THE DRILL SERGEANT: Northern Minerals (ASX: NTU) has received results from a recent drilling program carried out at the company’s Browns Range project in northern Western Australia.
According to the company the drilling has produced some sizeable heavy rare earths (HRE) intersections at new mineralised zones.
The exploration program included first pass drilling across a number of new targets at Browns Range with more than 5,600 metres of Reverse Circulation (RC) drilling at the Mystique, Banshee, Sabretooth and Cyclops prospects and 8,400m at the existing Gambit and Area 5 prospects.
Highlights of the recent work include:
– The newly drilled area at Gambit West produced a new zone of HRE – extending the mineralised Gambit geological structure to more than one kilometre strike potential;
– Mineralisation extended at Area 5 prospect with assay results of up to 11 metres at 1.15 per cent total rare earth oxides (TREO) from 11 metres and 7 metres at 3.83 per cent TREO from 119m;
– First pass drilling at Mystique has identified HRE mineralisation, with intersections up to 10m at 0.73 per cent TREO;
– First pass drilling at Banshee identified HRE mineralisation, with intersections up to 14m at 0.52 per cent TREO from 95m and 10m at 0.71 per cent TREO from 68m; and
– A broad zone of shallow low-grade mineralisation was intersected at Banshee with results of 12m at 0.25 per cent TREO from surface.
Northern Minerals said the results it has received to date have confirmed HRE mineralisation at the Mystique and Banshee targets, with high-grade intersections at a new area west of the established Gambit prospect.
Drilling at Gambit prospect. Source: Company announcement
In addition, the extent of HRE mineralisation has been increased at the Area 5 prospect.
Assay results for the RC drilling completed within the central Gambit area are currently still pending.
The company considers the results to be a boost for the Browns Range project, where it is aiming to produce a maiden JORC resource before the end of 2012 at the advanced Wolverine prospect.
Northern Minerals said the initial results had supported the potential for further significant HRE discoveries similar to the Wolverine and Gambit prospects.
“These are outstanding drill results, which confirm some significant new HRE discoveries at Browns Range, and highlight the fact that we have really only just started to tap into the regional potential of the project,” Northern Minerals managing director George Bauk said in the company’s announcement to the Australian Securities Exchange.
“While the Wolverine prospect continues to deliver and is currently being progressed toward a JORC resource status, we also have a pipeline of earlier stage projects which we are working to prove up as part of our strategy to build a significant mineral inventory in the region for the future.
“The new discovery at west Gambit is particularly exciting, and indicates a more significant mineralised geological structure in the Gambit region which we will continue to test.”