Special Report: GTI Resources continues to ramp up towards its planned uranium and vanadium drilling program in Utah with the completion of downhole logging.

Assays from the downhole gamma logging of 26 historical shallow drill holes at the Jeffrey project will be available within the next two weeks and will be used to refine targets for the planned drilling program that is scheduled to begin in early July.

GTI Resources (ASX:GTR) added that the sampling follows up on previous high-grade assay results of up to 1.39 per cent uranium and 3.89 per cent vanadium and will also be used to refine knowledge of the local mineralisation as the trend moves away from outcrop and shallow underground exposure.

Downhole gamma logging being conducted at the Jeffrey project
Downhole gamma logging being conducted at the Jeffrey project Pic: Supplied

The planned drilling program is expected to involve several shallow drill holes.

Additionally, GTI is currently conducting sampling and mapping work on the underground workings at the nearby Rat Nest project.

Jeffrey is one of eight projects covering about 1,500 hectares in the Henry Mountains region that the company picked up from its acquisition of Voyager Energy in September 2019.

The region forms part of the prolific Colorado Plateau uranium province, which historically provided the most important uranium resources in the US and confers the benefits of well-established infrastructure and a mature mining industry.

More than 92 million pounds of uranium and 482 million pounds of vanadium have been produced from the sandstone-hosted ores in the region since 1904.

GTI director Bruce Lane says the company’s high-grade potential and proximity to operating infrastructure and processing capacity strengthens the possibility for an early stage production outcome.

READ: The US wants to revitalise its domestic uranium industry. What does this mean for explorers?

Separately, the company has also received assays from the recently completed auger soil sampling program at its Niagara gold project in Western Australia.

The program has identified several significant gold in soil anomalies including:

    • A strong 500m long, 100m wide anomaly with up to 38 parts per billion gold in the north-eastern corner of the project and similar orientation to other known gold mineralisation within the Niagara ‐ Kookynie district;
    • A moderately strong 400m long and 80m wide anomaly in the central part of the soil sampling area; and
    • A broad and moderately anomalous zone of gold in the south-eastern part of the soil sampling area.

      Auger soil anomalies at the Niagara project
      Auger soil anomalies at the Niagara project Pic: Supplied

GTI plans to carry out a field reconnaissance and mapping program to further investigate the gold anomalies and evaluate a potential drilling program to follow up on these targets.

 

This story was developed in collaboration with GTI Resources, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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