Bruce from GTI Energy sits down with Cecilia on the OTCQB Podcast to discuss all things GTI Energy.
Bruce from GTI Energy sits down with Cecilia on the OTCQB Podcast to discuss all things GTI Energy.
GTI Energy Ltd (ASX:GTR) has brought on board as executive director James (Jim) Baughman, a highly experienced Wyoming uranium geologist and corporate executive who will help guide GTI’s technical and commercial activities in the US.Baughman, QP (SME-RM) GDB/Red Desert…
GTI Energy Ltd (ASX:GTR) welcomes the news that spin-off Regener8 Resources NL has closed its IPO, having raised $4.5 million. This signals the conclusion of a deal with the new ASX-lister to acquire GTI’s gold holding, the Niagara Gold Project in WA, upon its debut, with shares in Regener8 forming part of the sale terms.
Due diligence on Logray and the properties has now been completed and the company expects settlement of the acquisition to take place during the first week of June, following a general meeting on May 27.
GTI Energy Ltd (ASX:GTR)’s Bruce Lane speaks to preparations for roughly 100,000 feet of drilling at the company’s in-situ recovery (ISR) uranium projects in Wyoming’s Great Divide Basin. Around 40,000 feet of follow-up drilling will commence in July at the Thor project in the northeast corner before maiden drilling kicks off at the nearby Wicket, Teebo, Odin and Loki projects.
GTI Energy Ltd (ASX:GTR) is offloading its non-uranium assets, one of which is the Kookynie Gold Project to be acquired by Regener8 Resources during that company’s listing to the ASX.
Regener8 has made a priority offer to GTR shareholders in tandem with the lodging of a prospectus with ASIC to raise up to $5.5 million for its initial public offering (IPO).
GTI Energy is divesting non-core assets to focus on its highly prospective uranium assets in the US while retaining a material shareholding and board representation in a well-funded entity (Regerner8) focused on gold exploration in Western Australia.
GTI Energy Ltd (ASX:GTR) will pick up nearly 14,000 acres worth of contiguous ISR uranium exploration claims in Wyoming’s Great Divide Basin.
The claims neighbour mining stalwart Rio Tinto’s uranium properties and will increase GTI’s landholding in the region to around 35,000 acres.
To support its endeavours in the uranium basin, GTI intends to raise A$5 million via a placement.
GTI Resources Ltd (ASX:GTR) has completed its maiden drilling program at Thor ISR Uranium Project in Wyoming’s Great Divide Basin and has identified mineralisation “with economic potential based on widths, grades and depth”.
This program of 100 drill holes for 48,540 feet (~15,000 metres) of drilling, which was completed on time and within budget, encountered mineralised roll fronts covering 17,640 feet of the project area, indicating great potential for in-situ recovery (ISR) uranium mineralisation.
The Perth-headquartered mining company with a focus on the exploration of uranium and gold assets, says drilling on the main host sand showed at least three separate roll fronts.
GTI Resources Ltd (ASX:GTR) has completed drilling a 100-hole maiden exploration campaign at Thor ISR Uranium Project in Wyoming’s Great Divide Basin (GDB) in the US.
GTI holds 100% of ~22,000 acres (~8,900 hectares) across several groups of strategically located and underexplored mineral lode claims and two state leases, prospective for sandstone-hosted uranium that is amenable to low cost, low environmental impact ISR mining.
The ~15,000-metre maiden drill program was completed on schedule and within budget at a time when the uranium spot price is surging, having recently moved past an 11-year high of US$60 per pound.
GTI Resources Ltd (ASX:GTR) remains on track to complete an extensive drill program at its Thor ISR uranium asset in Wyoming’s Great Divide Basin by mid-March.
Two mud rotary drill rigs recommenced the maiden campaign in February, aiming to complete the remaining 60 holes in GTI’s planned 15,000-metre, 100-hole drill programs.
Now, there are just nine holes to drill, and the uranium explorer says these are on track to wrap up by the middle of next week.
GTI Resources Ltd (ASX:GTR) has recommenced drilling to complete the balance of the 100‐drill hole exploration campaign at the Thor ISR Uranium Project in Wyoming’s Great Divide Basin.
Results to date confirm the discovery of a significant uranium mineralised system with strong economic potential.
The remaining 60% of drilling program will further test the newly discovered mineralised uranium system at Thor.
GTI Resources Ltd (ASX:GTR) has entered into a binding agreement with Regener8 Resources NL for the sale of certain Western Australian tenements, comprising GTR’s Niagara Gold Project near Kookynie.
GTR has conditionally agreed to sell its 100% interest in the project to Regener8 subject to conditions including shareholder and regulatory approvals.
The divestment of GTR’s gold assets, will enable the company to focus on its highly prospective US uranium assets.
GTI Resources Ltd (ASX:GTR) is about to kick off its 2022 work program at Thor ISR Uranium Project in Wyoming, USA, as it prepares to complete the remaining 60-odd holes of a planned 100‐hole maiden drill program.
Field reconnaissance is scheduled to begin next week with two mud rotary drill rigs to be mobilised, weather permitting, to finalise the 15,000-metre drill campaign.
“Drill results so far show that there is a strongly mineralised uranium system at Thor with potential for development,” executive director Bruce Lane said.
GTI Resources Ltd (ASX:GTR) has ended the December quarter in a strong financial position raising $2 million in new capital and with $4.75 million in hand as it drives exploration at its new acquired Thor ISR Uranium Project in Wyoming’s Great Divide Basin.
During the quarter, the company received encouraging results from Thor, demonstrating characteristics conducive to ISR recovery from its 100-hole drilling campaign at the uranium property, with 39 holes completed to date.
Further, the company has completed the acquisition of Branka Minerals Pty Ltd and its Wyoming ISR uranium exploration properties.
GTI Resources receives further encouraging results from Thor ISR uranium property
“We’re delighted with the performance of the geological team and the drill crew in Wyoming, and we look forward to more good results after the Christmas break,” says executive director.
GTI Resources Ltd – GTI Resources reports further encouraging results from Thor ISR uranium property
Mud rotary drill rigs, ancillary equipment and support vehicles at the Thor Project.
GTI Resources Ltd (ASX:GTR) has completed another 15 drill holes at the Thor in-situ recovery (ISR) uranium project in Wyoming’s Great Divide Basin.
The explorer is in the middle of a 100-hole drilling campaign at the uranium property, where it has completed 39 holes to date.
Of those, 19 have met or exceeded a grade thickness (GT) cut-off, averaging 0.60 GT.
GTI Resources Ltd (ASX:GTR) has completed 24 holes of its ~15,000 metres ~100-hole maiden drill program within Exploration Area 1 at the Thor ISR (in situ recovery) Uranium Project in Wyoming’s Great Divide basin.
10 of the 24 holes (42%) drilled to date with two mud rotary drill rigs have met or exceeded the grade thickness (GT) cut-off with an average of 0.68 GT (typical economically viable ISR grade and GT cut‐offs are: 0.02% (200ppm) uranium and 0.2 GT).
These results are in line with expectations and are viewed by GTI as indicative of the high potential for economic ISR uranium mineralisation.
GTI Resources Ltd (ASX:GTR) has made a highly encouraging start to its maiden drilling program at the Thor ISR Uranium Project in Wyoming’s Great Divide Basin with mineralisation meeting expectations for economic ISR recovery.
Positive results have been returned from the first 10 holes of a program of about 100 holes for around 15,000 metres with five holes meeting both grade and GT (grade + thickness) cutoff for an average GT of 0.99.
Two mud rotary drill rigs were used to drill the first of a planned 100-hole program at exploration area 1 at the Thor ISR project.
GTI Resources Ltd (ASX:GTR) has committed to become operationally carbon-neutral.
Having reviewed options to reduce and offset residual carbon emissions from its drilling program in Wyoming and from ongoing day to day operations, GTR has made the decision to acquire and eventually retire Australian Carbon Credit Units (ACCUs or carbon credits).
GTR has acquired 450 carbon credits from the East Kimberley Nyaliga Fire Project in WA, which was registered as an eligible offset project in 2017 by Nyaliga Aboriginal Corporation.
GTI Resources Ltd (ASX:GTR) has started drilling at the Thor ISR Uranium Project in Wyoming’s Great Divide basin with two mud rotary drill rigs.
The 50,000‐foot (around 15,000 metres) maiden drill program of about 100 holes is designed to confirm the grade and tenor of uranium mineralisation that was previously identified by Kerr McGee in the 1980s and to ultimately support the definition of an economic ISR uranium resource.
GTI Resources Ltd (ASX:GTR) has confirmed its focus on clean energy with the adoption of internationally recognised Environmental, Social and Governance (ESG) Stakeholder Capitalism Metrics framework created by the World Economic Forum (WEF).
The framework is based on 21 core metrics and disclosures, designed to provide common metrics that allow consistent reporting of sustainable value creation.
GTI Resources Ltd (ASX:GTR) has secured two mud rotary drill rigs for its planned drilling campaign at the Thor ISR uranium project in Wyoming’s Great Divide Basin.
GTI is on track to begin its maiden drilling program in December as it looks to confirm the grade and tenor of uranium mineralisation that was previously identified by Kerr McGee in the 1970 and 1980s and to support the definition of an economic uranium resource.
GTI Resources Ltd (ASX:GTR) is now approved to drill at the Thor ISR Uranium Project in Wyoming’s Great Divide Basin.
A 15,000-metre drill program will take place in December at the Thor project with the bonding process underway and contractor bids received for the mud rotary drilling campaign.
The campaign is due to begin on December 21 this year.
GTI Resources Ltd (ASX:GTR) has scheduled further fieldwork next month at Section 2 and Rat Nest prospects within the Henry Mountains Uranium and Vanadium Project, Utah, USA.
The proposed fieldwork program in the East Exploration Target area includes geological mapping, mapping of existing underground adits and locating and logging of additional existing shallow drill holes.
Importantly, this phase of fieldwork will help guide drill targeting for GTI’s drill campaign in the March quarter of 2022.
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.
GTI Resources Ltd (ASX:GTR) has completed uranium drilling over Section 36, a key tenement within its Henry Mountains Uranium & Vanadium Project in Utah, USA.
The uranium explorer drilled and logged 40 holes on time and within budget, penetrating each hole to an average 23-metre depth using an all-terrain buggy drill rig.
Beyond the recently explored holes, GTI identified 31 historical drill holes at the tenement and logged these using a gamma probe.
GTI Resources Ltd (ASX:GTR) has started uranium drilling on Section 36 of its Henry Mountains Uranium & Vanadium Project in Utah, USA.
The company flagged this second phase of uranium exploration after it received approval from the state of Utah to go ahead.
GTI has approximately 1,500 hectares of landholdings in the Henry Mountains within Garfield and Wayne Counties and the region forms part of the prolific Colorado Plateau uranium province which historically provided the most important uranium resources in the US.
GTI Resources Ltd (ASX:GTR) has received approval from the state of Utah for the second phase of uranium exploration on Section 36, part of the company’s overall Henry Mountains Uranium-Vanadium Project in that state.
The first phase of exploration of Section 36 which is adjacent to and along strike from GTI’s Jeffrey Project was completed during May including geological mapping, detailed mapping of all existing underground adits and an initial geophysical downhole logging program of 56 existing drill holes.
Drilling and second stage geophysical logging is planned for late June/early July.
GTI Resources Ltd (ASX:GTR) has logged historic uranium results from the Henry Mountains Uranium & Vanadium Project in Utah, USA, ahead of a surface drilling program scheduled for July.
Initial uranium exploration of Section 36 has been completed including geological mapping, mapping of all existing underground adits and geophysical downhole logging of 56 existing shallow drill holes.
Gamma assay results show that more than half of the holes demonstrated trace uranium mineralisation to a maximum depth of 61 feet.
GTI Resources Ltd (ASX:GTR) has advised that the first phase of its spring exploration field activity commences this week, following settlement of the acquisition and transfer of two State of Utah mineral leases from Anfield Energy Inc.
Exploration fieldwork will commence within the Section 36 historical mines, which is within GTR’s land position along a 5.5km mineralised trend.
These historical mines represent a robust development target with over 1,300m of historical underground workings.
GTI Resources Ltd (ASX:GTR) has set its near-term sights on exploration at its gold and uranium assets in Western Australia and the United states respectively.
The company plans to begin exploration activities in Utah over two newly acquired uranium leases shortly and will focus on a robust development target with more than 1,300 metres of historical underground workings.
These leases in the Henry Mountains district of south‐central Utah join the Jeffery and Rats Nest projects and consolidate ownership across a contiguous 5.5 kilometres of the interpreted mineralised trend.
GTI Resources Ltd (ASX:GTR) has received an independent WAMEX compilation report from CSA Global assessing the historical gold production and exploration activity at newly granted prospecting licences within the Niagara gold district in Western Australia.
The report highlights the material past production and drilling, which has occurred on the newly consolidated land package comprising newly granted P40/1515, P40/1516, P40/1517 and P40/1506 and the recently acquired P40/1513 and P40/1518.
The independent compilation of historical mine records, from WAMEX reports, indicates that the workings produced 5,100 ounces of gold at a grade of 25.8 g/t between 1898 and 1914.
GTI Resources Ltd (ASX:GTR) has completed the planning and permitting for the first phase of exploration following the settlement of the acquisition and transfer of two State of Utah mineral leases from Anfield Energy Inc.
The purchase of the leases serves to join the Jeffery and Rats Nest projects and consolidate ownership across a contiguous 5.5 kilometres of the interpreted mineralised trend.
The company has now finalised exploration permitting and anticipates starting the fieldwork during March or April once the weather allows.
GTI Resources Ltd (ASX:GTR) is encouraged by assay results from recently completed first pass shallow reverse circulation (RC) drilling program at the Niagara Gold Project and will continue its exploration efforts.
There were elevated gold values and anomalism intersected of up to 0.98 g/t gold and these results will assist in refining the overall exploration model and allowing the interpretation of several anomalous gold structures.
In addition, the company has been granted four new prospecting licences, expanding its holdings in the Niagara gold mining district.
GTI Resources Ltd (ASX:GTR) has received encouraging indications from recently completed reverse circulation (RC) drilling at Niagara Gold Project near Kookynie in Western Australia.
The company concluded RC drilling on schedule with many of the 16 holes intersecting quartz veins and potentially interesting silicification not intersected in the previous exploration.
This drill campaign targeted significant gold anomalies identified by previous soil sampling programs and confirmed by September’s aircore drilling within Exploration Licence E40/342 at Niagara.
GTI Resources Ltd (ASX:GTR) has accelerated exploration planning at its uranium-vanadium property in Utah, USA, subsequent to settling the acquisition and transfer of two mineral leases from Anfield Energy Inc (CVE:AEC) (OTCMKTS:ANLDF).
Purchase of the leases serves to join the Jeffery and Rats Nest projects and consolidate ownership across a contiguous 5.5 kilometres of interpreted mineralised trend.
More than 1,300 metres of historical underground workings have been mapped and sampled to complement the recently acquired and analysed historical drill data.
GTI Resources Ltd (ASX:GTR) has settled the acquisition and been granted prospecting licences P40/1513 and P40/1518 at the Niagara Gold Project that help create a contiguous package of prospecting licences covering around 5 kilometres of the historical Niagara gold trend.
Including the company’s existing E40/342 tenement, this consolidated land package hosts numerous historical shafts and workings and offers the company an opportunity to focus exploration within this highly prospective and historically underexplored mineralised corridor.
Reverse circulation (RC) drilling is underway on Tenement E40/342 and should be concluded before Christmas with assay results expected in February 2021.
GTI Resources Ltd (ASX:GTR) has commenced reverse circulation (RC) drilling at the company’s Niagara Gold Project near Kookynie in the eastern goldfields of Western Australia.
This RC drilling campaign is targeting completion of 16 drill holes at an average depth of 150 metres per hole for a total of approximately 2400 metres of drilling.
Targeting of the RC drill holes is based on GTR’s successful September drilling of 52 shallow aircore holes (average depth 49 metres) over the eastern part of the Niagara Gold Project.
GTI Resources Ltd (ASX:GTR) has received and analysed multi-element assays from the recently completed first pass shallow aircore drilling program at Niagara Gold Project southwest of Kookynie in the central Goldfields of Western Australia.
The multi-element results follow previous gold assays from aircore drilling that intersected elevated gold values and anomalism of up to 2.78 g/t gold.
These results, along with previous gold assay results, have contributed to the development of an overall exploration model with refined targets and this will be tested by a reverse circulation (RC) drilling campaign anticipated to begin next month.
GTI Resources Ltd’s (ASX:GTR) assay results from recently completed first pass shallow aircore drilling program at Niagara Gold Project, southwest of Kookynie in Western Australia, has confirmed gold anomalism of up to 2.78 g/t.
These results will contribute to the development of the overall exploration model, with targets to be tested by reverse circulation (RC) drilling now planned for early December to allow for multi‐element assay geochemistry analysis to be factored into drill targeting.
A total of 52 holes to an average depth of 45 metres for 2,553 metres of shallow aircore drilling was carried out over the eastern part of E40/342 and initially analysed for gold by ALS laboratories, together with an additional 229 QAQC (blanks, duplicates and standards) samples.
GTI Resources Ltd (ASX:GTI) has completed the acquisition of two mineral leases from Anfield Energy Inc in Utah, USA, that are highly prospective for uranium and vanadium with fieldwork underway to determine prioritised targets for drilling within the expanded project area.
While the company has initiated the permitting process at these leases, GTI plans to leverage extensive underground workings across the project area to study the controls and distribution of ore-grade mineralisation through refined mapping and sampling.
The acquired data, which contains valuable information regarding the Jeffrey, Rats Nest and Moki claim groups, has allowed GTI to rapidly advance the evaluation of held ground and facilitate much greater refinement of drill targets.
Drilling has intersected quartz in numerous drill holes with occasional pyrite with assay results expected in mid-October and an RC drill program scheduled to commence in late October.
GTI Resources Ltd (ASX:GTR) has received encouraging indications from recent aircore drilling at Niagara Gold Project in Western Australia with quartz veining intersected in a number of drill holes at predicted positions.
Drilling was concluded ahead of schedule and without incident with 52 holes completed at an average depth of 45 metres for a total of 2,321 metres.
GTI Resources (ASX:GTR) has finished its aircore drilling program at the Niagara Gold Project ahead of schedule.
The Niagara Gold Project is located ~6 km southwest of Kookynie in the central goldfields of WA and comprises one granted exploration licence, E40/ 342 and six contiguous prospecting licence applications including existing applications, P40/1506, P40/1515, P40/1516 and P40/1517 plus the recently acquired P40/1513 and P40/1518.
This region is starting to attract exploration attention and dollars, which has given GTR momentum to drill test its own ground here.
“GTI Resources Ltd (ASX:GTR) has started an initial aircore drilling program at Niagara Gold Project near Kookynie in WA after recent soil sampling identified five new gold anomalies.
A 60-hole program of aircore drilling is underway and is expected to be completed by early October.
Three previously identified gold anomalies have been expanded and the new targets hve been refined to include the new larger continuous areas of anomalism.”
Bruce Lane updates Proactive on its two key areas of focus – uranium and vanadium in Utah as well as gold assets in Western Australia. On the gold at Niagara he says they conducted a soil sampling programme a few months back and since then they’ve completed an aeromagnetic survey as well as more recently a much larger soil sampling programme which included 1000 samples which will be used to help target the next stage of exploration”.
Australian mineral explorer GTI Resources Limited (ASX:GTR) has completed analysis of historical data covering leases being acquired from Anfield and existing Jeffrey, Rats Nest and Moki Project areas in the Henry Mountains Utah.
The data review, digitisation, and ground- truthing of the acquired historical data has reinforced and established the Company’s initial interpretations of the expanded Jeffery/Rats Nest Project area. It has further validated the prospectivity of other land held by the Company within the Henry Mountains uranium district.
GTI Resources Ltd (ASX:GTR) has commenced a significantly expanded 1,000-hole soil sampling program through auger drilling, at its Niagara (Kookynie) Gold Project in Western Australia, along with reconnaissance mapping.
This latest news from the listed mineral explorer propelled the uptick in GTI share price, soaring 3.45 % to $ 0.03 on 20 August 2020. GTI’s stock traded at $.029 mid-day on 31 August 2020. Besides, in the last six months, the stock has delivered notable return of 480 %.
GTI Resources Limited (ASX:GTR) is rapidly evaluating the potential for economic gold mineralisation across the newly consolidated and historically underexplored Niagara Trend, near Kookynie in WA’s highly prospective eastern goldfields. The Company is excited at the prospect of being able to drill test the Niagara project soon.
Executive Director, Mr Bruce Lane notes that the neighbouring mineral explorers continue to produce encouraging drilling result at Kookynie.
GTi Resources’ (ASX:GTR) Western Australian gold project is gaining traction in a market where talk of gold remains bullish, despite its recent fluctuations.
GTR’s 100% owned Niagara Gold Project is located near Kookynie in the Eastern Goldfields of WA.
It is here where Genesis Minerals Ltd (ASX: GMD) recently acquired its own Kookynie ground, incorporating the Greater Ulysses Project, a 248km2 tenement package that includes 15km of strike length, a JORC Indicated and Inferred Resource of 414,000oz and 1.28Moz.