Join our daily newsletter At The Bell to receive exclusive market insights
- GTI Resources (GTR) has received further results from Section 36 at the Henry Uranium & Vanadium Project in Utah
- From April 21 to April 27, the company undertook field exploration at Section 36 with 56 holes logged to depths of up to 20 metres
- Prior to this, initial work included geological mapping, geophysical logging of existing drill holes and mapping of existing underground entrances
- Pleasingly, hole number 14 contained 1.5 metres at 0.19 per cent triuranium octoxide including one metre at 0.26 per cent triuranium octoxide
- Using the information gathered from all the previous work, GTI has proposed a surface drilling program to target a JORC compliant mineral resource
- Drilling is planned to begin in July pending approvals and contractor availability
- GTI Resources is steady on the market this morning with shares trading at 2.5 cents
GTI Resources (GTR) has received further results from Section 36 at the Henry Uranium & Vanadium Project in Utah.
From April 21 to April 27, the company undertook field exploration at Section 36 with 56 holes logged to depths of up to 20 metres.
The shallow nature of the mineralisation supports continued low-cost, rapid exploration advancements.
Prior to this, initial work included geological mapping, geophysical logging of existing drill holes and mapping of existing underground entrances.
Hole number 14 contained 1.5 metres at 0.19 per cent triuranium octoxide including one metre at 0.26 per cent triuranium octoxide.
Underground drilling was also undertaken at the East and West mines but GTI concluded that surface drilling is more effective and efficient.
Using the information gathered from all the previous work, GTI has proposed a surface drilling program.
Pending the results of the program, the company will target a JORC compliant mineral resource for Section 36 and other areas within the project.
Drilling is planned to begin in July pending approvals and contractor availability.
GTI Resources has also announced it has received approval for a program of works to undertake drilling at its recently granted prospecting licences in WA’s Goldfields region.
Drilling will be carried out over an area of extensive historical mine workings.
GTI Resources is steady on the market this morning with shares trading at 2.5 cents at 10:32 am AEST.
