GTI Resources secures two drill rigs for uranium exploration in Wyoming
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Two drill rigs have been secured for uranium drilling in Wyoming as Utah field work comes to an end for GTI.
GTI Resources Ltd has secured two mud rotary drill rigs for its planned drilling campaign at the Thor ISR uranium project in Wyoming’s Great Divide basin.
The company is on track to begin drilling during December with the program setting out to confirm the grade and tenor of uranium mineralisation that was previously identified by Kerr McGee in the 1970s and 80s, as well as to support definition of an economic uranium resource.
GTI (ASX:GTR) has also completed a field reconnaissance exploration program at its Henry Mountains Project.
The program aimed to enhance GTI’s understanding of uranium and vanadium mineralisation within Section 2 at the southwestern end of the 5.5km mineralised strike including Section 36 between Jeffrey and Rats Nest areas.
Data collected will help guide any further exploration drilling at the project area.
This program discovered 308 additional backfill abandoned drill holes and four open and loggable drill holes within the extents of the Rats Nest and Section 2 properties.
In addition, 1200m of mineralised contact was mapped via outcrop and confirmed by scintillometer reading.
Around 34 open underground mine workings were located and mapped, with four of the underground workings shown to extend beyond 33m in drift length.
The information gathered confirms the overall 5.5km trend and has provided valuable data to help guide the next phase of drilling targeted for early 2022.
During the field program the State of Utah inspected the restoration and reclamation of the previous spring 2021 drilling.
Restoration was accepted and partial bond release is expected, allowing the rollover of the bond for future programs.
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.