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).