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- GTI Energy (GTR) discovers a new mineralised trend at its Thor prospect within the Great Divide Basin, Wyoming
- The company recently completed a 70-hole program at the prospect to target extents of roughly 3.2 kilometres of mineralised uranium roll fronts
- The company says half of the holes met the grade and grade thickness (GT) cut-off, with the best hole hitting a total GT of 2.55 within the new mineralised trend
- According to GTI, the mineralisation shows “real potential” for in-situ recovery development, and the company is “well-positioned” to deliver a maiden resource estimate for Thor in Q1, 2023
- GTR shares were last trading at 1.4 cents at 2:22 pm AEDT
GTI Energy (GTR) has discovered a new mineralised roll front trend at its Thor prospect within Wyoming’s Great Divide Basin.
The company recently completed a 70-hole program covering 34,010 feet at the Thor prospect to target extents of roughly 3.2 kilometres of mineralised uranium roll fronts at Thor.
GTI said 35 of the holes met the grade and grade thickness (GT) cut-off, with an average grade thickness of 0.65.
For reference, the typical and economically viable in-situ recovery grade and GT are 0.02 per cent uranium oxide and 0.2 GT, respectively.
GTI said 23 of the 70 holes met the grade cutoff but not GT, eight holes had trace minerals and four were reportedly barren.
The new mineralised trend was found within lease Section 29, with the best hole, according to the company, hitting a total hole GT of 2.55.
GTI Energy said the results increased its confidence that at least three separate roll fronts were present in the main host sand, with additional sands positioned above and below the main sand unit.
“Results have both met and exceeded our expectation, especially given the new and strongly mineralised trend encountered within our Section 29 state lease,” Executive Director Bruce Lane said.
“The mineralisation identified shows real potential for ISR development, and we are now well-positioned to deliver a maiden resource estimate report on the Thor project in Q1 of next year.”
Two drill rigs have now begun operations at the Odin claims as part of a 65-hole project to target redox trends across multiple claim groups.
GTR shares were last trading at 1.4 cents at 2:22 pm AEDT.
