Following Up New Geophysical Targets In Utah
GTI Resources Ltd (ASX:GTI) has commenced exploration drilling on Section 36 which is part of the company’s overall Henry Mountains Uranium and Vanadium Project, Utah, USA.
This next phase of exploration drilling on Section 36 (which lies adjacent to and along strike from GTI’s Jeffrey and Rats Nest Projects) has commenced and utilises an all‐terrain Buggy Drill Rig.
Drilling targets have been generated using information gathered from the recent downhole geophysical logging program and geologic mapping. These targets are targeting a maximum depth of around 20m.
Drilling is focused on exploration target areas located in proximity to the principal existing underground mines, the East and West mines. Initial downhole gamma eU3O8 assay results are expected to be available during July with chemical assays including vanadium assays expected during August.
In addition, the company has this week concluded a second stage of downhole geophysical logging of 39 additional historical small diameter drillholes within the exploration target areas.
Pending results of the planned drilling campaign, the company is targeting further drilling towards development of a JORC code compliant uranium mineral resource for Section 36 and other areas within the Henry Mountain Uranium and Vanadium Project.
The company believes that the shallow nature of the mineralisation supports continued low‐cost, rapid exploration advancements.
Henry Mountains background
The company 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.
Sandstone hosted ores have been mined in the region since 1904 and the mining region has historically produced in excess of 17.5Mt @ 2,400ppm U3O8 (92 mlbs U3O8) and 12,500 ppm V2O5 (482 mlbs V2O5).
For further information please visit: https://www.gtiresources.com.au/
