Thor Energy signs deal for "much lower impact, environmentally friendly exploration program"
September 04, 2023 at 09:50 am EDT
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Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) Managing Director Nicole Galloway Warland speaks to Thomas Warner from Proactive after the uranium and energy metals-focused exploration company announced a collaboration with Fleet Space Technology to conduct Ambient Noise Tomography (ANT) surveys over Thor Energy's Alfred East project area.
The partnership promises to provide real-time data with minimal environmental impact, reducing the need for extensive drilling. She says the deal allows for a The genesis of this partnership came from the success of an ANT survey conducted by Fleet Space Technology over Thor Energy's Alfred West project. Galloway Warland explains that the results were impressive enough to prompt a deepening of the relationship, and Fleet Space Technology have made an equity investment of £250,000 in Thor Energy as part of the deal just announced.
In the coming weeks, Thor Energy and Fleet Space will deploy geodes that communicate with satellites, commencing the ANT surveys over the northern portion of the project. Subsequent data integration, aided by machine learning and AI, will yield a revised 3D geological model. Galloway Warland also gives an overview of Thor Energy's other current work, highlighting the recent granting of drilling permits for its Wedding Bell and Radium Mountain drilling programmes in Colorado.
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Proactive UK Ltd
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uk@proactiveinvestors.com
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Thor Energy PLC is a United Kingdom-based exploration company with a focus on uranium and energy metals. The Company's project consists of Ragged Range Gold Project, Alford Copper-Gold Projects, Molyhil Tungsten Project, and Uranium-Vanadium Project. The Company holds 100% interest in three uranium and vanadium projects (Wedding Bell, Radium Mountain and Vanadium King) in the Uravan Belt Colorado and Utah. The Ragged Range Project is located in the prospective Eastern Pilbara Craton, Western Australia. The Molyhil tungsten-molybdenum-copper deposit is located 220km north-east of Alice Springs (320km by road) within the prospective polymetallic province of the Proterozoic Eastern Arunta Block in the Northern Territory. The Alford East Copper-Gold Project is located on EL6529. The Company also holds 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.
THOR ENERGY PLC 
