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GTI Resources to begin RC drilling at Niagara Gold Project next month

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.

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GTI Resources’ aircore results confirm gold anomalism at Niagara Gold Project in WA

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.

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GTI Resources completes acquisition of two Utah uranium-vanadium leases, exploration underway

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.

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GTI Resources buoyed after intersecting quartz vein structures in drilling at Niagara

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.

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GTI Resources’ WA gold project moves ahead of schedule

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.

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GTI Resources begins drilling Niagara Gold Project after soil sampling identifies five new anomalies

“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.”

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Video: Investor Presentation: GTI Resources September 2020

This week, Stockhead heard from Bruce Lane, executive director of GTI Resources (ASX:GTR).

GTI commenced a significantly expanded 1,000-hole soil sampling program through auger drilling, at its Niagara (Kookynie) Gold Project in Western Australia.

Also the company recently 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, USA.

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Video: GTI Resources expects soil sampling results back soon ahead of drill programme at Niagara

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”.

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GTI Resources: Historical Data Package Analysis of Utah Leases Delivers High Value Information

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.

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GTI Resources Initiates Auger Soil Sampling & Reconnaissance Mapping at Niagara (Kookynie) Gold Project

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 %.

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GTI Resources Concludes SPP; Auger Soil Sampling Program Completed at Niagara (Kookynie) Gold Project

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.

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Soil sampling underway ahead of drilling of GTR’s WA gold project

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.

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GTR plot WA gold drilling program – to kick off in September

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.

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GTR Start Soil Sampling On WA Gold Project Ahead Of Drilling

GTi Resources’ ((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 ((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.

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GTI Resources commences extensive drilling program at Niagara

GTI Resources Ltd (ASX:GTR) has commenced its phased exploration program including its maiden drilling campaign at the Niagara gold project in Western Australia.

Niagara is a highly promising exploration project which now covers over 8 kilometres of prospective strike length on the underexplored Niagara Trend, adjacent to historical high‐grade gold mines.

GTR has also been making good progress at its Utah uranium and vanadium projects with interpretation of historical data and planning for the next stage of exploration now underway.

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GTR Primed for Maiden Drilling at Emerging WA Gold Hot Spot

The gold price is soaring, currently at US$1911 per ounce and presents a highly bullish environment for WA gold explorers.

GTi Resources’ (ASX:GTR) Western Australian gold project is starting to look increasingly interesting to investors, given the lofty gold price.

As such, if GTR identifies high grade gold in its upcoming drilling program, it could see a significant rise in value.

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Developing High Grade Uranium in Utah

Overview: GTI Resources Ltd (“GTI”, “the Company”) is an Australian minerals exploration company focused on uranium and vanadium.

The Company’s flagship assets are located in the prolific Henry Mountains region in Utah, USA with an initial focus on the Jeffrey Project.

The Henry Mountains region contains high grade uranium & vanadium deposits having produced 17.5 Mt of ore averaging 2,400ppm U3O8 and 1.25% V2O5 (92 mlbs U3O8 and 482 mlbs V2O5) dating back from the early 1900’s.

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GTi Resource’s uranium logging results imminent

GTi Resources Ltd (ASX:GTR) has completed the down hole gamma logging of historical drill holes at the Jeffrey uranium/vanadium project in Utah.

A total of 26 open historical drill holes were available for logging, with data generated to calculate eU3O8 assay values.

Results from this week’s logging program are expected to be available for release within the next 14 days.

It is good timing. In the month of April, the spot uranium price rose almost 24% to mark the largest monthly increase in almost thirty years. In six weeks, the spot price has risen 41%, being the fastest rise since 2007.

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Alternative energy sources get cheaper and … should we rethink nuclear?

Who would have ‘thunk’ it?

Energy is the top performing sector this week, up over 12 per cent.

Oil Search (ASX:OSH), Santos (ASX:STO), Origin (ASX:ORG) and Beach Energy (ASX: BPT) all rose over 10 per cent (at time of writing) this week.

It’s a far cry from last week when we saw stunning data highlighting the fall in the oil price into negative territory as West Texas Intermediate Crude hit the lowest level on record.

You may remember that for the first time in history, crude oil prices fell into negative territory as West Texas Intermediate, the US benchmark, traded as low as negative US$40.32 per barrel in a day of chaos in oil markets. The settlement price that Monday was -US$37.63, compared to US$18.27 on Friday.

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Multiple catalysts support GTI’s decision to progress Utah uranium projects

A combination of an improved uranium pricing environment, US government initiatives to increase supplies of uranium and positive exploration results are likely to see strong support for GTI Resources Ltd (ASX:GTR) in 2020.

The company has already performed well from a share price perspective, increasing nearly three-fold since March despite the impact of a sharp downturn in equities markets.

The company’s shares surged last week after it released promising assay results from a sample collected from historic mine workings within the Jeffrey claim group in Utah.

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$5M ASX Micro Cap Launches Uranium Exploration – Near the Only US Processing Facility

Uranium appears to have some serious positive momentum right now, with investors scrambling to get exposure to further upward movement in the commodity price.

There are a number of factors at play here, however a key one is that the US government has recently announced substantial new support for domestic uranium producers.

The Trump Administration is seeking $1.5BN over 10 years to buy uranium from US mines and shore up a domestic stockpile.

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Is uranium the next commodity to run? GTi Resources looks highly leveraged

In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023.

In other words, there is a looming uranium supply and demand mismatch and the association believes the uranium industry is only a couple of years away from firing again, leaving behind fears of another Fukushima.

There is reason to be positive about nuclear energy: it could play a crucial role in the decarbonisation of the world.

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GTI Resources Ltd

Level 1
89 St Georges Terrace,
Perth, WA 6000

PO Box Z5187
Perth WA 6831

+61 (0) 8 9226 2011

info@gtiresources.com.au

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