GTI Resources Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs have commenced drilling on schedule at the Thor ISR uranium project in Wyoming's Great Divide basin (Figure 1). This 50,000-foot (-15,000 metre) maiden drill program of circa 100 holes is designed to confirm the grade and tenor of uranium mineralisation that was previously identified by Kerr McGee in the 1980's and to ultimately support definition of an economic ISR uranium resource.

The Company has prioritised the Thor Project area for drilling based on historical exploration data, which includes results of 83 historic drill holes including some drill logs, and the project's location on the mapped REDOX boundary.

The mineralisation encountered in the historical drill holes is located circa 400-600 feet ("'120 — 180m) from surface. The project lies with 5-30km of both Ur-Energy Inc.'s (NYSE: URG I TSX: URE I FSE: U9T) Lost Creek ISR uranium facility (Lost Creek) and Rio Tinto's Kennecott Sweetwater uranium deposits and mill.

It is also helpful that the project is very readily accessible being flat lying and adjacent to a significant improved and maintained county road.


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This article includes content from GTI Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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