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NioCorp Developments Ltd. (TSXV:NB,OTCQX:NIOBF,FWB:BR3) has reported additional high grade assays from ongoing drilling at its Elk Creek project in Nebraska. NEC14-010 final results included 3.5 meters at 3.09% Nb205 including individual assay samples of over 4.06%.
NioCorp Developments Ltd. (TSXV:NB,OTCQX:NIOBF,FWB:BR3) has reported additional high grade assays from ongoing drilling at its Elk Creek project in Nebraska. NEC14-010 final results included 3.5 meters at 3.09% Nb205 including individual assay samples of over 4.06%.
As quoted in the press release:
Drillholes NEC14-009 and NEC14-010 were drilled along a North-East to South-West section line designed to drill across the previously defined Niobium Resource. These drillholes were drilled towards each other from opposing sides of the defined Resource; drillholes NEC14-009 and 010 were completed along a parallel section line to the south-east of drill holes NEC14-006, 007 and 008. Together, these five holes make up Phase I of NioCorp’s 2014 drilling program. Phase II drilling at the project has commenced, which will consist of an additional 6 holes.
NioCorp CEO, Mark Smith, said:
Yet again, our drilling program at Elk Creek continues to deliver impressive Niobium assays. In our last release, we announced for the first time, results in excess of 3% material, and now we have found increased levels over 4%, confirming our belief that this truly is a world class deposit. Our continued parallel work with metallurgy has now completed in excess of 300 bench scale tests, and contracts are being negotiated for pilot plant work to commence as soon as possible.
Click here to read the NioCorp Developments Ltd. (TSXV:NB) press release
