NioCorp Provides Final Phase II Drilling Results

NioCorp Developments Ltd. (TSXV:NB;OTCQX:NIOBF) announced additional assay results to complete its Phase II drilling program and advancement operations in Elk Creek, Nebraska.

As quoted in the press release:

The final analytical results have been received from drillholes NEC14-016 and NEC14-Met-03. NEC14-016 was drilled along a northeast to southwest trending section line through the resource, and NEC14-Met-03 was a vertical hole drilled through the approximate center of the defined Niobium resource. NEC14-Met-03 was drilled along with two other holes for the specific purpose of generating a bulk sample of the resource for pilot-scale testing, and was quartered and assayed due to its location. These results, in addition to drillholes NEC14-011, NEC14-012, NEC14-013, NEC14-014, and NEC14-015 continue to support niobium mineralization in the area of the defined resource and its continuation at depth, and together complete NioCorp’s Phase II drilling program.

Mark Smith, CEO of NioCorp, stated:

The final Phase II drilling results continue to be extremely encouraging and supportive of our project. I could not be more pleased with the overall high-grade assay results that have been delivered from both our Phase I and Phase II drilling program at our Elk Creek deposit. Third Phase drilling will be completed by mid-December 2014, and we are anxiously awaiting the upcoming analytical results.

Click here for the NioCorp Developments Ltd. (TSXV:NB;OTCQX:NIOBF) press release.