NioCorp reports assay results from drill hole of Elk Creek drilling program

NioCorp (NB) Developments reported assay results from the second diamond drill hole completed as part of the Company’s drilling program at its critical minerals project in Southeast Nebraska. The second drill hole was completed to a total depth of 928.42 meters with a total drill hole length within the carbonatite of 733.42 m and intersected the targeted lithologies over its entire length. Extended intervals of mineralization were observed throughout the entire length of the drill hole, returning several long intervals that are consistent with the existing Mineral Resource model for the Elk Creek deposit. “Results from this second drill hole are consistent with our current geological model and provide additional confirmation of the continuity and grade distribution within the deposit,” said Mark Smith, CEO. “Several intervals returned higher-than-expected assay grades. While we do not draw conclusions from individual drill holes, the overall results to date are encouraging. All work is being conducted in accordance with the highest technical standards and in compliance with the Securities and Exchange Commission’s S-K 1300 and Canada’s NI 43-101 reporting requirements. These results reflect that level of rigor and further support our understanding of the deposit.”