GTI Energy

Aerial Geophysics Data Acqusition Completed

GTI Energy Ltd (ASX: GTR) (GTI or Company) is pleased to advise that the data acquisition phase has been completed for the Company’s airborne geophysical surveys at its Lo Herma, Green Mountain and Loki West, ISR uranium exploration project areas in Wyoming. The survey was conducted using a twin- engine aircraft loaded with a suite of sensors that provide detailed radiometric, magnetic and electromagnetic data, allowing for correlation between the three products to further refine the Company’s high-priority targets and potentially locate new targets for upcoming drill programs.


  • Aerial geophysics data acquisition completed
  • Final report & imaging due September 2023
  • AU$490,000 exploration drilling bond returned by the State of Wyoming LQD

The preliminary geophysical images require further processing, and any additional interpreted zones of radiometric anomalism will require corroboration by field exploration work including drilling. The final report and interpretations are expected to be available during September at which point the Company expects to provide an update.

EXPLORATION DRILLING BOND RETURN

Wyoming’s Department of Environmental Quality’s Land Quality Division (LQD) had advised that, after inspection of the Company’s drill hole reclamation and abandonment efforts at the Thor project area, drilling bonds of US$332,587.50 (AU$489,099 based on an exchange rate of US68¢per AU$1) were approved for release back to the Company.

GTI ENERGY LTD – PROJECT PORTFOLIO

POWDER RIVER BASIN, ISR URANIUM, WYOMING, USA

GTI holds 100% of ~13,300 acres (~5,400 hectares) over a group of strategically located mineral lode claims (Claims) & 3.5 state leases (Leases) highly prospective for sandstone hosted uranium. The Lo Herma Project (Lo Herma) is located in Converse County, Powder River Basin, Wyoming. The project lies approximately ~15 miles north of Glenrock and within ~60 miles of 5 permitted ISR uranium production facilities & several satellite ISR uranium deposits. These facilities include UEC’s Willow Creek (Irigaray & Reno creek) ISR plant, Cameco’s Smith & Hyland Ranch ISR plants and Nichols Ranch ISR plant owned by Energy Fuels Inc. The Powder River Basin has an extensive ISR uranium production history and has been the backbone of the Wyoming uranium production business since the 1970s.

GREAT DIVIDE BASIN & GREEN MOUNTAIN ISR URANIUM, WYOMING, USA

GTI Energy holds 100% of ~34,000 acres (~13,500 hectares) over several groups of strategically located and underexplored mineral lode claims (Claims) & 2 state leases (Leases), prospective for sandstone hosted uranium that is amenable to low cost, low environmental impact ISR mining. The properties are located in the Great Divide Basin (GDB) and at Green Mountain1, Wyoming, USA. The properties are located in proximity to UR-Energy’s (URE) operating Lost Creek ISR Facility the GDB roll front REDOX boundary. The Green Mountain Project contains a number of uranium mineralised roll fronts hosted in the Battle Springs formation near several major uranium deposits held by Rio Tinto.


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

Disrupting the uranium supply chain through highly prospective ISR projects in Wyoming

Drilling Planned to Update & Grow Lo Herma Resource

Drilling Planned to Update & Grow Lo Herma Resource

GTI Energy (GTR:AU) has announced Drilling Planned to Update & Grow Lo Herma Resource

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.

Scoping Study Progressing Well - Key Input Studies Completed

Scoping Study Progressing Well - Key Input Studies Completed

GTI Energy (GTR:AU) has announced Scoping Study Progressing Well - Key Input Studies Completed

Download the PDF here.

John Ciampaglia, nuclear reactors.

John Ciampaglia: Uranium Turnaround? Spot Price Pop, Stocks and SPUT Raise

John Ciampaglia, CEO of Sprott Asset Management, discusses uranium supply, demand and pricing, also sharing details on the Sprott Physical Uranium Trust's (TSX:U.U,OTCQX:SRUUF) recently closed US$200 million bought-deal financing.

"It's clearly acted as a very positive catalyst — the spot price has popped, a lot of the equities have popped on this," he said about the agreement.

Keep reading...Show less
Blue Sky Uranium

Blue Sky Uranium Closes 2nd Tranche of Non-Brokered Private Placement

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that it has closed a second tranche of the private placement through the issuance of 6,828,300 units of the Company (each, a "Unit") at a price of $0.06 per Unit for aggregate gross proceeds of $409,698 (the "Offering"). To date the Company has issued 27,361,633 Units for aggregate gross proceeds of $1,641,698.

Each Unit consists of one common share and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.075 per share for three (3) years from the date of issue, expiring June 26, 2028.

Keep reading...Show less
Stallion Uranium (TSXV:STUD)

Stallion Uranium

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

×