GTI is celebrating a number of wins as it continues to pursue uranium at its Thor and Odin prospects. Pic via Getty Images.
GTI firms up new roll front at Thor and eyes more uranium at Odin
Mining
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With drilling having discovered a significant new roll front trend at the Thor uranium prospect, GTI is looking to keep the good times rolling with the start of a new drill program at the nearby Odin prospect.
After all, when fully half of 70 holes drilled at Thor met both the metallurgical grade and grade thickness cut-off of 0.2GT with an average of 0.65GT and extended the total front by 1.39 miles (2.24km) up to 4.85 miles, it is clear that the project is looking more attractive than ever.
This is furthered by the best hole in the new mineralised trend in lease Section 29 having over 70 feet of mineralisation with a strong GT of 2.55 and further evidence that the mineralisation is likely to be conducive to in situ recovery mining with the water table being 100ft (30.48m) to 200ft above the host sands.
GTI Energy (ASX:GTR) executive director Bruce Lane said the drilling at Thor confirmed the company’s belief that the broader Thor project has the potential to deliver a viable ISR uranium resource.
“Results have both met and exceeded our expectation, especially given the new and strongly mineralised trend encountered within our Section 29 state lease,” he added.
“The mineralisation identified shows real potential for ISR development and we are now well positioned to deliver a maiden resource estimate report on the Thor project in Q1 of next year.”
Thor drilling
The company noted that the drilling has increased confidence that at least three separate roll fronts are present in the main host sand with additional sands positioned above and below the main sand unit.
Additionally, holes in the northern parts of Thor and the Section 29 state lease show that the lower sands host roll front mineralisation within the claims.
Other prospects
The drill rigs have now moved about 15kms north to the Odin claim group and started drilling operations before moving on to one of either the Loki, Teebo, or Wicket East claim groups.
GTI plans to drill up to 45 holes across Odin, Loki and Teebo to explore about five miles of mineralised trends interpreted from historical information that was also used to target drilling at Thor.
These prospects all have a bit of nearology going for them as well with Odin and Teebo being adjacent to Uranium Energy Corp’s Antelope Project while Loki is south of Antelope and URE’s Lost Creek project.
Meanwhile, the company plans to drill up to 20 holes at Wicket East to explore a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier deposit for about three miles.
The full 100,000ft drill program is expected to be completed by the end of 2022 subject to weather conditions remaining favourable.
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.
