leadf
logo-loader
viewGTI Resources Ltd
(
ASX:GTR
)

GTI Resources' drilling and logging results confirm uranium extensions and tenor at Henry Mountains Project in US

Forty drill holes have been completed and logged over the Henry Mountains tenement, which forms part of a historically significant uranium province in the USA.

GTI Resources Ltd -
The all-terrain drill buggy used in the exploration campaign over the Section 36 uranium tenement in Utah.

GTI Resources Ltd’s (ASX:GTR) latest uranium drilling and logging results on Section 36 within the wider Henry Mountains Uranium and Vanadium Project in Utah, USA, have confirmed extensions and tenor of mineralisation.

The drilling program followed the successful logging of 56 existing holes and mapping of underground adits completed in May.

Mineralisation was discovered in the West Exploration target area with drilling confirming extensions within close proximity to underground mine workings between the south and east portals and between the east portal and outcrop to the south.

Grade consistent with past producting mines 

A total of 40 holes have been drilled to date with 23 of the holes mineralised – hole 36-1034 contained 5 feet at an average grade of 0.179% uranium oxide from 24.5 feet below the surface.

A further 32 holes were logged with 10 encountering mineralisation with hole 36-0318 containing 4.5 feet at an average grade of 0.143% uranium oxide (1430ppm) from 39 feet below the ground surface.

Thickness and grade of uranium mineralisation is consistent with that observed in the region’s past-producing mines that produced more than 17.5 million tones at 2,400ppm uranium oxide and 12,500ppm vanadium oxide.

Project summary

A map of the Henry Mountains region and GTI’s claim group.

GTI Resources has 1,500 hectares of land holdings in the Henry Mountains region of Utah, within Garfield and Wayne counties.

The region forms part of the prolific Colorado Plateau uranium province, which historically provided the most important uranium resources in the USA.

Quick facts: GTI Resources Ltd

Follow
ASX:GTR

Price: 0.046 AUD

Market Cap: $36.62 m

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

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