Highlights
- Inferred Mineral Resource of 1.66 Mlbs U3O8 for Great Divide Basin Prospects
- Initial Exploration Target range estimated at Great Divide Basin Prospects
- 200 additional claims (~4,000 acres) staked at Lo Herma to cover additional areas of trends and historical drilling – increasing the total project footprint to ~12,000 acres
- Initial Exploration Target range estimated at Lo Herma Project (Powder River Basin)
- 1,445 historical drill logs from Lo Herma have now been scanned and are currently being digitised prior to resource modelling and verification
- Lo Herma JORC resource report on track for end of Q2
“We are pleased to be able to declare an initial ISR amendable JORC inferred U3O8 resource estimate with a substantial exploration target in the Great Divide Basin. The reported estimates are based on a modest amount of drilling to date over about 20% of our total GDB & Green Mountain ground positions. These interim results are an important next step for GTI and provide us with real encouragement as we progress towards our goal of defining 10 Mlbs of ISR amenable uranium in the Great Divide Basin. In addition, we are excited by the early potential that we are seeing at Lo Herma in the Powder River Basin. The initial exploration target has exceeded our expectations with the range estimate of between 8 Mlbs to 13.9 Mlbs. We are rapidly progressing digitising of the historical drill data and have also expanded the project footprint by staking 4,000 additional acres of ground to capture a greater extent of the trends & drilling. This puts us on track to deliver a JORC resource estimate for Lo Herma by the end of June without further drilling. GTI’s immediate goal is to define resources in excess of 20 Mlbs combined across the Great Divide & Lo Herma projects.”
Bruce Lane
Executive Director
