GTI Energy Ltd (ASX:GTR, OTC:GTRIF) is gearing up for an expanded drilling program at the Lo Herma in-situ recovery (ISR) uranium project in Wyoming, US, with an amended drilling permit application proceeding as expected.
The amendment allows for optimised follow-up drilling to increase the number of drill holes and construct monitoring wells for groundwater data collection.
Drilling is still on schedule for the third quarter of this year and the company expects to update the mineral resource estimate and exploration targets for Lo Herma in the fourth quarter.
The program will include up 76 drill holes and up to five water monitoring wells, for a total of about 17,000 metres of drilling.
Green Mountain Project drilling
GTI Energy is also preparing for a maiden drilling campaign at the Green Mountain Uranium Project, also in Wyoming, after an airborne geophysical survey revealed drilling targets on the tenure.
The GTI team has selected 16 drill hole locations to be permitted for the 2024 drilling season, should weather and funding allow.
This program is designed to test the validity of a set of historical Kerr McGee drill hole maps as well as the interpreted mineralised regions as determined from the airborne geophysical survey.
GTI says it will consider a final decision to proceed with drilling once the reclamation bond amount is approved by Wyoming’s Department of Environmental Quality and the United States Bureau of Land Management.