GTI Energy identifies 12 miles of anomalies at Green Mountain
November 22, 2023 at 09:01 pm IST
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GTI Energy Ltd (ASX:GTR, OTC:GTRIF) executive director Bruce Lane tells Proactive results from a recently completed airborne radiometric and magnetic survey at the company’s 100%-owned Green Mountain ISR Uranium Project in Wyoming, USA, have revealed 12 miles (19 kilometres) of new radiometric anomalies indicative of uranium trends. Six prominent uranium anomalies were identified across the project area. These anomalies correlate with historically identified drill holes, interpreted trends, areas of past mining and/or known mineralisation.
Lane said in today’s announcement: “The aerial geophysical survey has provided us with clear direction as to where to drill at Green Mountain.
“We have been able to utilise the historical drilling and geological information completed by Kerr McGee Corporation, Wold Nuclear and others during the 1970s and 1980s to help interpret and extrapolate significant additional anomalous uranium trends, particularly within the eastern part of the extensive Green Mountain land position.
“The land package is surrounded by significant uranium deposits and resources owned by Rio Tinto, Energy Fuels, Ur Energy and UEC, so we know we are in an area with real potential. Our next step is to progress work on refining drill targets and permitting.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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GTI Energy Limited is an Australia-based Company, which is engaged in exploring mineral tenements in the United States of America including Utah, Colorado and Wyoming. The Company's projects include Wyoming in situ recovery (ISR) and Henry Mountains. The Wyoming in situ recovery (ISR) project includes Lo Herma, Great Divide Basin (GDB) and Green Mountain. The Lo Herma ISR Uranium Project is located in Converse County, Powder River Basin (PRB), Wyoming (WY). Its WY Powder River Basin tenements cover approximately 13,314 acres. The Thor, Teebo, Odin, Loki and Wicket prospects (GDB Prospects) are located within Wyoming's GDB Uranium District in Sweetwater County, WY. The GDB project has approximately 24,213 acres. The Green Mountain Project is located along the northeastern flank of the GDB and covers approximately 13,883 acres. It has land holdings in the Henry Mountains region of Utah, which includes uranium and vanadium mineralization generally shallow at 20-30 meters average depth.