Event non-ATF Mobile

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

  • August 31, 2020 12:24 PM AEST
  • Team Kalkine

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.

  • The data package contains more than 750 drill holes, including 362 drill holes within the now expanded Jeffrey/Rats Nest Project, and 107 drill holes within the Moki Project.
  • Additionally, the acquired historical data includes data from more than 253 drill holes outside of the Company’s current land position.
  • It represents a replication value at present-day cost in excess of $10 million.
  • The acquisition of the historical data has revealed a number of new exploration targets that warrant follow-up and further work, including drill testing.
  • This data is of particular interest due to property’s position immediately east of the Tony M Mine, indicating an extension of mineralised trend that requires further exploration.

Besides, the Company has received June 2020 drilling assays from Jeffrey Project that delivered vanadium assay results up to 41,055 ppm (4.11%) V2O5. They also confirmed gamma logging results up to 7,642 ppm (0.76%) U3O8.

Preparation for future exploration activity is progressing with evaluation and prioritisation of newly identified drill targets advancing.

GTR quoted $ 0.03, up 3.45 % mid-day on 31 August 2020.

 

Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.

Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.

Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.

Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.

CLICK HERE FOR YOUR FREE REPORT!

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK