(NewsDirect)
GTI Energy Ltd(ASX:GTR) CEO Bruce Lane tells Proactive all permits and bonds are nowin place for drilling to start mid-November at the company’s LoHerma ISR Uranium Project in Wyoming’s Powder River Basin. Initialdrilling of up to 26 holes is planned to validate and upgrade themaiden JORC inferred resource of 5.7 million pounds of uranium at anaverage grade of 630 parts per million. He adds that aerial geophysicsresults from Green Mountain are expected to be delivered in the comingweeks.
Focussed onexploring for, defining and developing economic ISR Uranium resources– GTI Energy is part of Wyoming’s Insitu Recovery (ISR) uraniummining renaissance.
GTI saw US uraniumsupply’s collapse and anticipated the coming surge in demand foruranium as a core component of America’s drive for homegrown,sustainable clean energy solutions. This led us to position GTI to bepart of the resurgence in demand for uranium using the lowest-cost andcleanest method of mining uranium, ISR.
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