100,000 foot Uranium drilling program detailed

Published 17-MAY-2022 13:27 P.M.

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Investment Memo: GTR 2022

Objective: N/A

This morning our uranium exploration Investment GTI Resources (ASX: GTR) confirmed that applications were underway for a ~100,000 foot exploration program across its key ISR uranium prospects in Utah, USA.

This program will follow up on the drilling done earlier in the year where GTR confirmed a maiden discovery over its project area. To check out our coverage of that exploration program see our previous note here: Drilling results are in as Uranium prices keep edging upwards.

This next round of drilling will first target extensions (~40,000 feet of drilling) to that discovery and then move to the north to test 4 other prospective areas with the remaining ~60,000 feet of drilling.

Permitting is currently underway with drilling expected to commence in July.