GTI Resources

Successful Maiden Drilling Confirms Discovery at Thor ISR Uranium Project

GTI Resources Ltd (GTI or Company), has successfully completed its maiden 100-drill hole exploration program at the Thor ISR uranium project in Wyoming's Great Divide Basin (GDB) (Figure 1). Two mud rotary rigs completed 100 holes for 48,540ft (-15,000m) of drilling on time & within budget (Figure 2).


Highlights:

     
  • Maiden -15,000m drill program completed on schedule and within budget.
  • Drilling has so far discovered 17,640 feet of mineralised roll fronts within the Thor project with 80% of GTI's total land holding in the great Divide Basin still to be drill tested.
  • Mineralisation demonstrates characteristics conducive to ISR recovery.
  • Drilling discovered at least 3 separate roll fronts present in the main host sand.
  • 35 holes met or exceeded the target uranium cutoff grade.
  • 23 holes drilled recording better than the minimum targeted economic Grade Thickness (GT) cutoff of 0.2GT1 with an average of 0.57 GT.
  • Follow-up drilling planned at Thor will focus on the eastern portion of the claim block and the Wyoming State mineral leases to the north-east.
  • Drilling also planned at GTI's Odin Project, -10kms north, alongside Thor follow-up drilling.
  • GTR is actively pursuing its strategy in Wyoming to aggressively capitalise on supportive conditions for US domestic uranium supply.

Doug Beahm of BRS Engineering, who managed the campaign, commented "the program at GTI's Thor ISR Project in Wyoming successfully identified mineralisation with economic potential based on widths, grades and depth of mineralisation'. The drilling finished on time within budget & exceeded our expectations for the number of mineralised holes and the tenor of mineralisation encountered. The mineralisation shows potential for development with a well mineralised & consistent thickness of ISR amenable sands starting at around 100 feet below the water table. These results indicate follow on drilling is merited & so we have started work on planning & permitting a follow-up drill campaign at Thor plus first pass reconnaissance drilling at GTI's Odin Project located approximately 10kms to the north of Thor."

Executive Director Bruce Lane commented "results from the first 100 holes at Thor strongly justify follow on campaigns across our Wyoming ground this summer. The historical Kerr McGee drill maps, which were used to guide this drilling, proved to be instrumental in generating our high strike rate from the drilling. The nature of the mineralisation identified in the western & eastern sections of the project shows potential for development and we are sufficiently encouraged to continue to invest in further drilling including at the yet to be tested lease blocks in north-eastern section of the project area. I'm excited by the fact that this first, wide spaced, drill program covered less than 20% of GTI's total land holding in the Great Divide Basin with most of our ground still to be tested. We look forward to continuing exploration at a time when we think conditions for US domestic uranium supply, particularly in Wyoming, have seldom looked better."

Click here for the full ASX Release 

This article includes content from GTI Resources 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.

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

Company Update - Name Change to 'American Uranium Limited'

Company Update - Name Change to 'American Uranium Limited'

GTI Energy (GTR:AU) has announced Company Update - Name Change to 'American Uranium Limited'

Download the PDF here.

Placement Shares Issued & Drilling Approval Expected August

Placement Shares Issued & Drilling Approval Expected August

GTI Energy (GTR:AU) has announced Placement Shares Issued & Drilling Approval Expected August

Download the PDF here.

A$4.5M Placement to Underpin Resource Growth Strategy

A$4.5M Placement to Underpin Resource Growth Strategy

GTI Energy (GTR:AU) has announced A$4.5M Placement to Underpin Resource Growth Strategy

Download the PDF here.

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.

Terra Clean Energy President and CEO Greg Cameron.

Terra Clean Energy Ramps Up Summer Drilling Plans, Eyes Resource Update

Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FWB:C9O0) President and CEO Greg Cameron outlines the company's upcoming summer drill program at the South Falcon East uranium project, building on strong results from a winter campaign at the Fraser Lakes B deposit.

“The plan is to get up to 2,500 meters back into this new area of interest. Hopefully drill into what we're defining as an unconformity basement-hosted uranium deposit with significantly higher grade than we currently have,” he said.

“We would have the ability to update that resource report in some fashion, maybe early 2026 or mid-2026, so those are the two key catalysts. But it's all about drilling and adding pounds to the current resource and, more importantly, significantly enhancing that grade which we think we have," Cameron added.

Keep reading...Show less
Yellow uranium rock on dark stones with ASX logo in the corner.

Top 3 ASX Uranium Stocks of 2025

Uranium broke out in 2024, with the spot price rising to a 17 year high of US$106 per pound early in the year. Despite a pullback to about US$78, uranium is still more than 40 percent higher than it was two years ago.

Although the market is dealing with ample supply and uncertain demand in 2025, experts are predicting a bright future as countries around the world pursue energy security goals.

Against that backdrop, ASX-listed uranium companies have been making moves in 2025.

Keep reading...Show less
North Shore Uranium (TSXV:NSU)

North Shore Uranium Engages Investing News Network

North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. On July 4, 2025, the Company entered into the INN Agreement. The INN Agreement will be for a three-month term, with three equal payments of $2,750 that will be paid at the beginning of each month, totaling $8,250 (GST excluded). The INN Agreement will not automatically renew. INN will provide advertising to increase awareness of the Company with the first campaign commenced on July 4, 2025. INN does not provide Investor Relations or Market Making services. INN currently holds no common shares in the Company. INN and the Company are unrelated and unaffiliated entities.

Keep reading...Show less
Canadian and Saskatchewan flags waving under a clear blue sky.

15 Uranium Companies Exploring Canada's Athabasca Basin

Uranium market watchers know that Canada’s Athabasca Basin is among the world’s richest uranium jurisdictions and hosts several of the highest-grade uranium deposits on the planet.

Spanning close to 100,000 square kilometers of the Canadian Shield of Northern Saskatchewan and Alberta, the Athabasca Basin is a major contributor to Canada’s status as the second largest uranium producer and the third largest country by uranium reserves.

Unsurprisingly, the region is home to the world’s largest uranium mine, Cigar Lake. The mine reports average grades of 14.69 percent U3O8 and accounts for 14 percent of global uranium production.

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

×