Drilling commences on Nolans project
The most comprehensive drilling program ever undertaken at Arafura Resources’ Nolans rare earths-phosphate-uranium deposit in the Northern Territory has now commenced.The Nolans deposit, located approximately 135km north-northwest of Alice Springs, is considered to contain sufficient resources to sustain a mining operation in excess of 20 years.According to Arafura, the current program will comprise approximately 10,000m of reverse circulation percussion drilling, of which approximately 55 percent is designated for a second phase of systematic infill drilling in the central portion of the project’s North Zone. Arafura said the aim of the drilling program was upgrading the resources in the initial mining area to Measured Resource status to a depth of 100m below the surface. The company said resource definition drilling, targeting both the North and South zones of the deposit, would also be completed during the current program, accounting for most of the residual drilling metreage. The company said the purpose of this drilling was to improve the reliability of the resource definition. Following analysis of the results of the current drill program, Arafura said it anticipates releasing a revised statement of identified resources for Nolans in early 2008.