GTI Energy identifies 12 miles of anomalies at Green Mountain
Melbourne, Victoria --News Direct-- GTI Energy Ltd
GTI Energy Ltd (ASX:GTR, OTC:GTRIF) executive director Bruce Lane tells Proactive results from a recently completed airborne radiometric and magnetic survey at the company’s 100%-owned Green Mountain ISR Uranium Project in Wyoming, USA, have revealed 12 miles (19 kilometres) of new radiometric anomalies indicative of uranium trends. Six prominent uranium anomalies were identified across the project area. These anomalies correlate with historically identified drill holes, interpreted trends, areas of past mining and/or known mineralisation.
Lane said in today’s announcement: “The aerial geophysical survey has provided us with clear direction as to where to drill at Green Mountain.
“We have been able to utilise the historical drilling and geological information completed by Kerr McGee Corporation, Wold Nuclear and others during the 1970s and 1980s to help interpret and extrapolate significant additional anomalous uranium trends, particularly within the eastern part of the extensive Green Mountain land position.
“The land package is surrounded by significant uranium deposits and resources owned by Rio Tinto, Energy Fuels, Ur Energy and UEC, so we know we are in an area with real potential. Our next step is to progress work on refining drill targets and permitting.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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