NioCorp Completes Phase 2 Drilling, Begins Phase 3

NioCorp Developments (TSXV:NB,OTCQX:NIOBF) has completed its Phase II drilling and metallurgical programs. The company also announced the commencement of Phase III drilling, which will be drilled on southwest to northeast section lines through the resource.

As quoted in the press release:

Final analytical results have been received for Drillholes NEC14-013 and NEC14-015. NEC14-013 is a vertical hole drilled through the center of the resource, which provided data for both resource and geotechnical purposes. NEC14-015 was drilled on a southwest to northeast section line. Along with previously reported holes NEC14-012 and NEC14-011, the results are supporting niobium mineralization around the outer edges of the defined Resource and its continuation at depth.

NioCorp CEO, Mark Smith, said:

We continue to be extremely pleased with the results from the 2014 drilling program. The drilling program along with the other technical work programs continue to advance at an impressive rate.

Click here to read the NioCorp Developments (TSXV:NB,OTCQX:NIOBF) press release