Drilling Permited & Bonded, Rig Due On Site In September

GTI Energy Ltd (ASX:GTR) (GTI or the Company) (formerly GTI Resources Ltd) advises that permitting & bonding is now in place to commence the first stage of ~100,000 ft of drilling at its Great Divide Basin (GDB) Project in Wyoming.

Highlights:

• Permits & bonds now in place to start drilling at GTI’s Great Divide Basin ISR uranium project
• Drill rig due on site in during September
• Drilling is targeting known roll fronts for ISR amenable uranium
• Includes ~40,000 ft of follow-up drilling at Thor plus ~60,000 ft at Odin, Teebo, Loki & Wicket
• Drilling is anticipated to finish by Christmas 2022

Exploration Program Overview – Great Divide Basin (GDB)

DRILLING AT THOR

Thor is the most advanced of the GDB Project areas and is located adjacent to Ur-Energy Inc’s (URE) 18Mlb Lost Creek uranium deposit and operating ISR uranium processing plant2.

Exploration at Thor to date has successfully identified mineralisation with economic potential based on widths, grades & depth of mineralisation (ASX release 29 March 2022)1.

The upcoming program at Thor is now planned, permitted & bonded to include follow-up drilling of up to 70 new holes (~40,000 ft) to target extensions of the 2 miles of mineralised roll front identified from drilling completed earlier this year.

The new drilling will focus in the north-east of the project including the two Wyoming state leases located northeast of the lode claim block which GTI previously successfully explored (Figure 1).

DRILLING AT WICKET EAST

Wicket East abuts the southern boundary of Ur-Energy’s Lost Soldier Deposit (Figure 1).

Drilling of up to 20 holes (~20,000ft) at Wicket East seeks to explore a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier property for ~3 miles, as defined by historic drilling information similar in nature to that used to plan the successful maiden drilling program at Thor.

Click here for the full ASX Release

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