NEWS.

GTI Resources Ltd (ASX:GTR) has commenced its phased exploration program including its maiden drilling campaign at the Niagara gold project in Western Australia.

Niagara is a highly promising exploration project which now covers over 8 kilometres of prospective strike length on the underexplored Niagara Trend, adjacent to historical high‐grade gold mines.

GTR has also been making good progress at its Utah uranium and vanadium projects with interpretation of historical data and planning for the next stage of exploration now underway.

The gold price is soaring, currently at US$1911 per ounce and presents a highly bullish environment for WA gold explorers.

GTi Resources’ (ASX:GTR) Western Australian gold project is starting to look increasingly interesting to investors, given the lofty gold price.

As such, if GTR identifies high grade gold in its upcoming drilling program, it could see a significant rise in value.

Uranium appears to have some serious positive momentum right now, with investors scrambling to get exposure to further upward movement in the commodity price.

There are a number of factors at play here, however a key one is that the US government has recently announced substantial new support for domestic uranium producers.

The Trump Administration is seeking $1.5BN over 10 years to buy uranium from US mines and shore up a domestic stockpile.

GTI Resources has completed a $2 million raised to help fund a drilling program at its Utah based uranium and vanadium projects.