GTI Resources Ltd (ASX: GTR) has confirmed that chemical assay results have uncovered the high-grade uranium and vanadium potential at the company’s newly acquired Henry Mountains projects in the USA.
The sampling programme conducted during the company’s pre-acquisition due diligence programme involved collection of grab samples from outcrops and underground mine workings and was conducted by SRK Consulting.
The company said these assay results, when combined with previously reported XRF assay results further confirm the presence of high-grade uranium and vanadium mineralisation within the claim groups acquired by GTI.
The highlights of the assay samples include a U3O8 grade of 32,400 ppm (3.24%) and 76,400ppm (7.64%) V2O5 from a sample collected from historic mine workings within the Point claim group.
A total of 10 samples were collected for independent laboratory assay during GTI’s due diligence effort prior to acquisition of the Henry Mountains projects.
Samples were collected from mineralised outcrops and working faces of historical underground mine developments within the acquired claim package.
Sample collection was guided by visible uranium and vanadium mineralisation, radiometric measurements, and hand-held XRF measurements and were collected to demonstrate the range of mineralised grades present in specific project areas.
