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Northern Minerals drill results at Browns Range indicate potential for mineral resource growth

Follow-up drilling in a second phase is being planned to begin at the end of the wet season.

Northern Minerals Ltd -
Drilling at the Toad prospect in late 2020

Northern Minerals Ltd (ASX:NTU) has received encouraging results across several targets from the first phase of its latest exploration drilling program at Browns Range Project in the Kimberley region of Western Australia, indicating the potential for mineral resource growth.

The results from 45 drill holes have been received from Dazzler Northwest (seven holes), Dazzler North/Ripcord (16 holes), Dazzler (six holes), Gambit West (seven holes), Wolverine West (four holes) and a new prospect named Toad (five holes).

Results from the remaining 71 drill holes in the 2020 program are expected to be returned over the course of the next few weeks.

Second drilling phase targeted  

Chief executive officer Mark Tory said: “Following up on these results will be one component of the second phase of our exploration drilling campaign, which we will be back on the ground to complete before the end of June.

“The relatively shallow depth, as well as the grade and widths of some of these intersections, give us plenty to work with, however much of the drilling in the first half of 2021 will be at new greenfields targets.

“Our overall strategy remains to increase the mineral resource and the life-of-mine potential at Browns Range to more than 20 years.

“This will feed into a future feasibility study for a potential commercial-scale heavy rare earths operation at Browns Range.”

Encouraging drill results

Encouraging drill results were received from first-pass drilling at Toad and Dazzler North prospects with best results from Toad returning 9 metres at 0.54% TREO from 53 metres and 11 metres at 0.37% from 52 metres, while at Dazzler North an intersection of 3 metres at 0.74% TREO from 8 metres was returned.

Northern Minerals will follow-up these initial results in the second phase of drilling being planned at Browns Range in 2021, following the end of the wet season in the Kimberley region.

A remaining 34 drill holes returned no significant intersections (>=2 metres at 0.15% TREO).

Follow-up drilling is being planned to start at the end of the northern wet season.

Quick facts: Northern Minerals Ltd

Price: 0.044 AUD

Market: ASX
Market Cap: $213.21 m

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