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GTI Resources plans 30km Wyoming ISR Uranium drill program in July
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The approvals process has started for around 12,000m of follow-up drilling at the Thor ISR Uranium Project as well as 18,000m of maiden drilling at the Wicket, Teebo, Odin and Loki Projects.
Known roll fronts for ISR amenable uranium will be targeted with drilling set to begin during July alongside drill permitting and the bonding process.
The most advanced of GTI’s (ASX:GTR) projects is Thor, located adjacent to Ur-Energy’s 18Mlb Lost Creek deposit and operating ISR uranium plant.
So far, exploration has identified mineralisation with economic potential based on widths, grades, and depth of mineralisation.
Drilling of 70 holes to begin at Thor Project
The July program will kick off at Thor, where follow-up drilling of 70 new holes will target extensions of the 3.2km of mineralised roll front.
GTI’s focus will be on the northeastern section of the Thor project, including two Wyoming state leases located north/east of the lode claim block.
Next, the program will be on to the Wicket East Project, which abuts the southern boundary of UR-Energy’s Lost Soldier deposit.
This is where drilling of up to 20 holes will take place as the company seeks to explore a projected mineralised trend extending from the southern boundary of the Lost Soldier property for approximately 4.8km.
The Odin and Teebo claims are located adjacent to UEC claim holdings (former Uranium One) east of their Antelope Project.
Drilling of up to 40 holes (around 18,000m) collectively across the Teebo, Loki and Odin projects also seeks to explore mineralised trends, over a combined length of 8km.
Acquisition update
GTI recently announced an agreement to acquire 13,800 acres of claims at Green Mountain in Wyoming, abutting Rio Tinto’s claims and adjacent to GTI’s existing GDB projects.
The Green Mountain project increases the company’s GDB holding to around 5580ha and contains several uranium mineralised roll fronts hosted in the Battle Springs formation close to several major deposits.
These Properties lie adjacent to Energy Fuel’s (EFR) 30Mlb Sheep Mountain deposit, Ur- Energy’s (URE) Lost Soldier ISR deposit, UEC’s (UEC) Antelope deposit and Rio Tinto’s (RIO) Big Eagle (past producing), Jackpot2, Desert View, Phase II & Willow Creek deposits.
Historical drilling records will be used to guide exploration.
Due diligence is progressing on the planned acquisition of the Green Mountain Project from Logray Minerals Pty Ltd and the company expects to provide an update in due course.
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.
