GTI Energy confirms deeper uranium mineralisation at Lo Herma Project [Video]

GTI Energy Ltd (ASX:GTR, OTC:GTRIF) CEO Bruce Lane joins Proactive’s Tylah Tully to discuss the deeper uranium mineralisation the company has confirmed at its Lo Herma In-Situ Recovery (ISR) uranium project, in Wyoming’s Powder River Basin.
The 2024 resource development drilling program included 73 drill holes, with seven new ones, confirming deeper mineralisation in the upper Fort Union Formation. Key findings include a high-grade intersection of 1 metre at 0.185% eU3O8 from drill hole LH-24-071 and 2 metres at 0.074% eU3O8 from LH-24-069.
So far, the company has completed 53,166 feet (16,205 metres) of drilling, covering 96% of its 76-hole program. The program aims to expand and upgrade the inferred mineral resource, providing essential data for a scoping study. The next phase involves hydrogeologic investigation drill holes and water monitoring wells, which are expected to be completed in October 2024.
GTI Energy plans to update its mineral resource estimate (MRE) and exploration target by the end of the year. The project benefits from its location near existing ISR uranium production facilities, leveraging Wyoming’s long history of uranium production.
Lane expressed optimism about the results and the continuity of mineralisation across the stacked sand units.
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