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Arafura Resources Ltd.
Summary
| Project: | Nolans | |
|---|---|---|
| Deposit: | Nolans Bore | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 3/9/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-3-2020: Arafura Resources Ltd. announces an Exploration/Drilling Update report for its Nolans Bore deposit at the Nolans project. Drilling results incl. 75.68m @ 2.8% TREO from 364.37m. Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kelvin Hussey (Internal) | |
| ABSTRACT: | Arafura Resources Limited (ASX: ARU) (Arafura or the Company) is pleased to announce final assay results from the 2019 drilling program at its 100 per cent-owned Nolans Bore NeodymiumPraseodymium (NdPr) deposit in the Northern Territory. The nine-hole drilling program included four deep exploration holes targeting down-dip extensions to Indicated and Inferred Resources in the deposit’s North and Southeast Zones. Three of the four holes (NBRD1102, 1106 and 1109) intersected thick zones of rare earths mineralization up to about 200 metres vertically below the planned final mining pit (Figure 1) presented in the Definitive Feasibility Study (refer to ASX announcement 7 February 2019). Geological/radiometric logging, density (SG) determinations and geochemical analysis of these zones confirm that the mineralized material types and assay grades are consistent with those that constitute the Mineral Resources1. On this basis the Company considers there to be reasonable potential to increase the Mineral Resources at depth in the North and Southeast Zones. | |
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