GTI Resources Ltd’s (ASX:GTR) latest uranium drilling and logging results on Section 36 within the wider Henry Mountains Uranium and Vanadium Project in Utah, USA, have confirmed extensions and tenor of mineralisation.
The drilling program followed the successful logging of 56 existing holes and mapping of underground adits completed in May.
Mineralisation was discovered in the West Exploration target area with drilling confirming extensions within close proximity to underground mine workings between the south and east portals and between the east portal and outcrop to the south.
Grade consistent with past producting mines
A total of 40 holes have been drilled to date with 23 of the holes mineralised – hole 36-1034 contained 5 feet at an average grade of 0.179% uranium oxide from 24.5 feet below the surface.
A further 32 holes were logged with 10 encountering mineralisation with hole 36-0318 containing 4.5 feet at an average grade of 0.143% uranium oxide (1430ppm) from 39 feet below the ground surface.
Thickness and grade of uranium mineralisation is consistent with that observed in the region’s past-producing mines that produced more than 17.5 million tones at 2,400ppm uranium oxide and 12,500ppm vanadium oxide.
GTI Resources has 1,500 hectares of land holdings 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 USA.
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