GTI Energy Ltd (ASX: GTR) has two drill rigs drilling at the Thor ISR uranium prospect at its Great Divide Basin (GDB) project in Wyoming.
Drilling at Thor
Drilling has commenced at the Thor prospect, located adjacent to Ur-Energy Inc’s (URE) 18Mlb Lost Creek uranium deposit and operating ISR uranium processing plant.
Exploration at Thor to date identified mineralisation with economic potential based on widths, grades and depth of mineralisation.
Four holes have been completed to date of the planned 70-hole (~40,000 ft) campaign to target extensions of two miles of mineralised roll front identified from drilling earlier this year.
Drilling is focused in the north-east the project, including at the two state leases.
Drilling at Wicket East
Wicket East lies on the southern boundary of Ur-Energy’s Lost Soldier Deposit. Drilling of up to 20 holes (~20,000ft) at Wicket East seeks to explore a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier property for ~three miles. This mineralised trend is interpreted from historic drilling information similar to that used at Thor.
Drilling at Odin, Loki and Teebo
Odin and Teebo are adjacent to Uranium Energy Corp’s (UEC) Antelope Project. Loki sits south of Antelope and north of URE’s Lost Creek. Drilling of ~40 holes (~40,000 ft) across all three prospects will explore ~five miles of mineralised trends interpreted from the historic information used at Thor.
GTI Energy holds 100% of ~35,000 acres (~14,000 hectares) over several groups of strategically located and underexplored mineral lode claims (Claims) and two state leases (Leases), prospective for sandstone hosted uranium that is amenable to low cost, low environmental impact ISR mining.
The properties are located in the Great Divide Basin (GDB) and at Green Mountain, Wyoming, USA. The properties are located in proximity to UR-Energy’s (URE) operating Lost Creek ISR Facility and Rio Tinto’s (RIO) Sweetwater Mill & the GDB roll front REDOX boundary.
The Green Mountain Project contains a number of uranium mineralised roll fronts hosted in the Battle Springs formation near several major uranium deposits.
For further information please visit: https://www.gtienergy.au/
