Northern Minerals has received the first results from the current diamond drilling program at Browns Range in northern Western Australia. The drilling has delivered high grade HRE intersections and further defined mineralization in preparation for a maiden JORC Resource.
Highlights:
1. Diamond drilling at the Gambit Prospect returns the highest grade Heavy Rare Earth intersections recorded to date at Browns Range 38 meters at 4.15% TREO containing high levels of dysprosium and yttrium. The intersection includes 8 meters at 9.58% TREO
2. In fill and step out drilling at Wolverine continues to confirm the mineralized zone for JORC Resource definition.
3. Drilling is continuing at Gambit and Wolverine and across the Browns Range Project on other targets.
The assays are from the first six holes of a 22 hole diamond drill program and feature the highest grade intersections received to date at Browns Range. The first diamond drill hole drilled at the Gambit prospect (BRGD0001) intersected a mineralized zone with 38 meters at 4.15% TREO.
The 2012 diamond drilling at Gambit has focused on gaining information on the geological structures and has targeted the zones of mineralization identified in the 2011 drilling program. Since July 2012, two drill rigs have also been operating at Wolverine conducting step-out and infill drilling to gather data for a JORC resource.
Mr George Bauk MD of Northern Minerals said that “The Company is aiming to produce a maiden JORC resource at Wolverine in the last quarter of 2012 and is also working to develop a resource at Gambit. Our objectives for the drilling program are being met and so far our expectations have been exceeded. This first batch of results has delivered some very exciting indications from Gambit with some exceptionally high grades and has improved our understanding of the mineralization at Wolverine.”
Mr Bauk said said that “Further results are expected soon and additional drilling is being planned for both prospects in the coming quarter. This will include completion of the drilling requirements for a JORC resource at Wolverine.”
Source - Northern Minerals
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