Sign up Australia
Proactive Investors - Run By Investors For Investors

Positive early rare earth element results for Northern Uranium

Positive early rare earth element results for Northern Uranium

Northern Uranium (ASX: NTU) has rewarded shareholders who participated in last month’s renounceable rights issue with the conformation of mineralisation which identifies Heavy Rare Earth Elements (HREE) at Browns Range/

The HREE anomalies will be tested by further exploration activities commencing later this month, along with proposed field work to more accurately define drill targets.

Rock chip samples have been collected from the Wolverine, Gambit and Area 5 North Prospects, to allow Northern to commence a small scale characterisation study of the mineralisation.

The study will investigate the separation and recovery characteristics of rare earths from the Browns Range xenotime mineralisation.

This information is essential in determining the viability of the project.

Northern said initial sizing results are favourable and indicate the liberation size of the mineralisation may be in the relatively coarse at the 100-200 microns range.

With the onset of the northern wet season expected in November, it is anticipated that drilling will commence at Browns Range in the first quarter 2011.

Northern shares are higher in intra-day trading, up 9% to $0.32, well above the $0.16 per share renounceable rights issue, (2 new shares for every 5) conducted just last month.

View full NTU profile View Profile

Northern Minerals Ltd Timeline

Related Articles

Mine
December 08 2017
King's Bay's drill core is already attracting significant interest, with assays due next month
1537373733_copper-periodic-table-3.jpg
September 20 2018
The board of Carube boasts several decades of copper exploration and development experience between them
1539615615_ZincBalls.jpg
October 16 2018
Dr Graham Carman, president and chief executive, noted that at this point more than 40,000 metres had been drilled...

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use