GTI Resources (ASX:GTR) - Non Executive Chairman, Nathan Lude
Non Executive Chairman, Nathan Lude
Source: Nathan Lude/Twitter
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  • GTI Resources (GTR) completes a further 15 holes at the Thor ISR uranium project in Wyoming’s Great Divide Basin
  • So far, 39 holes have been drilled with 19 meeting or exceeding the grade thickness (GT) cutoff with an average grade of 0.60GT
  • These results are in line or better than GTI’s expectations and are viewed as indicators of high potential for economic ISR uranium mineralisation
  • Further drilling is planned to be undertaken early next year, with final results and recommendations for the next steps expected later in the year
  • GTI is down 4.17 per cent on the market with shares trading at 2.3 cents

GTI Resources (GTR) has completed a further 15 holes at the Thor ISR uranium project in Wyoming’s Great Divide Basin.

So far 39 holes have been drilled under the planned 100-hole maiden drill program.

Of the 39 holes, 19 met or exceeded grade thickness (GT) cutoff, with an average grade of 0.60GT.

Of the remaining 20 holes, three met grade cutoff but not GT, six were barren and 11 had trace mineralisation.

These results are in line or better than GTI’s expectations and are viewed as indicators of high potential for economic ISR uranium mineralisation.

Executive Director Bruce Lane is pleased with these results.

“The mineralisation encountered so far shows strong potential for development with a well mineralised and consistent thickness of ISR amenable sands starting at around 100 feet below the water table,” Mr Lane said.

“We’re delighted with the performance of the geological team and the drill crew in Wyoming, and we look forward to more good results after Christmas break.”

The remaining work is planned to take place during early 2022 with final results and recommendations for the next steps expected later in the year.

Ultimately, this drilling program may enable the estimation of inferred mineral resources and an exploration target.

GTI was down 4.17 per cent on the market, with shares trading at 2.3 cents at 1:00 pm AEDT.

GTR by the numbers
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