Frazer and Fraser North Prospect drill programmes resulted in the identification of a lead and zinc geochemical anomaly, with a maximum 6 metre interval of 1380ppm Zn and 805ppm Pb
Drilling is planned to test a magnetic geophysical target in the Fraser North area close to where surface copper-cobalt-nickel-zinc gossans were located
DeMonchaux Creek gold prospect rock chip assays confirm high grade Gold values to 21.8g/t Au
Geophysical modelling of the Ooratippra gravity programme completed in 2010 has identified two targets for infill gravity work
Following recent Rare Earth discoveries within the same geological region, the Company is undertaking historical data research and a review of the drilling database compiled by the Company to identify any potential Rare Earth targets that may be present on the tenements
Phosphate targeting - The Company is currently examining the opportunities for tenements targeting phosphate in the Northern Territory. Further information will be provided once tenure is confirmed
The part I like most is The Ooratippra Project hosts a high gravity and co-incident magnetic anomoly which is one of the largest untested gravity anomolies in Australia in order of 35km by 15km.
They are testing to confirm whether there is a shallow drill target that resembles that of the Olympic Dam anomaly.
Oh and the MC is only around $5 million :)
NTR Price at posting:
16.4¢ Sentiment: Buy Disclosure: Held
