GTI Energy

Positive Start To Wyoming ISR Uranium Drilling With Additional Roll Fronts Encountered At Thor

GTI Energy Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs have now completed the first 25 holes, for 12,820-feet (3,908 metres), of its planned 100,000-foot drill program in Wyoming’s Great Divide Basin. Drilling has commenced within the Thor prospect (Thor) with 40,000-feet (12,200 metres) for ~70-holes of drilling planned at Thor (Figure 2).


Highlights

  • Two rigs in operation at GTI’s Thor ISR uranium prospect
  • First 25 holes completed of the 40,000ft (~12,200m) ~70-hole drill program
  • 17 out of 25 holes met or exceeded the target uranium grade cut-off
  • Mineralisation conducive to ISR recovery with water table 100-200 ft above host sands
  • 1,830 ft of new mineralised roll fronts found to date for a total of 19,470 ft (3.69 miles)

FIGURE 1. MUD ROTARY DRILL RIGS OPERATING, THOR ISR URANIUM PROSPECT, GDB WYOMING.

THOR DRILLING BACKGROUND & RESULTS TO DATE

Drilling has commenced at the Thor prospect (Thor), located adjacent to Ur-Energy Inc’s (URE) 18Mlb Lost Creek uranium deposit and operating ISR uranium processing plant2. Exploration at Thor previously identified mineralisation with economic potential based on widths, grades & depth of mineralisation (ASX release 29 March 2022)1. An initial 100-hole (~50,000 ft) drilling campaign was completed at Thor from November 2021 – March 2022. As part of GTI’s 2022 100,000-foot drill program, a 70-hole follow-up campaign is underway to target extents of approximately 2 miles of mineralised uranium roll fronts at the Thor Project.

Twenty-five holes were completed to date of a planned 70-hole (~40,000 ft) program. Drilling is focused in the north-east of Thor, including fresh ground at the two state leases (Figures 2 & 4).

25 holes were completed for a Thor for total of 12,820 feet (3,908 metres) of drilling (Figures 2 & 4). Typical economically viable ISR grade and GT cut-offs are: 0.02% (200ppm) U3O8 and 0.2GT i.e., 10 ft (3 m) @ .02% (200ppm) U3O8. Initial results (Tables 1 & 2) are observed as follows:

  • 11 of 25 holes met both grade and GT cutoff with an average of 0.49GT
  • 7 of the remaining holes met grade cutoff but not GT, 4 had trace mineral & 3 were barren

Executive Director Bruce Lane commented“Results from the first 25 holes strongly justify this follow-up campaign at Thor. The historical drill maps combined with interpretation from our previous drilling have generated a high strike rate. The mineralisation identified continues to show potential for ISR development as we extend our understanding of the roll fronts and work towards a resource report. We look forward to continuing exploration over the coming weeks and months when conditions for US domestic uranium, particularly in Wyoming, continue to strengthen.”


Click here for the full ASX Release

This article includes content from GTI Energy Ltd, 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.

ASX:GTR
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.

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.

Blue Sky Uranium (TSXV:BSK)

Blue Sky Uranium Closes 1st Tranche & Increases Oversubscribed Non-Brokered Private Placement

Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky" or the "Company") announces that due to high investor demand, the Company has increased the private placement amount announced on June 5, 2025 (the “Offering”), from $1,020,000 to $2,040,000 consisting of 34 million units (the “Units”) at $0.06 per Unit.

The Company further announces that it has closed a first tranche of the private placement through the issuance of 20,533,333 units of the Company (each, a “Unit”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,232,000 (the “Offering”).

Keep reading...Show less
Digital illustration of cooling towers emitting polygonal smoke, with power lines nearby.

Nuclear Recharge: Eclipse and Oklo Pen Deals Amid Global Clean Energy Push

Energy sector innovators took center stage on Wednesday (June 11), with Eclipse Automation securing major deals in nuclear infrastructure, and Oklo (NYSE:OKLO) snagging a key US clean energy contract.

Eclipse Automation, part of Accenture (NYSE:ACN), has secured multiple contracts to design, manufacture and supply advanced automated tooling and equipment for upcoming CANDU nuclear reactor refurbishment projects.

The projects are at the Cernavoda plant in Romania and the Qinshan facility in China, and the agreements include automated inspection units, radioactive-handling systems, reactor-assembly tools and a remote-control center.

Keep reading...Show less
Blue Sky Uranium (TSXV:BSK)

Blue Sky Hosts Community and Stakeholder Water Sampling Event at the Ivana Uranium-Vanadium Project, Argentina

Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that on May 28, 2025, Ivana Minerales S.A. completed the first participatory groundwater sampling at the Ivana Uranium-Vanadium Project, (the “Project”). This was a precursor to the recently announced infill drilling program that marks a major step toward the prefeasibility/feasibility phase of the Project (see News Release dated May 22, 2025). While the sampling was carried out as a legal requirement for the drill program, the event marks a crucial step toward establishing an open, citizen-inclusive environmental monitoring process that meets high technical standards. This reflects the Company’s commitment to responsible environmental management and the development of trusted relationships within the region.

Keep reading...Show less
Skyharbour Resources (TSXV:SYH)

Skyharbour Resources


Keep reading...Show less
Terra Clean Energy Completes Share Issuance

Terra Clean Energy Completes Share Issuance

TERRA CLEAN ENERGY CORP. (“ Terra ” or the “ Company ”) (CSE: TCEC, OTCQB: TCEFF , FSE: 9O0 ) , is pleased to announce that further to its press release of June 2, 2025, the Company has issued 2,694,335 common shares to Skyharbour Resources Ltd. in connection with an option agreement whereby the Company can earn up to a 75% interest in the South Falcon East uranium project, Athabasca Basin, Saskatchewan, Canada (see press release dated December 30, 2024 for full details of the earn-in).

The Company also announces an award of 300,000 restricted share units (each, an "RSU") pursuant to its Omnibus Incentive Plan to a consultant of the Company. Each RSU entitles the recipient to receive one common share of the Company on vesting. The RSUs vest on the date that is one year from the date of grant. The grant of RSUs remains subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange.

Keep reading...Show less
Uranium on the periodic table.

Aura Energy Plans Swedish Uranium Collaboration as Country Makes Progress on Lifting Ban

Aura Energy (ASX:AEE) is planning to enter into a strategic collaboration agreement with Neu Horizon Uranium following discussions on overturning the uranium-mining ban in Sweden.

Executives from Aura recently visited Stockholm, where they spoke productively with members of the country's governing coalition about the benefits of lifting the uranium-mining moratorium.

The ban traces back to 2018, when Sweden changed its environmental code to prioritise renewable energy; the government also wanted to reduce reliance on foreign uranium and strengthen domestic and European energy supply.

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

×