GTI Energy says uranium drilling imminent at Lo Herma
November 08, 2023 at 11:41 am EST
Share
(via NewsDirect)
GTI Energy Ltd (ASX:GTR) CEO Bruce Lane tells Proactive all permits and bonds are now in place for drilling to start mid-November at the company’s Lo Herma ISR Uranium Project in Wyoming’s Powder River Basin. Initial drilling of up to 26 holes is planned to validate and upgrade the maiden JORC inferred resource of 5.7 million pounds of uranium at an average grade of 630 parts per million. He adds that aerial geophysics results from Green Mountain are expected to be delivered in the coming weeks.
Focussed on exploring for, defining and developing economic ISR Uranium resources – GTI Energy is part of Wyoming’s Insitu Recovery (ISR) uranium mining renaissance.
GTI saw US uranium supply’s collapse and anticipated the coming surge in demand for uranium as a core component of America’s drive for homegrown, sustainable clean energy solutions. This led us to position GTI to be part of the resurgence in demand for uranium using the lowest-cost and cleanest method of mining uranium, ISR.
Contact Details
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
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.