Encounter Resources (ASX:ENR) said reverse circulation drilling assay results at its Aileron project in Western Australia defined two strike and depth extensive zones of continuous high-grade niobium mineralization, according to a Wednesday Australian bourse filing.
The results include intercepts of 30 meters at 2% grade of niobium pentoxide from 49 meters, part of 107 meters at 1.1% grade of niobium pentoxide, as well as 22 meters at 3.3% niobium pentoxide from 40 meters, part of 41 meters at 2.2% niobium pentoxide.
Sufficient high-grade mineralization was discovered to support accelerating resource definition drilling, metallurgy, and mining studies at the Green, Crean, and Emily prospects at the project, Will Robinson, the firm's executive chairman said.
The firm's shares closed down by 5% Wednesday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。