Northern Minerals (ASX:NTU) Reports Results of Dazzler EIS Drill Program
Drilling Program Completion
Northern Minerals (ASX:NTU) has successfully completed a five-hole diamond drilling program at the Dazzler Heavy Rare Earth Element (HREE) deposit, co-funded through the Exploration Incentive Scheme (EIS). The program totaled 1,346 metres and aimed to enhance geological understanding and expand the existing mineral resource.
Geological Discoveries
The drilling intersected multiple styles of hydrothermal xenotime–florencite mineralisation and identified a new volcanic unit within the Browns Range Metamorphics (BRM) sequence. This discovery suggests the BRM is an evolving volcanic arc, influencing petro-tectonic models and mineral prospectivity. The lithological contact between andesitic and metasedimentary units has defined a new HREE target characterised by faulting, intense alteration, and quartz veins.
Resource Model Improvement
An improved litho-structural model developed from the drilling provides increased geological confidence, supporting an update to the Inferred Dazzler Mineral Resource estimate. The model also offers geological context for ongoing exploration along the regional unconformity between the BRM and Gardiner Sandstone.
Executive Comments
Managing Director and CEO Shane Hartwig stated, “This program has significantly enhanced our geological understanding of the Dazzler deposit and its potential extensions. The results support our long-term exploration strategy and demonstrate the prospectivity of the Browns Range region for additional heavy rare earth discoveries.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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