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- GTI Resources (GTR) begins drilling at the Thor ISR uranium project in Wyoming’s Great Divide Basin
- Roughly 100 holes will be drilled to confirm the grade and tenor of previously identified mineralisation and support the definition of an economic uranium resource
- Additionally, drilling may also enable an estimation of inferred mineral resources or an exploration target
- Subject to weather and the Christmas break, drilling is expected to take less than 30 days to complete and GTI expected drilling to conclude in early 2022
- GTI is steady on the market with shares trading at 2.6 cents
GTI Resources (GTR) has begun drilling at the Thor ISR uranium project in Wyoming’s Great Divide Basin.
Roughly 100 holes, for 15,000 metres, will be drilled to confirm the grade and tenor of the uranium mineralisation identified in the 1980s and to support the definition of an economic uranium resource.
Additionally, drilling may also enable the estimation of inferred mineral resources or an exploration target.
Thor was prioritised based on historical exploration data, with the historical drill holes located 120 metres to 180 metres from surface.
Ultimately, GTI hopes to encounter mineralisation similar to the nearby Lost Creek deposit and meets the typical economic cutoff criteria for uranium projects in the Great Divide Basin.
This mineralisation grades more than 200 parts per million (ppm) triuranium octoxide and has a thickness of more than 15 metres.
Subject to weather and the Christmas break, drilling is expected to take less than 30 days to complete and GTI expected drilling to conclude in early 2022.
Initial results are expected in the weeks after the final holes are completed, with final results and recommendations for the next steps to be developed at the end of the program.
GTI was steady on the market, with shares trading at 2.6 cents at 12:18 pm AEDT.
