GTI Energy remains on track at Wyoming uranium projects
February 23, 2024 at 01:31 pm EST
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GTI Energy Ltd (ASX:GTR) executive director Bruce Lane sits down with Jonathan Jackson in the Proactive Australia studio to discuss progress and planning for the 2024 field season at its uranium projects in Wyoming, USA. Lane notes that permitting is on track for drilling programs expected to take place later this year. Lane talks about upcoming drilling results that will be used for an update to the Lo Herma mineral resource estimate and exploration target, which is scheduled for the December quarter of 2024. He also discusses the maiden drilling at Green Mountain that is planned this year with permitting underway after the company completed an airborne geophysical survey to help refine the previously planned drilling. Further to this GTI is evaluating its uranium/vanadium projects in Utah to determine potential paths for renewed exploration, resource development or other value-creating activities.
Lane said: "GTI intends to mobilise drilling rigs to Lo Herma as soon as the activity is fully permitted, and environmental clearances are finalised. At this time, GTI anticipates that drilling will commence at Lo Herma during July 2024."
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Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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GTI Energy Limited is an Australia-based Company, which is engaged in exploring mineral tenements in the United States of America including Utah, Colorado and Wyoming. The Company's projects include Wyoming in situ recovery (ISR) and Henry Mountains. The Wyoming in situ recovery (ISR) project includes Lo Herma, Great Divide Basin (GDB) and Green Mountain. The Lo Herma ISR Uranium Project is located in Converse County, Powder River Basin (PRB), Wyoming (WY). Its WY Powder River Basin tenements cover approximately 13,314 acres. The Thor, Teebo, Odin, Loki and Wicket prospects (GDB Prospects) are located within Wyoming's GDB Uranium District in Sweetwater County, WY. The GDB project has approximately 24,213 acres. The Green Mountain Project is located along the northeastern flank of the GDB and covers approximately 13,883 acres. It has land holdings in the Henry Mountains region of Utah, which includes uranium and vanadium mineralization generally shallow at 20-30 meters average depth.