GTI Resources Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs completed 15 new holes last week. This brings the total holes drilled so far to 39 of a planned 50,000‐foot (~15,000m) ~100‐ hole maiden drill program at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1).


Highlights:

  • 15 new holes completed last week bringing the total of holes now completed to 39 of the planned ~100‐hole maiden drill program
  • 19 of 39 holes to date met or exceeded Grade Thickness (GT) cutoff with average of 0.60GT
  • Results continue to exceed expectations with 49% of holes drilled recording better than the minimum targeted economic Grade Thickness (GT) cutoff of 0.2GT1
  • Mineralisation continues to demonstrate characteristics conducive to ISR recovery
  • 1st phase of drilling concluded December 17th with balance of holes planned for early 2022

Executive Director Bruce Lane commented:

“Results from the first batch of drill holes at Thor have exceeded our expectations. The mineralisation encountered so far shows strong potential for development with a well mineralised and consistent thickness of ISR amenable sands starting at around 100 feet below the water table. We’re delighted with the performance of the geological team and the drill crew in Wyoming, and we look forward to more good results after the Christmas break. The outlook for 2022 is very positive for uranium and it promises to be an exciting year for GTI.”

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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.

GTR:AU

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