GTI Resources Ltd (GTI or Company) is pleased to advise that 2 mud rotary drill rigs have now completed the first 10 holes of its 50,000‐foot (~15,000 metre) ~100‐hole maiden drill program within exploration area 1 (Exparea1) at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1).


Highlights:

  • First 10 holes completed of the 50,000ft (~15,000m) ~100‐hole maiden drill program
  • Encouraging results with mineralisation meeting expectations for economic ISR recovery
  • Best holes to date of 27.5ft at 0.044% (440ppm) eU308 for a Grade Thickness (GT) of 1.92 & 23ft at 0.063% (630ppm) eU308 for GT of 1.741
  • 5 out of 10 holes met both grade and GT cutoff for an average GT of 0.99GT
  • Mineralisation appears conducive to ISR recovery with water table 100ft above host sand
  • At least three separate roll fronts are present in the main host sand unit with additional sands positioned above & below the main sand unit showing trace mineralisation.

Project UraniumFigure 1. Thor Project Uranium Drilling Location Map, Great Divide Basin, Wyoming USA.

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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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