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Thor Mining Plc

Tuesday, October 9th, 2007

Thor Mining is pleased to announce an update on current exploration activities on its uranium exploration projects in the Northern Territory of Australia.
The results received from Daicos last month has again focused our attention back on the Harts Ranges with work programs concentrating on two prospect areas, the priority being Daicos where rock chip sampling produced some spectacular results of up to 19% Uranium.
We expect to begin a detailed soil and rock sampling program over Daicos with two objectives, firstly to delineate RC drilling targets and secondly to generate significant geochemical information for use on regional target identification. A program has been planned to cover an area of around 1.5 square kilometres at Daicos.
At Mt Mary, the Indiana prospect contains numerous pegmatites. Rock chip sampling in July returned an average of 220ppm U with a peak of 673ppm U. This area has the potential for large tonnage low grade type U deposits and will be investigated further.
Commenting on the latest results, Thor Mining’s Chief Executive Officer, Mr John Young said: “I have initiated further systematic work programs to identify drilling targets as soon as practically possible, I believe ground based geochemical surveys and mapping combined with interpretation of detailed radiometric data is the key to unlock the potential of the Harts Ranges”.
For further information contact John Young, CEO Tel: +61 (0) 419 954 020

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