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GTI ready to roll in the Great Divide

28 July 2022
ASX: GTR
Jack Baker

GTI Energy have finalised plans for a 100 thousand foot campaign of combined arms drilling over its expansive Wyoming holdings, targeting the known roll fronts for easily recovered in-situ uranium resources.

Prior drilling has already confirmed a thick economic resource lying at the Thor project — earmarked for up to 70 new holes to extend on two rich miles of mineralised roll fronts.

The campaign will also hit into prospects across the uranium-famed Great Divide Basin at Wicket East, Odin, Loki, and Teebo for an energy resource growing in international importance as even staunchly anti-nuclear nations look to reactors to ease an ongoing power crisis.

 

Planned exploration areas of Great Divide Basin ISR projects

 

The company said it was bullish on producing a resource report as soon as next year.

“We have sequenced the drilling to deliver the full 100,000 feet program prior to Christmas as originally planned,” executive director Bruce Lane said.

The drill program and further updates are expected to move forward in the coming weeks.

GTR’s Australian Stock Exchange-listed share price has risen 13.33 per cent today, selling at 1.7c (8.47am UTC+ 8 hours).

COMPANY OVERVIEW

Focussed on exploring for, defining and developing economic ISR Uranium resources – GTI Resources 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. Providing corporate transparency, GTI has also adopted the internationally recognised Environmental, Social and Governance SCM Framework created by the World Economic Forum (WEF), where all progress is measured against these core metrics and included in GTI’s annual report on the ASX. The key driver of value creation for GTI is making economic uranium discoveries. GTI’s ISR uranium projects in Wyoming position us to define uranium resources that can potentially be developed quickly & cost effectively with a low environmental impact.

COMPANY INFORMATION

ASX: GTR

Website

https://www2.asx.com.au/markets/company/gtr

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