With the US moving to purchase more domestic enriched uranium, GTI really couldn’t have picked a better time to start the exploration boulder rolling at its Great Divide Basin project.

Permitting and bonding is now in place for the company to start the first stage of its 100,000ft (30,480m) drill campaign at the in-situ recovery (ISR) project in Wyoming from September when the rig arrives on site.

GTI Energy (ASX:GTR) will drill an initial 70 follow-up holes totalling 40,000ft targeting extensions to the mineralised roll front identified by previous drilling at Thor, the most advanced of the GDB project areas, while the remaining 60,000ft of drilling will test the Odin, Teebo, Loki and Wicket project areas.

“The permit and bond are now in place for the first stage of our follow-up drilling campaign in the Great Divide Basin. We expect a drill rig to be on site in September,” executive director Bruce Lane said.

“The drilling is sequenced, across the five project areas, to deliver the full 100,000ft program prior to Christmas.”

Thor is located adjacent to Ur-Energy’s 18Mlb Lost Creek deposit and operating ISR uranium plant.

It features identified uranium with economic potential based on widths, grades, and depth of mineralisation along with having characteristics conducive to ISR.

Other project areas

Besides the drilling at Thor, the company also plans to drill 20 holes totalling 20,000ft at Wicket East to test a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier property.

This was defined by historical drilling information similar in nature to that used to plan successful maiden drilling at Thor.

GTI plans to drill the remaining 40 holes totalling 40,000ft across the Odin, Teebo and Loki areas to explore mineralised trends over a combined length of about 5 miles (8km).




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.