GTI Energy Ltd (ASX:GTR) has mobilised two drill rigs to the Thor prospect to kick off the first stage of around 100,000 feet of drilling at its Great Divide Basin (GDB) ISR Uranium Project in Wyoming.
The drilling, which will start this week, will target known roll fronts for ISR-amenable uranium. The project is adjacent to Ur-Energy Inc’s 18-million-pound Lost Creek uranium deposit and operating ISR uranium processing plant.
Map of the prospects in the Great Divide Basin, Wyoming.
Economic potential
To date, exploration at Thor has identified mineralisation with economic potential based on widths, grades and depth.
The upcoming program at Thor includes follow-up drilling of up to 70 new holes (roughly 40,000 feet) to target extensions of two miles of mineralised roll front already identified from drilling earlier this year.
This new drilling will focus in the northeast of the project, including at the Wyoming state leases northeast of the claim blocks GTI previously successfully explored.
Beyond Thor
When it is finished with Thor, the company will move on to the Wicket East, Odin, Teebo and Loki prospects and plans to drill for a further 60,000 feet.
At Wicket East, on the southern boundary of Ur-Energy’s Lost Soldier Deposit, up to 20 holes (around 20,000 feet) will investigate a projected mineralised trend extending from the southern boundary of URE’s Lost Soldier property for around three miles.
This mineralised trend is interpreted from historic drilling information similar in nature to that used to plan the successful maiden drilling program at Thor.
Odin and Teebo are adjacent to Uranium Energy Corp’s (UEC) Antelope Project, while the Loki claims sit south of UEC’s Antelope and north of URE’s Lost Creek.
100,000-foot program to wrap by Christmas
Drilling of roughly 40 holes or 40,000 feet across the three prospects will explore mineralised trends, over a combined length of about five miles, as interpreted from the historical drilling information previously used to plan successful maiden drilling at Thor.
Executive director Bruce Lane said: “We’re delighted to confirm that the drill rigs have been mobilised to site and we look set to start drilling at Thor later this week.
“The drilling is sequenced across the five project areas to deliver the full 100,000-foot program prior to Christmas.
“It is exciting to be back drilling again and we look forward to providing further updates in due course.”
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