NioCorp Developments Provides Drilling Update

NioCorp Developments Ltd. (TSXV:NB,OTCQX:NIOBF) announced that it expects to begin its drilling program early this month. The first three phases of the drilling program will consist of roughly 4,200 metres of core drilling, totalling 12,000 metres for all three phases if required to fulfill desired outcomes.

As quoted in the press release:

On June 2nd, a second drill rig completed mobilization to the project site, and is expected to commence drilling operations on June 3rd. The first drill rig has been on site for two weeks, and as of June 1st has completed approximately 560 meters of core drilling. The core will be assayed for resource enhancement, and will also be utilized for geotechnical, geochemical, and metallurgical studies. The boreholes will be further utilized for geotechnical and hydrologic test work once core extraction is complete. Drilling with both rigs will continue on a 24 hour schedule until completion of phase one, with phase two drilling commencing immediately thereafter.

NioCorp CEO, Mark Smith, said:

I am pleased with the pace of the initial drilling activities on the project. We have a very capable and experienced team working on the project, and I look forward to seeing results from our efforts in the near future.

Click here to read the NioCorp Developments Ltd. (TSXV:NB) press release