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GTI Resources Ltd.
Summary
| Project: | Jeffrey | |
|---|---|---|
| Deposit: | Jeffrey | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 7/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2020: GTI Resources Ltd. announces an Exploration/Drilling Update report for its Jeffrey deposit at the Jeffrey project. Initial drilling results incl. 0.3m @ 3,535ppm U3O8 from 6.9m. GTI Resources Ltd (GTI or the Company) is pleased to report eU3O8 d | |
| Resources: | x | |
| CP/QP: | [Overall Report] Matthew hartman (SRK Consulting (US) Inc.) | |
| ABSTRACT: | GTI Resources Ltd (GTI or the Company) is pleased to report eU3O8 downhole gamma assay results and vanadium XRF results from its recently completed maiden drill program at the Jeffrey Project in the Henry Mountains region, Utah, USA. The initial small scale exploratory drill program targeted known shallow mineralisation in a near‐ surface sandstone unit of the lower Salt Wash Member of the Morrison Formation and also explored slightly deeper (to circa 20m from surface) sandstone units within the fluvial depositional sequence. As a result, GTI has successfully identified uranium mineralisation of economic interest in a second, slightly deeper sandstone unit, thereby substantially increasing the potential of the Jeffrey project to host meaningful uranium and vanadium resources, similar to that historically produced. The average depth of mineralisation intersected in the upper sandstone was 8m, while the deeper sandstone unit hosts mineralisation within 18m from surface. The drill core has now been logged, cut, & sampled for laboratory analysis with assay results expected mid‐August. | |
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