GTI Resources planning for second phase of uranium exploration

2 minute read

By Trevor Hoey. Published at Jun 9, 2021, in Mining

GTI Resources Ltd (ASX:GTR) has received approval from the state of Utah for the second phase of uranium exploration on Section 36, part of the company’s overall Henry Mountains Uranium-Vanadium Project in that state.

The first phase of exploration of Section 36 which is adjacent to and along strike from GTI’s Jeffrey Project was completed during May including geological mapping, detailed mapping of all existing underground adits and an initial geophysical downhole logging program of 56 existing drill holes.

Drilling and second stage geophysical logging is planned for late June/early July.

The following shows the location of the drillholes logged during phase one relative to historic mining and the mapped outcropping of the host formation.

Drilling targets have been generated using information gathered from the recent downhole geophysical logging program and geologic mapping.

These targets are located within the exploration areas shown above.

The planned second phase exploration includes surface drilling of the exploration target areas and in proximity to the principal existing underground mines, the East and West mines.

GTI will also conduct a second stage of downhole geophysical logging of an additional 39 existing small diameter drillholes within the exploration target areas as shown below.

Pending results of the planned drilling campaign, management is targeting development of a JORC code compliant uranium mineral resource for Section 36 and other areas within the Henry Mountain Uranium and Vanadium Project.

The shallow nature of the mineralisation supports the continuation of a low-cost rapid exploration program.

GTI has approximately 1,500 hectares of landholdings in the Henry Mountains region of Utah within Garfield and Wayne Counties.

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 and the mining region has historically produced in excess of 17.5 million tonnes at 2,400ppm U3O8 (92 mlbs U3O8) and 12,500 ppm V2O5 (482 mlbs V2O5).


View Our Investment Portfolios


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X