GTI Resources’ maiden drilling results exceed expectations and confirm discovery at Thor Uranium Project
GTI Resources Ltd (ASX:GTR) has completed its maiden drilling program at Thor ISR Uranium Project in Wyoming’s Great Divide Basin and has identified mineralisation “with economic potential based on widths, grades and depth”.
This program of 100 drill holes for 48,540 feet (~15,000 metres) of drilling, which was completed on time and within budget, encountered mineralised roll fronts covering 17,640 feet of the project area, indicating great potential for in-situ recovery (ISR) uranium mineralisation.
The Perth-headquartered mining company with a focus on the exploration of uranium and gold assets, says drilling on the main host sand showed at least three separate roll fronts.
GTI Resources completes drilling at Thor ISR Uranium Project in US
GTI Resources Ltd (ASX:GTR) has completed drilling a 100-hole maiden exploration campaign at Thor ISR Uranium Project in Wyoming’s Great Divide Basin (GDB) in the US.
GTI holds 100% of ~22,000 acres (~8,900 hectares) across several groups of strategically located and underexplored mineral lode claims and two state leases, prospective for sandstone-hosted uranium that is amenable to low cost, low environmental impact ISR mining.
The ~15,000-metre maiden drill program was completed on schedule and within budget at a time when the uranium spot price is surging, having recently moved past an 11-year high of US$60 per pound.
GTI Resources on track to complete Thor uranium drilling in mid-March
GTI Resources Ltd (ASX:GTR) remains on track to complete an extensive drill program at its Thor ISR uranium asset in Wyoming’s Great Divide Basin by mid-March.
Two mud rotary drill rigs recommenced the maiden campaign in February, aiming to complete the remaining 60 holes in GTI’s planned 15,000-metre, 100-hole drill programs.
Now, there are just nine holes to drill, and the uranium explorer says these are on track to wrap up by the middle of next week.
GTI Resources recommences drilling at Thor ISR Uranium Project in Wyoming’s Great Divide Basin
GTI Resources Ltd (ASX:GTR) has recommenced drilling to complete the balance of the 100‐drill hole exploration campaign at the Thor ISR Uranium Project in Wyoming’s Great Divide Basin.
Results to date confirm the discovery of a significant uranium mineralised system with strong economic potential.
The remaining 60% of drilling program will further test the newly discovered mineralised uranium system at Thor.
GTI Resources to focus solely on uranium after it divests gold assets
GTI Resources Ltd (ASX:GTR) has entered into a binding agreement with Regener8 Resources NL for the sale of certain Western Australian tenements, comprising GTR’s Niagara Gold Project near Kookynie.
GTR has conditionally agreed to sell its 100% interest in the project to Regener8 subject to conditions including shareholder and regulatory approvals.
The divestment of GTR’s gold assets, will enable the company to focus on its highly prospective US uranium assets.
GTI Resources to resume field preparation as it readies for drilling at Thor ISR Uranium Project in Wyoming
GTI Resources Ltd (ASX:GTR) is about to kick off its 2022 work program at Thor ISR Uranium Project in Wyoming, USA, as it prepares to complete the remaining 60-odd holes of a planned 100‐hole maiden drill program.
Field reconnaissance is scheduled to begin next week with two mud rotary drill rigs to be mobilised, weather permitting, to finalise the 15,000-metre drill campaign.
“Drill results so far show that there is a strongly mineralised uranium system at Thor with potential for development,” executive director Bruce Lane said.
GTI Resources well positioned to advance Wyoming uranium assets
GTI Resources Ltd (ASX:GTR) has ended the December quarter in a strong financial position raising $2 million in new capital and with $4.75 million in hand as it drives exploration at its new acquired Thor ISR Uranium Project in Wyoming’s Great Divide Basin.
During the quarter, the company received encouraging results from Thor, demonstrating characteristics conducive to ISR recovery from its 100-hole drilling campaign at the uranium property, with 39 holes completed to date.
Further, the company has completed the acquisition of Branka Minerals Pty Ltd and its Wyoming ISR uranium exploration properties.
GTI Resources receives further encouraging results from Thor ISR uranium property
GTI Resources receives further encouraging results from Thor ISR uranium property
“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,” says executive director.
GTI Resources Ltd – GTI Resources reports further encouraging results from Thor ISR uranium property
Mud rotary drill rigs, ancillary equipment and support vehicles at the Thor Project.
GTI Resources Ltd (ASX:GTR) has completed another 15 drill holes at the Thor in-situ recovery (ISR) uranium project in Wyoming’s Great Divide Basin.
The explorer is in the middle of a 100-hole drilling campaign at the uranium property, where it has completed 39 holes to date.
Of those, 19 have met or exceeded a grade thickness (GT) cut-off, averaging 0.60 GT.
GTI Resources drilling continues to intersect uranium conducive to in situ recovery at Thor Project
GTI Resources Ltd (ASX:GTR) has completed 24 holes of its ~15,000 metres ~100-hole maiden drill program within Exploration Area 1 at the Thor ISR (in situ recovery) Uranium Project in Wyoming’s Great Divide basin.
10 of the 24 holes (42%) drilled to date with two mud rotary drill rigs have met or exceeded the grade thickness (GT) cut-off with an average of 0.68 GT (typical economically viable ISR grade and GT cut‐offs are: 0.02% (200ppm) uranium and 0.2 GT).
These results are in line with expectations and are viewed by GTI as indicative of the high potential for economic ISR uranium mineralisation.
GTI Resources makes positive start to maiden uranium drilling program in Wyoming
GTI Resources Ltd (ASX:GTR) has made a highly encouraging start to its maiden drilling program at the Thor ISR Uranium Project in Wyoming’s Great Divide Basin with mineralisation meeting expectations for economic ISR recovery.
Positive results have been returned from the first 10 holes of a program of about 100 holes for around 15,000 metres with five holes meeting both grade and GT (grade + thickness) cutoff for an average GT of 0.99.
Two mud rotary drill rigs were used to drill the first of a planned 100-hole program at exploration area 1 at the Thor ISR project.