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Northern Minerals intersects near-surface high-grade rare earths

The date of: 2019-11-13
viewed: 2

source:Proactive Investors Australia

Further drilling at Browns Range Project is set to commence later this week, with exploration and resource definition drilling planned at several different deposits and targets.

Northern Minerals Ltd (ASX:NTU) has confirmed further high-grade results from the recently completed infill and step-out reverse circulation (RC) drilling at the Dazzler prospect, part of the Browns Range Project in the East Kimberley region of Western Australia.

Assay results have been received for the first 12 of the 51 drill holes completed at Dazzler in September.

NTU’s drilling program focused on the area of the scree slope below the scarp where previous drilling was undertaken.

The drilling program was designed to step-out to the north of the previous drilling in order to update the existing resource.

These results are highly significant as many of the intercepts occur at or near the surface, increasing the potential for a low operating cost operation.

The results will be used to update the resource estimate which will be completed in January 2020.

NTU’s Dazzler deposit is located less than 15 kilometres from the Browns Range Pilot Plant on the edge of a small scarp slope.

The maiden inferred resource for the Dazzler deposit has been estimated at 144,000 tonnes at 2.23% TREO comprising 3,200,000 kilograms TREO using a cut-off grade of 0.15% TREO.

Further RC drilling at Browns Range is set to commence later this week, with exploration and resource definition drilling planned at several different deposits and targets.

NTU managing director and CEO George Bauk said: “We continue to be impressed and enthusiastic about the potential of Dazzler.

“As with all mineral deposits ‘grade is king’ and these results continue to deliver on the upside.

“We will now commence updating the Mineral Resource Estimate and investigate mining studies for Dazzler.”

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