GTi Energy (ASX:GTR) completes 73 resource development drill holes at Lo Herma ISR uranium project

GTI Energy Ltd (GTI) has completed 16,205m (53,166 ft) of drilling at its 100% owned Lo Herma ISR Uranium Project (Lo Herma) in Wyoming's Powder River Basin. The completion of the 73 resource development drill holes planned for 2024 presents significant upside potential for Lo Herma, confirming deeper uranium mineralisation at elevated grades within the upper Fort Union Formation.

GTI Director & CEO Bruce Lane comments on the drilling results

We are delighted that these results confirm excellent grades across good thicknesses in multiple stacked sands of the Fort Union formation. We remain very optimistic that additional pounds from this eastern part of Lo Herma can be bought into resource. This year's drilling has successfully confirmed that stacked sand units of both the lower Wasatch & upper Fort Union contain reliable continuity of mineralisation across extended areas of the project. The 2024 resource drilling is now completed with hydrogeologic and water monitoring wells to be completed in October. Following completion of that work, we plan to update the Mineral Resource Estimate and Exploration Target for Lo Herma by year end.

Summary of GTi Energy's completion of 73 resource development drill holes at Lo Herma ISR uranium project

GTI Energy Ltd (GTI) has successfully completed the 73 resource development drill holes planned for 2024 at its 100% owned Lo Herma ISR Uranium Project (Lo Herma) in Wyoming's Powder River Basin. The completion of the drill holes has confirmed deeper uranium mineralisation at elevated grades within the upper Fort Union Formation, presenting significant upside potential for Lo Herma. GTI plans to update the Mineral Resource Estimate and Exploration Target for Lo Herma by year end following the completion of hydrogeologic and water monitoring wells in October. The company remains optimistic about the additional pounds that can be brought into resource from the eastern part of Lo Herma, as the drilling has confirmed reliable continuity of mineralisation across extended areas of the project.