Mineralisation at Teebo meets the company’s expectations for potentially economic ISR uranium recovery. Pic: via Getty Images.
GTI Energy flags potentially economic roll front uranium trends in Wyoming
Mining
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GTI Energy has identified new roll front trends at the Teebo and Odin prospects at its uranium projects in Wyoming’s Great Divide Basin (GDB).
A total of 18 of 22 drill holes completed to date have encountered uranium mineralisation and confirmed the company’s exploration hypothesis that roll front trends are present in the targeted locations.
Roll-front deposits are ideal for In-Situ Recovery (ISR) mining, and GTI Energy (ASX:GTR) says the mineralisation intersected is located below the water table at potentially viable depths for ISR mining.
The best hole to date is 0.78 Grade Thickness (GT) vs. target 0.20 GT cutoff.
8km of mineralised trends
Drilling of up to 45 holes combined across the Odin, Teebo and Loki prospects will explore ~8km of mineralised trends interpreted from historic information also used at Thor.
“This round of exploration drilling at Odin and Teebo confirmed our hypothesis by identifying additional roll front uranium mineralisation at viable ISR depths,” executive director Bruce Lane said.
“It is particularly pleasing to see such strong results at Teebo at this interim stage of the program.
“Drilling is planned to continue up until the Christmas break, weather permitting, with further updates provided in due course.”
A further 20 holes are planned, weather permitting, at the Wicket East prospect.
Looking for the Lost Soldier
This season’s drilling campaign in the GDB has so far discovered an additional 2430m of mineralised roll front trends within GTI’s Thor project for a now enlarged total of 7,800m.
Four drill rigs are currently operating in the GDB, with two now working at Loki and two more operating at Teebo.
Wicket East lies on the southern boundary of Ur-Energy’s Lost Soldier Deposit, where the company plans to explore a projected mineralised trend extending from the southern boundary of the Lost Soldier property for close to 5km.
The company is targeting completion of the drilling program by the end of 2022, if weather conditions remain favourable, or in early 2023.
This article was developed in collaboration with GTI Energy (ASX:GTR), 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.
