GTI Resources Ltd (ASX:GTR) made strong progress in the half-year ended June 30, 2021, and is well-funded as it gears up to explore historical uranium and gold assets in the US and Western Australia.

The company has a large holding in the Niagara gold mining district of Western Australia that offers an opportunity to test the historically mined area using modern exploration techniques.

GTI also has 1,500 hectares in the Henry Mountains region of Utah, USA, where the company plans to advance a uranium project to supply high-grade uranium ore to help fill existing local mill processing capacity.

GTI Resources Ltd has signed a binding agreement to acquire 100% of Branka Minerals Pty Ltd, the holder of around 22,000 acres of land across several underexplored mineral lode claims in the US states of Wyoming and Colorado.

The projects are highly prospective for sandstone-hosted roll front uranium mineralisation amenable to In Situ Recovery (ISR).

Upon completion, GTI will control the largest non-US, Russian or Canadian owned uranium exploration landholding in Wyoming’s Great Divide Basin (GDB), which is near UR Energy Inc’s Lost Creek ISR facility and Rio Tinto Limited’s Sweetwater/Kennecott Mill.

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.