Northern Minerals winds up 2013 with Wolverine results

THE DRILL SERGEANT: Northern Minerals (ASX: NTU) has received the final assays from a recently completed program of resource extension drilling at its Wolverine deposit.

The company said the drilling had returned some of the best heavy rare earth (HRE) intersections it has received to date.

The results include a number of high-grade HRE intersections across encouraging widths–including:

28.6 metres at 4.06 per cent total rare earth oxide (TREO).

 

Wolverine Prospect Long section. Source: Company announcement

 

Northern Minerals said results such as this further confirm the zone of HRE mineralisation below and to the west of the current Wolverine resource, which remains open at depth.

The results also add further to the company’s confidence in the revised exploration targets at the Browns Range project announced last month.

They will contribute to an additional resource upgrade Northern Minerals has planned for March next year.

“These intersections include some of the best we have received, and really top off what has been an outstanding follow-up drill campaign at Wolverine,” Northern Minerals managing director George Bauk said in the company’s announcement to the Australian Securities Exchange.

“It provides an increasing level of confidence in our resource target, and that we can deliver another significant resource upgrade early next year,” he said.

Northern Minerals emphasised the final results mark the completion of what it considers to have been a defining exploration program across Browns Range in 2013.

During the year the company completed more than 46,000m of exploration drilling, with more than 15,000 samples assayed.

Results from this program have already delivered a 165 per cent increase in JORC resources in October, with a further upgrade planned for March next year.

“Our exploration success during 2013 has really taken Browns Range a major step forward,” Bauk said.

“We have now established a significant mineral inventory for a start-up mining operation, with a pipeline of additional prospects and targets for future growth.”

Email:
info@northernminerals.com.au

Website:
www.northernminerals.com.au