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Ann: Utah Uranium and Vanadium Exploration Update, page-2

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    6 August 2020ASX:
    GTRUtah Uranium and Vanadium Exploration UpdateHighlights
    GTI has completed a review of its recently secured historical data package covering theleases being acquired from Anfield and the existing Jeffrey, Rats Nest and Moki projectareas in the Henry Mountains Utah, USA. Data package significantly enhances exploration planning and targeting work. Preparation for Q3 exploration activity is progressing with field checks of the historical datacurrently in progress. GTI has satisfactorily concluded DD on the two mineral leases to be acquired from Anfield.
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    TI is awaiting drill core assay results from drilling completed at the Jeffrey project in June 2020 (see July2, 2020 ASX release). The reconnaissance stage drill program at Jeffrey targeted known shallowmineralisation in a near‐surface sandstone unit of the lower Salt Wash Member of the MorrisonFormation in the northern portion of the mineralised trend. The drilling also explored slightly deeper (toLevel 1/89 St Georges Terrace, Perth, WA 6000. Phone: +61 (0) 8 9226 2011, email: [email protected] web: www.gtiresources.com.auPage 1 of 3circa 20m from surface) sandstone units within the fluvial depositional sequence which lead toidentification of uranium mineralisation of economic interest in a second, slightly deeper, sandstone unit.This discovery substantially increases the potential of the Jeffrey project to host meaningful uranium andvanadium resources, similar to that historically produced.
 
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