Northern Minerals Announces High-Grade Results at Browns Range Project

Northern Minerals Limited (ASX: NTU) announced high grade rare earth oxide geochemical results from the Browns Range Project.
Highlights are as follows:

• High-grade rock chip samples of up to 7.19% TREO returned from regional sampling;
•  Sampling returned multiple samples grading >1% TREO;
• RAB/RC drilling planned to provide first pass testing in Q2;
• RC program planned for Q3 for resource infill and step-out drilling;  A$2.15m private Placement completed to accelerate exploration, and
• SPP to close on 31 January 2018 to fund various initiatives including exploration

As quoted in the press release:

A total of 8 rock chip samples were collected in December 2017 from 7 prospect areas. Some of the samples were collected from known prospects, while others were from new target areas.
The results are significant, given the average grade of the Browns Range deposits is 0.66% TREO. The high proportion of Heavy Rare Earths for nearly all of the samples indicates that the rare earth mineral is likely to be xenotime, the same as that at Gambit West and Wolverine, the Company’s first two open pit mines. Of particular note is the very high-grade sample (7.19% TREO) at Iceman, a prospect with a strong geochemical surface anomaly over 200m in length, which is yet to be drill tested (see Figure 2). The samples are point samples and therefore have a high potential of bias, and should not be considered as being representative of the overall mineralised structure or rock type. The samples were selected using a spectrometer and a portable XRF (measuring yttrium).

Click here to read the full Northern Minerals Limited (ASX: NTU) press release.