GTI Energy Ltd (ASX:GTI) has identified a wide area of uranium trends in newly completed drilling at the company’s ISR uranium projects in Wyoming’s Great Divide Basin (GDB or Basin).
He 2022 season drilling of with 103 mud rotary exploration drill holes has been successfully completed. The latest 33 holes have discovered an additional combined 2.65 miles of ISR amenable uranium mineralized roll front trends (Trends) increasing the total Trend length for GTI’s projects in the Basin to 7.5 miles.
Results at Teebo and Loki are particularly encouraging where 14 of 15 holes encountered uranium mineralization and six of those 15 holes met or exceeded cut-off for both grade and grade thickness (GT).
Odin, Teebo and Loki are located within circa 10 miles of the Company’s Thor project. Odin and Teebo lie adjacent to Uranium Energy Corp’s (UEC) Antelope Project. Loki sits south of Antelope and north of URE’s Lost Creek. Drilling targeted exploration of mineralized Trends interpreted from historic information also used at Thor.
Drilling at Odin (18 holes), Teebo (10 holes) and Loki (five holes) successfully encountered uranium mineralization at all three prospects.
The drilling successfully confirmed GTI’s exploration hypothesis that Trends are present in the targeted locations and that mineralization is below the water table at potentially viable depths for ISR mining. Initial results are observed as follows:
* 29 holes encountered uranium mineralisation below the water table.
* six holes met both grade and GT cut-off with an average of 0.45 GT – 2.25 x the target cut-off.
* 13 of the remaining holes met grade cut-off but not GT, 10 had trace mineral and four were barren.
“The strike rate for this round of exploration drilling at Odin, Teebo and Loki has been excellent with uranium mineralisation present in about 90% of holes to date. Results at Loki have identified new roll front uranium mineralisation at viable ISR depths,” Executive Director Bruce Lane said.
“It’s exciting to see strong results at Loki in such close proximity to UR Energy’s Lost Creek. Drilling this year in the Great Divide has increased our total roll front trend length to 7.5 miles & represents significant progress towards our goal of delivering a maiden resource statement in 2023.
“These interim results are positive, particularly with mineralization encountered at Teebo and Loki meeting expectations for potentially economic ISR uranium recovery. Drilling to date has confirmed GTI’s exploration hypothesis and has shown that the historic data continues to be a very useful guide for drilling.
“Drilling has also shown that the geological and hydrogeological setting of the mineralisation encountered to date at Odin, Teebo and Loki appears to be conducive to ISR recovery with the primary host sands appearing to be extensive and below the water table.”
For further information please visit: https://www.gtienergy.au/
