viewGTI Resources Ltd

GTI Resources begins exploration drilling at uranium project in Utah

The shallow nature of the mineralisation will allow continued low-cost rapid exploration advancements.

GTI Resources Ltd - GTI Resources begins exploration drilling at uranium project in Utah
The buggy drill rig being used for drilling on Section 36 of the Henry Mountains Project.

GTI Resources Ltd (ASX:GTR) has started drilling for uranium mineralisation at Section 36 of the Henry Mountains Uranium and Vanadium Project in Utah, USA.

There are up to 40 holes planned at Section 36, which is adjacent to and along strike from GTI’s Jeffrey and Rats Nest projects.

The drilling is expected to be complete next week and results are expected during July.

Investors responded positively and shares were more than 18% higher to A$0.026.

Low-cost rapid exploration advancements

Recent downhole geophysical logging and geological mapping have generated drilling targets and the company is targeting a maximum depth of around 20 metres with the drilling.

This will be focused on the exploration target areas and in proximity to the principal existing underground mines – the East and West mines.

The initial downhole gamma uranium assay results are expected to be available in July while chemical assays including vanadium assays are expected to arrive in August.

Further drilling is planned after the assay results with the aim of establishing a JORC-compliant uranium mineral resource in Section 36 and other areas within the Henry Mountains Project.

GTI has also concluded a second stage geophysical logging of 39 additional historical small diameter drill holes this week.

The shallow nature of the mineralisation is expected to allow continued low-cost rapid exploration advancements.

Project summary

GTI Resources holds 1,500 hectares of land in the Henry Mountains region of Utah which has historically been the most important uranium resource of the US.

This region is part of the mineral-rich ‘Colorado Plateau uranium province’ which has produced 17.5 tonnes at 2,400 ppm U3O8 and 12,500 ppm vanadium pentoxide.

- Ephrems Joseph

Quick facts: GTI Resources Ltd


Price: 0.034 AUD

Market Cap: $29.06 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


GTI Resources details prospective new uranium properties in Wyoming

GTI Resources Ltd (ASX:GTR)’s Bruce Lane speaks to Proactive's Andrew Scott following the news they've acquired new under‐explored uranium properties in Wyoming’s Great Divide Basin. Lane says the move will see GTI control the largest non‐US, Russian or Canadian owned uranium exploration land...

on 18/8/21

2 min read