GTI Energy ready for mammoth 30km+ Uranium drilling campaign
Link copied to
The company is targeting known roll fronts for ISR amenable uranium, including around 12,000m of follow up drilling at Thor and 18,000m of drilling at Odin, Teebo, Loki and Wicket.
GTI Energy (ASX:GTR & GTRO, OTCQB:GTRIF) says that planning is now finalised and it hopes to begin drilling in the next few weeks once the final permitting and bonding paperwork is completed.
Around 40 holes more will be drilled at Thor to explore mineralised trends over a combined length of roughly 8km, as defined by GTI’s first round of drilling completed earlier this year and the historic drilling information previously used to plan maiden drilling.
Thor is GTR’s most advanced project in the Great Divide Basin of Wyoming, USA.
The company now holds around 35,000 acres in the Great Divide Basin/Green Mountain district across several groups of strategically located and underexplored mineral lode claims as well as two state leases prospective for sandstone hosted uranium, which is hosted amenable to low-cost, low environmental impact ISR mining.
GTR executive director Bruce Lane says preparation for the drilling campaign is now at an advanced stage.
“We have sequenced the drilling to deliver the full program prior to Christmas as originally planned.
“We are confident that we can successfully execute the drilling this year which will set GTI up to produce a uranium resource report in 2023” he says.
Thor is located adjacent to Ur-Energy’s 18Mlb Lost Creek uranium deposit and the operating Lost Creek ISR uranium processing plant.
The upcoming program at Thor is permitted and bonded to include follow-up drilling of up to 70 new holes targeting extensions of the 3.2km of mineralised roll front already identified to date.
Drilling is currently planned to focus on the north-eastern section of the project, including the two Wyoming state leases located northeast of the lode claim block which was previously successfully explored by GTR during later 2021 and earlier this year.
GTR will also drill at the Odin, Teebo, Loki and Wicket East. The Wicket East claims sit on the southern boundary of Ur-Energy’s Lost Soldier Deposit.
Drilling of up to 20 holes (around 6,000m) at Wicket East seeks to explore a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier property, as defined by historic drilling information similar in nature to that used to plan the successful maiden drilling program at Thor.
Odin and Teebo are located adjacent to Uranium Energy Corp’s (UEC), former Uranium One, Antelope Project. The Loki claims sit south of UEC’s Antelope and north of URE’s Lost Creek.
Drilling of ~40 holes (for about 12,000m) collectively across Odin, Teebo and Loki also seeks to explore mineralised trends, over a combined length of 8km, as defined by the historic drilling information previously used to plan successful maiden drilling at Thor.
This article was developed in collaboration with GTI Energy, 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.