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GTI Resources Ltd (GTI or Company) advises that the approvals process is underway for approximately 40,000 feet of follow-up drilling at the Company’s Thor ISR uranium project area and circa 60,000 feet of maiden drilling at the Wicket, Teebo, Odin and Loki projects (Figures 1 & 2).
The drill program is expected to commence starting at the Thor ISR project during July with the drill permitting and bonding process well underway for the drilling campaign.
FIGURE 1. GDB WYOMING ISR URANIUM PROJECTS
FIGURE 1. GDB WYOMING ISR URANIUM PROJECTS
GTI is targeting development of economically viable ISR amenable uranium resources at its projects in Wyoming’s Great Divide Basin. The most advanced of these projects to date is the Thor Project located adjacent to Ur-Energy’s 18Mlb Lost Creek deposit1 & operating ISR uranium plant. Exploration to date has successfully identified mineralisation with economic potential based on widths, grades & depth of mineralisation (ASX release 29 March 2022)2.
THOR PROJECT DRILLING
The July drilling program will initially commence at the Thor Project area where follow-up drilling of up to 70 new holes (~ 40,000 ft) will target extensions of the 2 miles of mineralised roll front already identified to date. Drilling will focus on the north-eastern section of the Thor project including the two Wyoming state leases located north/east of the lode claim block successfully explored by GTI to date (Figure 2).
WICKET EAST PROJECT DRILLING
The Wicket East Project abuts the southern boundary of Ur-Energy’s Lost Soldier Deposit (Figure 2). Drilling of up to 20 holes (~20,000 ft) of drilling at Wicket East seeks to explore a projected mineralised trend extending from the southern boundary of the Lost Soldier property for approximately 3 miles, as defined by historic drilling information similar in nature to that used successfully in the planning of the Thor drilling.
ODIN, LOKI & TEEBO PROJECTS DRILLING
The Odin & Teebo claims are located adjacent to UEC claim holdings (former Uranium One) east of their Antelope Project. The Loki claims are located south of UEC’s Antelope project & north of Ur Energy’s Lost Creek project. Drilling of up to 40 holes (~40,000 ft) collectively across the Teebo, Loki & Odin projects also seeks to explore mineralised trends, over a combined length of approximately 5 miles, as defined by historic drilling information similar in nature to that used successfully in the planning of the Thor drilling.
Click here for the full ASX Release
This article includes content from GTI Resources (ASX:GTR,OTCQB:GTRIF), licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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