Uranium strike length more than doubled in 2022

Our U.S. based uranium Investment GTI Energy (ASX: GTR) just finished its 2022 drilling program at its project in Wyoming’s Great Divide Basin - the home of the US uranium industry.

With this drill program, GTR completed a total of ~103 drillholes and managed to increase the total strike length (mineralised roll front trends) for its project to 7.5 miles (~12km).

The increase in strike length to ~12km is a large upgrade on the project's initial ~5km of strike before GTR started its 2022 drilling program.

Below is a map of GTR’s project showing where the strike lengths were extended:

While GTR has completed all of its drilling for 2022, the company said it would “evaluate options to conduct further drilling, under the permitted program during early 2023 subject to weather conditions” meaning we could see GTR drill again in early 2023.

We hope the progress made with drilling translates into a maiden JORC resource for the company. We consider a maiden JORC resource to be a significant catalyst that would bring GTR onto the watchlists of the major uranium players in Wyoming.

With the ultimate aim of the drilling program being either an exploration target or a maiden JORC resource, we set up our expectations around potential outcomes for GTR as follows: