Uranium Mining and Exploration

[Lone Clone]

GTI Resources completes uranium drilling over Section 36 at Henry Mountains Project in Utah

Forty drill holes have been completed and logged over the Henry Mountains tenement, which forms part of a historically significant uranium province in the US

https://www.proactiveinvestors.com.au/companies/news/954144/gti-resources-completes-uranium-drilling-over-section-36-at-henry-mountains-project-in-utah-954144.html

GTI Resources Ltd (ASX:GTR) has completed uranium drilling over Section 36, a key tenement within its Henry Mountains Uranium & Vanadium Project in Utah, USA.

The uranium explorer drilled and logged 40 holes on time and within budget, penetrating each hole to an average 23-metre depth using an all-terrain buggy drill rig.

Beyond the recently explored holes, GTI identified 31 historical drill holes at the tenement and logged these using a gamma probe.

It brings the total historical drill holes discovered and logged at Section 36 to 87.

Next steps
The latest phase of exploration over the Section 36 tenement, which neighbours GTI’s Jeffrey and Rats Nest uranium projects in the Henry Mountains, honed in on exploration target areas near the project’s principle East and West mines.

GTI Resources anticipates the initial triuranium octoxide results from this latest round of exploration within a fortnight.

Beyond that, the company expects chemical assays — including vanadium results — to come in between late August and early September.

Pending the results of this campaign, GTI aims to conduct further drilling to support the creation of a JORC-compliant uranium mineral resource for Section 36 and other areas within the Henry Mountains Uranium and Vanadium Project.

Ultimately, the company believes the shallow nature of mineralisation in this region supports continued, low-cost, rapid exploration advancements.

The Henry Mountains Project

A map of the Henry Mountains region and GTI’s claim group.

GTI’s landholding over the Henry Mountains in Utah covers roughly 1,500 hectares and forms the company’s uranium and vanadium exploration portfolio.

Broadly speaking, the region forms part of the prolific Colorado Plateau uranium province, which historically provided the most important uranium resources in the US.

Sandstone hosted ores have been mined in the region since 1904, while the area has historically produced more than 17.5 million tonnes of resource, grading at 2,400 parts per million triuranium octoxide U3O8 for 92 million pounds of triuranium octoxide and 12,500 parts per million vanadium oxide for 482 million pounds of vanadium oxide.