NIP 0.00% 38.5¢ niplats australia limited

ann. new vanadium zone confirmed in wa

  1. s8
    7,757 Posts.
    Up over 14% to 48c

    New Vanadium Zone confirmed in the Hart Dolerite
    northern Western Australia

    ANNOUNCEMENT 23 October 2007

    HIGHLIGHTS

    Initial assays from RC drilling confirm the discovery of a vanadium
    (V2O5) mineralised zone in the Hart Dolerite intrusion, Kimberley region
    of northern Western Australia.

    Mineralised zone is 3.5km long and up to 1.6km wide in an outcropping
    flat lying vanadiferous titanomagnetite bearing gabbro layer.

    The assays report a maximum 52m interval of 0.29% V2O5 containing a
    higher grade layer at the base.

    These holes will now be assayed for PGE+Au potential.
 
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