GTI fieldwork points the way for uranium drilling in Utah
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GTI has set down its November fieldwork plan that will guide targeting of uranium holes for drilling during the first quarter of 2022 at the East Exploration Target Area.
This work will include geological mapping, mapping of existing underground adits along with locating and logging additional existing shallow drill holes at the Area, which consists of the Section 2 and Rat’s Nest areas.
GTI Resources (ASX:GTR) noted that the shallow nature of mineralisation at its Henry Mountains uranium and vanadium project in Utah supports continued low cost exploration.
The upcoming work follows up on a 40-hole drill program at Section 36 that was completed during May and reported to the ASX on 21 July.
Of these, 23 holes intersected mineralisation while geophysical logging of existing holes found that 10 of the 32 holes encountered mineralisation.
Mineralisation was discovered in the West Exploration Target Area with drilling confirming mineralisation extensions in proximity to historical underground mine workings between the South and East portals.
The company also encountered mineralisation in a slightly deeper horizon northeast of the East Portal.
GTI noted that the thickness and grade of uranium mineralisation encountered appears to be consistent with that observed in the region’s past producing mines that produced in excess of 17.5Mt grading 2,400 parts per million U3O8 (92 Mlbs U3O8) and 12,500 ppm V2O5 (482Mlbs V2O5).
The company also aims to start drilling in December at the Thor ISR uranium exploration project in Wyoming.
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.