- Utah has approved GTI Resources' (GTR) second phase of uranium exploration drilling at Section 36 within the Henry Mountains Project
- Uranium exploration will include surface drilling of up to 40 holes and geophysical logging of an additional 39 existing small diameter drill holes
- Drilling is expected to commence in early July
- On the market, GTR is up 13.6 per cent and is trading at 2.5 cents per share at 1:00 pm AEST
GTI Resources (GTR) has received approval for its uranium exploration drilling program at its Henry Mountains Uranium & Vanadium Project.
The approval has come from the state of Utah and is for the second phase of exploration on Section 36.
The first phase of exploration at Section 36 was completed in May and included geological mapping, mapping of all existing underground adits and geophysical downhole logging of 56 existing shallow drill holes.
Second phase of uranium exploration will include surface drilling of up
to 40 holes and the second stage of geophysical logging of an additional 39 existing small diameter drill holes.
Drilling is expected to commence in early July.
GTR is targeting the development of a JORC code compliant mineral resource for Section 36 and other areas within the Henry Mountain Project.
The project covers around 1500 hectares of land holdings in the Henry Mountains region of Utah. The region is part of the Colorado Plateau uranium province which historically provided the most important uranium resources in the US.
On the market, GTR was up 13.6 per cent and was trading at 2.5 cents per share at 1:00 pm AEST.