GTI Energy's closely watched uranium drilling is now underway

Drilling is underway at GTI’s Thor ISR uranium prospect in Wyoming’s Great Divide Basin, to test known roll fronts for mineralisation suitable for in situ recovery mining (ISR).

The closely watched program of more than 30,000m of drilling is being carried out by two rigs with four holes already completed, of some 70 planned holes totalling about 12,000m, at the most advanced Thor prospect.

Out of all the prospects it is testing, GTI Energy (ASX:GTR) is especially keen to get to grips with Thor given both its proximity to Ur-Energy’s 18Mlb Lost Creek uranium deposit and operating ISR processing plant as well as maiden exploration identifying potentially economic mineralisation amenable to ISR mining.

Drilling at Thor will focus on the northeast of the project, including two Wyoming state leases situated northeast of the claim blocks previously explored by GTI Energy.

Once operations are completed the rigs will move on to drill the Odin, Teebo, Loki and Wicket East prospects.

Other uranium prospects

At Wicket East, the company will drill 20 holes totalling 6,100m to explore a projected mineralised trend extending from the southern boundary of Ur-Energy’s Lost Soldier property for around 5km.

This trend has been interpreted from similar historical drilling information to that used to plan the successful maiden drilling campaign at Thor.

GTI Energy will also drill 40 holes totalling 12,000m at the Odin, Teebo and Loki targets, located south of Uranium Energy Corp’s Antelope project and north of Ur’s Lost Creek plant, to test over 8km of mineralised trends interpreted from the same historical information used at Thor.

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This article was developed in collaboration with GTI Energy (ASX:GTR), a Stockhead advertiser at the time of publishing.

This Stockhead article does not constitute financial product advice. Any readers should consider obtaining independent advice before making any financial decisions.