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Arafura Resources and partner commence more drilling at Bonya on road to JORC estimate

This second program follows up solid tungsten results from the first program in April 2019.

Arafura Resources Ltd - Arafura Resources and partner commence more drilling at Bonya on road to JORC estimate
Notably, tungsten prices have been rising over the past few weeks

Arafura Resources Ltd (ASX:ARU) and its partner Thor Mining PLC (ASX:THR) have commenced a second drilling program at the Bonya Tungsten Project in the Northern Territory.

Drilling follows the preliminary program which returned intersections including 12 metres at 0.67% tungsten oxide from 46 metres depth and 29 metres at 0.70% tungsten oxide from 81 metres depth.

The 2,000-metre reverse circulation (RC) program will target the Samarkand and White Violet deposits and take three weeks to complete.

The objective of the drilling is to collect data for the purposes of estimating a JORC resource.

Arafura owns 60% of the Bonya project alongside Thor’s 40% operating interest.

Early XRF results are expected ahead of assays

Thor’s executive chairman Mick Billing said: “We are very hopeful of positive results from this follow-up drilling at Bonya.

“Each of the Samarkand and White Violet deposits had high grade results from our initial program in April this year and we hope to be able demonstrate sufficient continuity of good grade mineralisation along strike and at depth at each to allow subsequent preparation of a mineral resource estimate for these two deposits.

“We hope to be able to provide regular updates of progress, including provisional XRF analysis, during the program.

Tungsten prices jump higher

“Tungsten prices have improved considerably over the past few weeks with APT tungsten quoted most recently at US$227.50/mtu, just over a 25% improvement from early September.”

Nolans still the main focus for Arafura

Arafura’s core asset remains its 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.

Proactive caught up with Arafura earler this month for an update.

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Full interview: Arafura Resources releases initial assays from new drilling...

Arafura Resources Limited (ASX:ARU) general manager exploration and business development Richard Brescianini updates Proactive on initial assays from a new drilling program at the Nolans Bore Neodymium-Praseodymium (NdPr) deposit in the Northern Territory. These results from the phase I...

on 18/12/19

2 min read