Northern Minerals Ltd
Northern Minerals Ltd (ASX:NTU) is listed on the Australian Securities Exchange.
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Northern Minerals to focus 2020 exploration on high-grade Browns Range unconformity targets
Northern Minerals Ltd (ASX:NTU) will prioritise exploration in 2020 on high-grade unconformity targets of Browns Range Rare Earth Project in WA after recent success at Dazzler deposit confirmed the prospectivity of these targets.
The company has undertaken a trial gravity survey over Dazzler that revealed a distinct gravity feature, most likely related to hydrothermal alteration of the host rocks.
Hyperspectral studies have also been undertaken on diamond drill core from Dazzler that indicates a distinct hydrothermal alteration signature.
Targeting tools
Based on the anomalous surface geochemistry at Dazzler and the fact that it has a distinct gravity and hyperspectral signature, these methods will be used as targeting tools for the next phase of exploration.
Northern Minerals' managing director and CEO George Bauk said that exploration would continue to be a value-add for the company in 2020 at the project in the East Kimberley region.
With regards to the hyperspectral analysis, the company is investigating whether previously acquired airborne hyperspectral data can be interrogated in the hunt for Dazzler lookalikes.
Other Northern Minerals Ltd news
- Northern Minerals boosts Dazzler rare earths resource estimate more than 50%
2020-04-07 - Northern Minerals secures $2.5 million in funding via convertible note
2020-03-02 - Northern Minerals wants new pricing model for dysprosium to support demand from the US military
2020-02-25 - Northern Minerals welcomes reversal of decision on R&D tax claims
2020-02-25 - Northern Minerals receives further $200,000 in subscription funds as part of $30 million placement
2020-01-14
