GTI Resources Advances Developments at Utah & Western Australia Tenements Through 1H20

2 min read | September 01, 2020 02:17 PM AEST | By Team Kalkine Media

Google News:

Recent News

ASX Mining Stocks Face New Portfolio Discipline Test

Inside The ASX Metal & Mining Stocks Reset As copper and critical mine...

Lithium Stocks 2026: The Mine Ramp Reality Screen ASX Readers Are Watc...

Lithium Stocks Reset as Downstream Strategy Takes Focus

Make Kalkine Media
My Trusted Source

GTI Resources Limited (ASX:GTR) has reported its activities for the half-year ended 30 June 2020. During the period, the Company was engaged in exploring mineral tenements in Utah (United States) and Western Australia.

At Utah Uranium and Vanadium Project, GTI completed a sampling program conducted on outcrop and underground workings at the prospective Rats Nest project. Samples returned assay values ranging up to 0.87% U₃O₈and 1.07% V₂O₅, confirming the prospectivity of the Project.

GTI also completed its maiden drill program at the Jeffrey Project in the Henry Mountains region. The program successfully achieved the drilling and down-hole gamma logging of the targeted 12 diamond core drill holes to test the extent of shallow uranium and vanadium mineralisation across the southern portion of the Project. The results of the downhole gamma logging returned high in situ assay values up to 3,535ppm eU₃O₈.

At Niagara Gold Project, GTI progressed the grant of the new prospecting licence applications (P40/1506, P40/1515, P40/1516 and P40/1517). It also undertook an airborne magnetic survey, aimed to follow up anomalous soil sampling results.

Developments have continued post the reporting period. GTI entered into binding agreement to acquire 100% of two mineral leases from Anfield Energy Inc. GTI also reported grant of 5-year extension of term for Kookynie exploration licence E40/0342. Besides, GTI completed the Placement raising $1,811,289 and SPP raising $978,000 (both before costs).

GTI’s shares traded at $ 0.027 mid-day on 1 September 2020.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.