Arafura discovers major new mineralised zone

09 April 2008 | 04:00 Code : 17052 Geoscience events
visits:528
Arafura Resources has discovered a major new mineralised zone at its Nolans rare...

  Arafura Resources has discovered a major new mineralised zone at its Nolans rare earths project, located near Aileron in the Northern Territory.Arafura said the new mineralised zone had been discovered as a result of its 20,000m reverse circulation drilling program, commenced in September 2007. The company reported that resource definition drilling had intersected strong phosphate-rare earth's mineralisation approximately 400m south of its proposed initial mining area. The new mineralised zone has characteristics and a geophysical signature similar to rare earths mineralisation found elsewhere in the Nolans resource and has the potential to increase the resource base of the project.Arafura Managing Director, Alistair Stephens said: “The Nolans project continues to deliver positive results and these new intercepts may provide us with further opportunities to expand our resource.” “The new mineralised zone is a ‘blind’ discovery, concealed by a relatively thin layer of soil,” Mr Stephens said. “The implication is that it opens up exploration areas covered by similar material to exploration and possible discovery of additional mineralisation. “The Nolans deposit still remains open at depth and laterally and contains zones of very high-grade mineralisation,” he said.

tags: etc


Your Comment :