GTI encouraged by interesting intersects at Niagara

Special Report: GTI Resources has intersected quartz structures during reverse circulation drilling targeting gold anomalies at its Niagara gold project in WA.

The news out of Niagara, near Kookynie, comes from GTI Resources’ (ASX:GTR) latest round of RC drilling, where 16 holes have been completed as planned to follow up targets identified during previous soil sampling and confirmed by aircore drilling in September.

The latest RC holes were observed to have intersected both quartz veins and potentially interesting silicification not previously detected at the project.

Holes were drilled to an average depth of 148.5m for a total distance of 2437m. Assays expected in early February will shed more light on the campaign just finished at Niagara.

Today’s news out of the project comes on the back of the recent granting of two prospecting licences earlier in December which allowed GTI to consolidate its ground in the highly prospective region.

GTI — RC drilling at Niagara. Pic: Supplied

A uniquely placed proposition

GTI’s value proposition stretches from the hot Kookynie region in WA all the way to Utah, where it recently flagged an accelerated exploration program at its Henry Mountains uranium project.

That announcement came shortly following the completion of the acquisition and transfer of two State of Utah mineral leases which consolidated the company’s Henry Mountains uranium-vanadium project.

Uranium has been a hot topic around the world lately and is regarded by many as an essential element of a carbon-neutral future.

Chinese demand is expected to increase, while the nuclear power conversation is ongoing through the US and UK.

The bipartisan approval of a US Senate committee to recommend the US Senate vote to approve the creation of a strategic, $1.5 billion uranium reserve was particularly significant.

With exploration activity ongoing at prime positioned projects in both a hot gold space and a seemingly resurgent uranium arena, GTI is well placed for a big 2021.

This article was developed in collaboration with GTI Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.