GTR 10.0% 0.6¢ gti energy ltd

Ann: Uranium Drilling & Logging Confirm Extensions & Tenor, page-46

  1. 726 Posts.
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    Yes. We are all waiting for something like that coto.

    As per yesterday’s quarterly report update (page 18/19)

    Exploration Planning

    The prospect areas have been divided into exploration targets at different stages and the Company is currently evaluating exploration programs and preparing a POW with the following focus:

    1st Priority Advanced Targets: May‐White Cross; York Good Friday & Christmas The advanced target areas represent areas with generally good coverage by historical exploration, often with significant drilling intersections reported. Extensive workings and ground disturbance limits the effectiveness of any further surface exploration techniques. Historical drill hole collars should be ground‐truthed where possible and previous drilling and assay results modelled prior to any additional drilling.

    2nd Priority Intermediate‐stage Targets: Jarrahdale‐Spinaway; Perseverance Jarrahdale and Perseverance represent intermediate‐stage exploration targets; both areas have recorded historical gold production but are less developed than the advanced targets. Transported cover and/or ground disturbance may limit the potential success of further surface exploration, however, this should be confirmed by reconnaissance. These prospects would benefit from reconnaissance mapping, and rock chip sampling of historical working and outcropping quartz veins to de‐risk the area prior to targeted drilling. An extended magnetic survey should also be given consideration as Perseverance is not currently covered by this survey.

    3rd Priority Early‐stage Targets: Green Bullet; White Cliffs The Green Bullet and White Cliffs areas have limited or no recorded historical production but have yielded high‐grade rock chips during previous exploration; Green Bullet is also supported by encouraging drilling and surface geochemical results. These areas would benefit from reconnaissance mapping and rock chip sampling, and auger sampling programs conditional on the outcome of a regolith assessment. These areas are not covered by the GTI Resources magnetic survey and should be considered for extension of the survey area.

    Additional Exploration Potential Large areas of transported cover not appropriate for auger surveys (conditional on outcomes of regolith study e.g., Perseverance) may yield basement targets to test via AC or RC drilling if an extended magnetic survey is acquired


    Should of wait a few months to buy. But uranium is now coming out of a little funk. And I would think this is a strong buy. My sentiment is hold at this time.
 
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