Uranium Exploration Update

RNS Number : 3261V

Thor Mining PLC

28 May 2008

 



THOR MINING PLC

URANIUM EXPLORATION UPDATE

Dated: 28 May 2008

Thor Mining PLC (the 'Company' or 'Thor'), AIM, ASX: 'THR' the specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia, today announces an update on current exploration activities at its uranium exploration projects in the Northern Territory of Australia.

At Bundey River Uranium Project 2,500 metres of air-core drilling will be completed during May and June to test for roll front style mineralisation in the palaeo-channels identified and modelled from the airborne EM survey completed in January 2008. A detailed interpretation of the data has been received from Montana GIS. A number of basement conductors have also been identified which may have base metal potential, a few of these will be selected for drill testing at the completion of the program. The drilling rig being used has slimline RC capability to 120m.

Commenting on the planned work, Thor Mining's Chief Executive Officer, Mr John Young said: 'A number of drilling targets have now been identified and this short program is designed to focus on targets identified within the top 100m. This is our first drilling program for 2008 and we are planning on completing further work on the Harts Range Uranium Project when suitable drilling equipment has been contracted'.

Enquiries:

John Young	[phone]	Thor Mining PLC	Chief Executive Officer
John Simpson	020 74894500	Blomfield Corporate Finance Ltd	Nominated Adviser

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.

 

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