GTI Resources

Further Strongly Encouraging Drill Results At Thor ISR Uranium Project

GTI Resources Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs completed 15 new holes last week. This brings the total holes drilled so far to 39 of a planned 50,000‐foot (~15,000m) ~100‐ hole maiden drill program at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1).


Highlights:

  • 15 new holes completed last week bringing the total of holes now completed to 39 of the planned ~100‐hole maiden drill program
  • 19 of 39 holes to date met or exceeded Grade Thickness (GT) cutoff with average of 0.60GT
  • Results continue to exceed expectations with 49% of holes drilled recording better than the minimum targeted economic Grade Thickness (GT) cutoff of 0.2GT1
  • Mineralisation continues to demonstrate characteristics conducive to ISR recovery
  • 1st phase of drilling concluded December 17th with balance of holes planned for early 2022

Executive Director Bruce Lane commented:

“Results from the first batch of drill holes at Thor have exceededourexpectations.Themineralisationencounteredsofarshowsstrongpotentialfordevelopment withawellmineralisedandconsistentthicknessofISRamenablesandsstartingataround100feetbelow the water table. We’re delighted with the performance of the geological team and the drill crew in Wyoming, and we look forward to more good results after the Christmas break. The outlook for 2022 is very positive for uranium and it promises to be an exciting year forGTI.”

Click here for the full ASX Release

This article includes content from GTI Resources, 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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Figure 1. Thor Project Uranium Drilling Location Map, Great Divide Basin, Wyoming USA

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Highlights:

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    • HJ24DD017 – 25.00m @ 393.64 ppm (0.04%) U 3 O 8 from 15.00m ,
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Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to announce another batch of assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ) and the receipt of a permit for exploration for a large land package immediately east of and adjacent to the current Westmoreland land tenure.

News Provided by Canada Newswire via QuoteMedia

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Highlights:

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