GTI Resources Ltd (GTI or Company) is pleased to advise that the 2022 work program is scheduled to commence the week of January 31 with field reconnaissance and drilling preparation now underway at the Thor ISR uranium project in Wyoming’s Great Divide basin (Figure1). Two mud rotary drill rigs will be re‐mobilised in the coming weeks subject to conditions, to complete the remaining ~60 holes of a planned 50,000‐foot (~15,000m) ~100‐hole maiden drill program at Thor1.


Highlights:

  • Program to complete the remaining ~60 holes of the planned 100‐hole maiden drill program at the Thor Project in Wyoming has commenced with field preparation underway
  • Results to date confirm discovery of a significant uranium mineralised system with strong economic potential
  • Mineralisation demonstrates characteristics conducive to ISR recovery and compares favourably with the neighbouring 18 Mlbs Lost Creek production deposit
  • Remaining 60% of drilling program will further test the newly discovered mineralised uranium system at Thor.

Executive Director Bruce Lane commented: “drill results so far show that there is a strongly mineralised uranium system at Thor with potential for development. The mineralisation grade and thickness encountered in 19 of the first 39 holes appears to be comparable to that of our neighbour UR Energy’s (TSX: URE, NYSEMKT: URG) 18 Mlbs production deposit at Lost Creek. We’re looking forward to recommencing drilling in the coming weeks with the outlook for 2022 remaining very positive for uranium”.

Click here for the full ASX Release

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

Top News

Related News

×