GTI Energy’s drilling yields strong uranium intercepts at Lo Herma

Proactive - Interviews for investors

GTI Energy Ltd (ASX:GRT) Executive Director and CEO Bruce Lane joins Proactive’s Tylah Tully to discuss its successful drilling program at the Lo Herma ISR Uranium Project in Wyoming's Powder River Basin. GTI has now completed 66 out of 76 planned drill holes as part of its 2024 resource estimate development drill program at the project. The drilling has confirmed that uranium mineralisation extends north of the current resource area, with strong intercepts found over a 2 kilometre stretch along projected trends, sending the company’s share price soaring over 30% today. Key intercepts include 6 feet at 0.123% U3O8 in drill hole LH-24-028 and 11.0 feet at 0.054% equivalent uranium ore grade (eU3O8) in drill hole LH-24-063. Of the 56 additional drill holes reported, 45 encountered on-trend mineralisation. Drilling has focused on expanding the resource and gathering data necessary for future scoping studies. The project is near several established ISR uranium production facilities, with GTI's exploration aiming to grow the current mineral resource estimate and potentially upgrade a portion of the inferred resource. The remaining drill holes will explore deeper mineralisation in the Fort Union formation, with results expected to be shared in upcoming reports. #ProactiveInvestors #ASX #GTIEnergy, #UraniumExploration, #LoHermaProject, #ISRMining, #UraniumMineralisation, #PowderRiverBasin, #UraniumDrilling, #EnergyResources, #MineralExpansion, #UraniumMining, #GeologicalSurvey, #NaturalResources, #MineralExploration, #Wyoming, #MiningUpdate, #UraniumGrades, #ResourceEstimate, #EnergySector, #FortUnionFormation, #MiningNews #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews