11th May 2007 09:37
Thor Mining PLC11 May 2007 THOR MINING PLC URANIUM UPDATE Dated: 11 May 2007 Thor Mining PLC ("the Company" or "Thor") AIM, ASX: "THR", the specialist metalscompany focused on advancing tungsten-molybdenum and uranium projects in theNorthern Territory of Australia, announces today that air core drilling willcommence on 13 May at its 100% owned Hale River Project ("Hale River"). TheCentral Land Council and representatives of the traditional people of the areawere on site on Wednesday 9 May and Thursday 10 May. Thor has today receivedverbal approval for approximately 90% of all drilling sites. The MiningManagement Plan for the initial work programme has also been approved by theDepartment of Primary Industries Fisheries and Minerals. The final report on the Hale River Hoist EM interpretation from the Company'sconsultants resulted in six prospective areas being identified along southeasterly striking palaeo-channels, with depth to basement estimated between 45mand 130m. These channels also contain irregular flat conductive carbonaceoussedimentary units, which are an important component for the localisation ofsecondary uranium mineralisation. Orbit Drilling Pty Ltd have been contracted to complete the 47 hole, 3,000m aircore drilling programme. Drilling results should be available in approximatelysix weeks. Approvals have also been sought for drilling on the Plenty River Project,located to the north east of Hale River. JORC Compliance The information in this report that relates to exploration results, mineralresources or ore reserves is based on information compiled by John Young, who isa Member of The Australasian Institute of Mining and Metallurgy. John Young is adirector of Thor Mining PLC. John Young has sufficient experience which isrelevant to the style of mineralisation and type of deposit under considerationand to the activity which he is undertaking to qualify as a Competent Person asdefined in the 2004 Edition of the "Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves". John Young consentsto the inclusion in the report of the matters based on his information in theform and context in which it appears. Enquiries: John Young + 61 (0)419 954 020 Thor Mining PLC Chief Executive Officer John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Leesa Peters 020 7429 6600 Conduit PR Limited Public or RelationsJos Simson 020 7429 6603 Nicholas Read + 61 (0) 8 9388 1474 Read Corporate Public Relations/ Australia Updates on the Company's activities are regularly posted on Thor's websitewww.thormining.com, which includes a facility to register to receive theseupdates by email. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Thor Energy