GTI Energy says uranium drilling imminent at Lo Herma
Melbourne, Victoria
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November 08, 2023 11:40 AM Eastern Standard Time
GTI Energy Ltd (ASX:GTR) CEO Bruce Lane tells Proactive all permits and bonds are now in place for drilling to start mid-November at the company’s Lo Herma ISR Uranium Project in Wyoming’s Powder River Basin. Initial drilling of up to 26 holes is planned to validate and upgrade the maiden JORC inferred resource of 5.7 million pounds of uranium at an average grade of 630 parts per million. He adds that aerial geophysics results from Green Mountain are expected to be delivered in the coming weeks.
Focussed on exploring for, defining and developing economic ISR Uranium resources – GTI Energy is part of Wyoming’s Insitu Recovery (ISR) uranium mining renaissance.
GTI saw US uranium supply’s collapse and anticipated the coming surge in demand for uranium as a core component of America’s drive for homegrown, sustainable clean energy solutions. This led us to position GTI to be part of the resurgence in demand for uranium using the lowest-cost and cleanest method of mining uranium, ISR.
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