GTI Energy Ltd (ASX:GTR, OTC:GTRIF) CEO Bruce Lane talked with Proactive’s Tylah Tully about the company’s progress toward delivering an updated mineral resource estimate (MRE) and exploration target for the Lo Herma ISR Uranium Project in Wyoming’s Powder River Basin.
Lane shared that GTI Energy remained on track to release the updated estimate next month. This will include an expansion to the exploration target following recent drilling successes in the Fort Union formation and the addition of 2,500 metres of new terrain.
He noted, “We’ve prepared split core and samples for metallurgical analysis,” positioning the company to further its scoping study efforts.
Lane also highlighted how resource development drilling earlier in the year aimed to increase the global resource from the current 5.7 million pounds and to potentially upgrade a portion to the indicated category.
The campaign yielded encouraging results, validating drilling hypotheses in the north and east regions of the project, which positions GTI …