GTI another step closer to Utah uranium and vanadium drilling
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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.
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.
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:
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.