GTI Energy have permitting and bonding in place and are bringing the rig to Wyoming’s Great Divide Basin for 100 thousand feet of drilling over known roll fronts for an in-situ uranium resource.
The main focus will rest on 70 holes over the Thor prospect, aiming to extend its two miles of mineralised roll front proximal to the 18 million pound Lost Creek deposit.
A further 60 holes are plotted across four other prospects, exploring mineralised trends defined by historic drilling, in a similar buildup to the successful maiden campaign at Thor.
GDB uranium projects and planned exploration drilling areas.
The company said it expected the rig on site as soon as next month.
“The drilling is sequenced, across the five project areas, to deliver the full 100,000 ft program prior to Christmas,” executive director Bruce Lane said.
GTI will continue exploration over additional uranium and vanadium holdings in both Wyoming and the Henry Mountains of Utah.
GTR’s Australian Stock Exchange-listed share price was trading at 1.5c today (7:40am UTC+ 8 hours).