Drill rigs and support equipment at the Thor project. Source: GTI Resources
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  • GTI Resources (GTR) is gearing up for roughly 100,000 feet of follow-up drilling at its Great Divide Basin ISR uranium projects in Wyoming, USA
  • An approvals process is currently underway for around 40,000 feet of follow-up drilling at the Thor project, along with around 18,000 metres of maiden drilling at the Wicket, Teebo, Odin and Loki projects
  • The drill program is expected to begin in July, starting with the Thor project
  • Meanwhile, GTI is progressing due diligence for its planned acquisition of the Green Mountain project from Logray Minerals
  • GTI Resources is up 6.67 per cent, trading at 1.6 cents at 2:50 pm AEST

GTI Resources (GTR) is gearing up for roughly 100,000 feet of drilling at its Great Divide Basin ISR uranium projects in Wyoming, USA.

An approvals process is currently underway for around 40,000 feet of follow-up drilling at the Thor project, along with around 60,000 feet of maiden drilling at the Wicket, Teebo, Odin and Loki projects.  

With the permitting and bonding process for the Thor project well underway, the drill program is expected to launch in July. The company will drill 70 new holes targeting extensions to the two miles of mineralised roll front which were previously identified.

Meanwhile, GTI has been progressing due diligence for its planned acquisition of the Green Mountain project from Logray Minerals.

The company is looking to acquire 13,800 acres of claims at Green Mountain in Wyoming, which shares a boundary with Rio Tinto’s claims and GTI’s existing projects. The acquisition would increase GTI’s holding to around 35,000 acres.  

GTI Resources was up 6.67 per cent, trading at 1.6 cents per share at 2:50 pm AEST.

GTR by the numbers
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