GTI completes maiden uranium, vanadium drilling in Utah
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Special Report: GTI has completed the maiden drilling campaign at its Jeffrey project in Utah’s Henry Mountains region and will soon have an idea of what it has intersected.
Drill core analysis and sample preparation from the 12-hole program at the uranium and vanadium project are underway with results expected by mid-August.
GTI Resources (ASX:GTR) said a further six historical drill holes were located near the new holes and subsequently logged with a downhole gamma probe.
Results from the downhole gamma assays from both the new and historical holes are expected within 10 days and will provide estimated uranium (eU3O8) results.
The company says the next phase of exploration could involve a much a larger drill program to define a maiden resource and support future production studies.
GTI benefits from the shallow nature of the mineralisation, which allows for relatively low-cost and rapid exploration.
Rats Nest and Jeffrey are two of eight projects that the company picked up from its acquisition of Voyager Energy in September 2019.
These projects are located in the Henry Mountains mining district — a region which has already produced 92 million pounds of uranium and 482 million pounds of vanadium.
As a result, the region benefits from well-established infrastructure and a mature mining industry that provides low-cost experienced personnel and equipment.
This includes Energy Fuels’ White Mesa mill, the only fully licensed and operational conventional uranium/vanadium mill in the US, which is within trucking distance of the properties.
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