with
drill-testing of key targets set to commence shortly.
Reconnaissance exploration work has been completed within the
Harts Range tenement group.
A number of samples returned significant results of >0.10% U,
all of which have a very strong REE (rare earth element) association.
One sample from an area near the Haddock prospect within EL
24736 was very high in uranium (8.87% U), tantalum (19%) and niobium
(18%), suggesting the sample contained coarse tantalite crystals.
Two significant results of 0.17% U and 0.26% U were also
returned from the Garnet prospect, located within EL 24765.
Detailed mapping and radiometric surveys of these structures and
pegmatites is essential in order to develop an exploration model which
may lead to an economic uranium discovery in the Harts Ranges.
Thor also has received an initial interpretation from the
recently completed HoistEM survey covering the Plenty Highway uranium
project.
This interpretation indicates the presence of three major
east-west palaeo-channels with the potential to host uranium
mineralisation within the project area.
These palaeo-channels are believed to contain significant
carbonaceous matter, the essential ingredient for the formation of roll
front uranium deposits.
Thor CHESS Depositary Interests rose 8c to 27c today.