Drilling continues at the Thor Project in Wyoming’s Great Divide Basin with the final nine holes of the 100-hole program targeted for completion by March 15th.
GTI Resources (ASX:GTR) expects the final holes to conclude by the middle of next week (a tough day for Julius Caesar) with a full set of results and interpretation for the full 100 hole maiden drilling campaign, available during the first half of April.
Bright future for uranium mining ahead
GTR executive director Bruce Lane said the company is delighted with drilling progress at Thor, which has so far confirmed continuation of the uranium mineralised system first discovered in the eastern part of the project area during late 2021.
“Once this initial phase of drilling is completed next week, we look forward to a detailed analysis of the full set of results which we anticipate will help demonstrate the project’s economic potential,” he said.
“We believe there is a bright future of ISR uranium mining in Wyoming”.
“This is due to a supportive state government coupled with surging global demand for emissions free electricity and a corresponding rapid global growth in nuclear power production. These very significant demand drivers are occurring at a time when the global uranium market is experiencing a large and entrenched supply deficit that looks set to worsen.”
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.