GTI Energy

Activity Update – Lo Herma & Green Mountain Drill Permitting on Track

GTI Energy Ltd (ASX: GTR) (GTI or Company) is pleased to advise that planning for the 2024 field season in Wyoming has progressed well and permitting is on track to facilitate drilling during Q3.


Highlights

  • Lo Herma drilling permit amendment in progress to optimise follow-up drilling, increase total number of drill holes, and construct monitoring wells for groundwater data collection – drilling is scheduled for Q3 2024
  • Lo Herma Mineral Resource Estimate & Exploration Target to be updated in Q4 2024
  • Green Mountain maiden drilling planned for 2024 with permitting underway
  • Utah uranium/vanadium projects under evaluation to determine potential paths for renewed exploration, resource development or other value creating activities

LO HERMA PROJECT: 2024 DRILLING PERMIT AMENDMENT

42 drill holes remain permitted and undrilled at Lo Herma, however a review of the drilling conducted during December 2023 has helped the Company to refine and expand the planned 2024 drilling program to include 71 drill hole locations and construction of up to 5 groundwater monitoring wells. This next phase of exploration at Lo Herma will be focused on expanding the resource areas and where possible, upgrading the current mineral resource classification. Collection of important data including, hydrogeologic parameters of the mineralised aquifers and collection of rock core samples for metallurgical testing will be also prioritised.

GTI intends to mobilise drilling rigs to Lo Herma as soon as the activity is fully permitted, and environmental clearances are finalised. At this time, GTI anticipates that drilling will commence at Lo Herma during July 2024.

Following completion of the 2024 drill program at Lo Herma, GTI intends to publish an updated mineral resource estimate and exploration target range for the project. The Company expects that the updated mineral resource estimate will support near-term development of a Scoping Study to demonstrate the economic potential of the project.

The most recent drill results from Lo Herma and a summary of the project geology can be found in the Company’s 20 December 2023 news release.

GREEN MOUNTAIN PROJECT: DRILLING PERMIT

As previously advised on 21 November 2023, the Company completed an airborne geophysical survey at its Green Mountain Project to help refine a previously planned (but not permitted) drilling program. The now updated drilling plan includes 16 potential drill holes targeting 12 Miles of anomalous radiometric signature (Figure 1) which has been correlated with historical Kerr McGee drill holes maps.

A conceptual universe of 50 drill holes was initially developed with specific drill hole locations and access routes selected in consideration of site-specific topography and environmental considerations – the GTI technical team has now finalised this drill plan, selecting 16 drill holes that will be permitted for the 2024 drilling season should funding and weather conditions allow. The planned drill program will test the validity of the historical Kerr McGee drill hole maps, as well as the interpreted mineralised regions as determined from the airborne geophysical survey.

A “Class I Cultural Resource Report” and site Environmental Review have been completed with both of these studies incorporated into the planning of the drill program. Final on-site review of access will be completed as weather allows after which the Company will file the Drilling Notification. GTI will make a final decision to proceed once reclamation bonding is approved by Wyoming’s DEQ & the Federal BLM.

FIGURE 1. GREEN MOUNTAIN PROJECT SHOWS 12 MILES (19 KM) ANOMALOUS URANIUM TRENDS

GREEN MOUNTAIN PROJECT: GEOLOGIC SETTING AND MINERALISATION

The Green Mountain Project is located along the northeastern flank of the Great Divide Basin (GDB). The GDB consists of up to 25,000 feet of Mesozoic to Quaternary sediments and along with the Washaki Basin to the southwest, comprise the greater Green River Basin which occupies much of southwestern Wyoming. The Great Divide basin is structurally bounded by uplifted and fault displaced Precambrian rocks, creating an internally drained and isolated hydrogeologic basin.


Click here for the full ASX Release

This article includes content from GTI Energy, 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.

GTR:AU
GTI Energy

GTI Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
GTI Energy (ASX:GTR)

GTI Energy


Keep reading...Show less
Positive Uranium Leach Test Results at Lo Herma

Positive Uranium Leach Test Results at Lo Herma

GTI Energy (GTR:AU) has announced Positive Uranium Leach Test Results at Lo Herma

Download the PDF here.

Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

GTI Energy (GTR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow Report

Download the PDF here.

Two Water Wells Completed & Staking Finalised at Lo Herma

Two Water Wells Completed & Staking Finalised at Lo Herma

GTI Energy (GTR:AU) has announced Two Water Wells Completed & Staking Finalised at Lo Herma

Download the PDF here.

Hydrology Drilling to Support Scoping Study Commenced

Hydrology Drilling to Support Scoping Study Commenced

GTI Energy (GTR:AU) has announced Hydrology Drilling to Support Scoping Study Commenced

Download the PDF here.

Eclipse Metals

Eclipse Metals and Boss Energy Sign Binding Option & Earn-In Agreement for Liverpool Uranium Project

Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to announce the execution of a binding option and earn-in agreement with Boss Energy Limited (ASX: BOE) (Boss). Through the agreement, Eclipse and its wholly owned subsidiary North Minerals Pty Ltd have granted Boss Energy the option to earn up to an 80% interest the Liverpool Uranium Project, located in the highly prospective Alligator Rivers Uranium Field of West Arnhem Land, Northern Territory (the Project).This strategic alliance seeks to unlock the significant potential of the Project through a structured investment and exploration program.

Keep reading...Show less
Australian Rare Earths

AR3 Intersects Shallow Uranium Occurrence at Overland

Australian Rare Earths Limited (ASX: AR3) is pleased to announce highly encouraging results from its ongoing exploration drilling program at the Overland Uranium Project.

Keep reading...Show less
Several red cubes that display the uranium periodic table information on each side roll on a blue surface.

Laramide Increases Uranium Resource at Westmoreland Project

Toronto-based Laramide Resources (ASX:LAM,TSX:LAM,OTCQX:LMRXF) announced an updated mineral resource estimate (MRE) for its Westmoreland uranium project in Queensland, Australia.

In the February 28 release, the Australia and US-focused uranium company said that the updated estimate demonstrates 34 percent and 11 percent increases in its indicated and inferred resource categories, respectively.

The total indicated resource is 48.1 million pounds of uranium oxide (U3O8) at an average grade of 770 parts per million (ppm), accounting for 70 percent of the total resource.

The remaining 30 percent is classified as inferred and totals approximately 17.7 million pounds of U3O8 at an average grade of 680 ppm.

Keep reading...Show less
Saskatchewan on a map.

Denison Mines Moves Closer to Federal Approval for Phoenix ISR Uranium Project

Dual listed uranium miner Denison Mines (TSX:DML,NYSEAMERICAN:DNN) announced that the Canadian Nuclear Safety Commission (CNSC) has scheduled public hearings for the Wheeler River uranium project in Saskatchewan, marking a significant step toward final federal approval.

Denison Mines is a uranium mining, development and exploration company focused on the Athabasca Basin region of Northern Saskatchewan, Canada. The company holds an effective 95 percent interest in its flagship Wheeler River uranium project, the largest undeveloped uranium project in the Eastern Athabasca Basin.

The public hearing, set for later this year on October 8 and December 8 through 12, will be the final stage in the environmental assessment process and the decision regarding the company’s application for a Licence to Prepare and Construct a Uranium Mine and Mill.

Keep reading...Show less
Western Uranium & Vanadium Advances Mustang Mineral Processing Site to Bolster Regional Production

Western Uranium & Vanadium Advances Mustang Mineral Processing Site to Bolster Regional Production

Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (" Western " or the " Company ") is pleased to provide an update of its operational strategy and ongoing developments at the  Mustang Mineral Processing Site and Maverick Minerals Processing Site, positioning the Company as a key player in the regional uranium and vanadium processing sector.

In October 2024, Western successfully acquired the Mustang Mineral Processing Site (formerly the Pinon Ridge Mill Site), a move that significantly enhances the Company's capabilities and processing infrastructure. The acquisition includes all historical data and equipment utilized for the site's previous successful licensing application. The Colorado Department of Public Health and Environment (CDPHE) has issued a license for this facility twice, underscoring the site's compliance with stringent regulatory requirements. This site is located approximately 25 miles from Western's Sunday Mine Complex mining operations in Colorado.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
GTI Energy

GTI Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×