GTI Energy (ASX:GTR) reports that permitting and bonding is now in place to start the first stage of 100,000ft (30,480m) of drilling at its Great Divide Basin (GDB) Project in Wyoming in the US.
The company notes that Thor is the most advanced of the GDB Project areas and is located adjacent to Ur-Energy Inc’s (URE) 18 million-pound Lost Creek uranium deposit and operating ISR uranium processing plant.
Exploration at Thor to date has successfully identified mineralisation with economic potential based on widths, grades, and depth of mineralisation.
The upcoming program at Thor is now planned, permitted & bonded to include follow-up drilling of up to 70 new holes (40,000ft) to target extensions of the 2 miles of mineralised roll front identified from drilling completed earlier this year.
The new drilling will focus in the north-east of the project including the two Wyoming state leases located northeast of the lode claim block
The new drilling will focus in the north-east of the project including the two Wyoming state leases located northeast of the lode claim block which GTI previously successfully explored.
Meanwhile, drilling of up to 20 holes (~20,000ft) at Wicket East is seeking to explore a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier property for 3 miles, as defined by historic drilling information similar in nature to that used to plan the successful maiden drilling program at Thor.
Wicket East abuts the southern boundary of Ur-Energy’s Lost Soldier Deposit.
Drilling of 40 holes (40,000ft) collectively across Odin, Teebo, and Loki also seeks to explore mineralised trends, over a combined length of 5 miles, as defined by the historic drilling information previously used to plan successful maiden drilling at Thor.
Odin and Teebo are adjacent to Uranium Energy Corp’s (UEC) Antelope Project.
The Loki claims sit south of UEC’s Antelope and north of URE’s Lost Creek.
GTI Energy holds 100% of 35,000 acres (14,000 hectares) across several groups of strategically located and underexplored mineral lode claims and 2 state leases, prospective for sandstone hosted uranium that is amenable to low cost, low environmental impact ISR mining.
The properties are located in the Great Divide Basin (GDB) and at Green Mountain, Wyoming, US.
