uranium

this is brilliant

3rd April 2007
Thor Mining PLC (AIM/ASX: THR) is pleased to announce that drilling will commence shortly on a number of targets at Hale River subject to approvals from the DPIFM and the CLC. The modelling and interpretation of 200m spaced HoistEM data at Hale River has been completed which 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.
Final interpretations have been received for the Hale River Uranium project. 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.
Commenting on the results, Thor’s Chief Executive Officer, Mr John A. Young, said:

“I am very pleased with the results from the HoistEM survey at Hale River. Drilling programs are now being planned in detail and are scheduled to commence in April 2007. Drilling will test a number of priority targets some of which have all the ingredients for a discovery.”
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