GTI Resources expands Wyoming uranium footprint to 35,000 acres

GTI Resources expands Wyoming uranium footprint to 35,000 acres

Pic: Godzilla (1998), TriStar Pictures share

Around 13,800 acres of contiguous ISR uranium claims abutting Rio Tinto deposits at Wyoming’s Green Mountain have been acquired by GTI, directly adjacent to GTI’s existing Great Divide Basin (GDB) Projects and close to a number of significant uranium deposits.

The move comes after the company entered into a binding term sheet agreement to acquire 100% of Logray Minerals, holder of the under-explored mineral lodge claims.

GTI (ASX:GTR) now owns a hefty footprint of around 35,000 acres across the Green Mountain/GDB basin, one of several major basins within the Wyoming basin physiographic province known to host economic, sandstone-type roll front hosted uranium deposits.The Rio Tinto owned Jackpot Deposit contains over 52 million pounds of Uranium, according to former owner of the mine Green Mountain Mining Ventures.The new properties are within economically viable transportation distance from both existing land holdings and several significant uranium […]

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