GTI Energy’s Thor uranium drilling intersects bright new roll fronts

Drilling at GTI’s Thor uranium project is off to an optimistic start with the intersection of additional roll fronts, which are known to host mineralisation suitable for in-situ mining.

Drilling to date has intersected 1,830ft (557.8m) of new roll fronts to date, taking the total roll fronts known to date at the project up to 19,470ft.

This is undoubtedly sweet music to GTI Energy’s (ASX:GTR) ears given that the main goal of the drill program of about 70 holes totalling 40,000ft was aimed at testing and extending known roll fronts for ISR uranium.

More roll fronts translates to a higher likelihood of increasing the total amount of mineralisation at the Thor prospect which in turn raises the possibility that the company will achieve its goal of encountering further mineralisation of similar tenor to that at UR Energy’s nearby Lost Creek project that has remaining mineralisation of 13Mlb at 0.048% U3O8.

Adding further interest, 17 of the 25 holes drilled to date have met or exceeded the target uranium grade cut-off.

“Results from the first 25 holes strongly justify this follow-up campaign at Thor. The historical drill maps combined with interpretation from our previous drilling have generated a high strike rate,” executive director Bruce Lane said.

“The mineralisation identified continues to show potential for ISR development as we extend our understanding of the roll fronts and work towards a resource report.

“We look forward to continuing exploration over the coming weeks and months when conditions for US domestic uranium, particularly in Wyoming, continue to strengthen.”

Drilling to date and forward plans

Mineralisation encountered to date appears to meet expectations for economic ISR uranium mining while confirming that historical data is an excellent guide for drilling.

Drilling has also indicated that the geological and hydrogeological setting of the mineralisation appears to be conducive to ISR recovery with the main host sand appearing to be continuous in the area and the water table being over 100 feet above the main host sand.

GTI expects drilling at Thor, which has been progressing well to date, to take less than 20 further operational days to complete.

The two rigs will then move to the Odin, Loki, Teebo or Wicket East prospects as part of the broader 100,000ft drill program in Wyoming’s Great Divide Basin.

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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.