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Group Ten Metals Inc.
Summary
| Project: | Stillwater West | |
|---|---|---|
| Deposit: | Iron Mountain | |
| Location: | United States | |
| Commodities: | Platinum-Palladium-Gold-Nickel-Copper-Cobalt | |
| Date: | 5/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2019: Group Ten Metals Inc. announces an Exploration/Drilling Update report for its Iron Mountain deposit at the Stillwater West project. Drilling results incl. 226m @ 0.06g/t Pt, 0.12g/t Pd, 0.03g/t Au, 0.12% Ni, 0.04% Cu, 0.013% Co from 121.9m. Mich | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Ostenson (Internal) | |
| ABSTRACT: | Michael Rowley, President and CEO, commented, "The Iron Mountain target includes some of the most compelling examples to date of the potential we see across the 25-kilometer-long Stillwater West Project, with multiple long intervals of nickel and copper sulphide mineralization including thick intercepts enriched in platinum, palladium, cobalt, gold, and rhodium. Drill data compiled and modeled by Group Ten report 33 intervals with over 50 gram-meter Total Platinum Equivalent (TotPtEq) grade-thickness, and 13 with over 100 gram-meter TotPtEq, in the Iron Mountain target area, with many holes beginning and ending in mineralization. “Shallow, more recent drill holes show grades comparable to deposits at Platreef over significant widths, including multi-gram per tonne platinum, palladium, and gold, along with nickel, copper and cobalt values, starting at surface. Deeper drilling from the 1970s demonstrates wide intervals of nickel and copper sulphide mineralization with associated PGEs that were previously only selectively sampled. Taken together, the drilling and surface sampling at the Iron Mountain target area demonstrate the presence of Platreef-style grade with potential bulk tonnage scale at Stillwater West. Drill-defined mineralization at the HGR and Central targets is open for expansion in all directions, including to the east towards a geophysical conductor that has never been drill tested, and to the west following the magmatic layers of the Stillwater Complex. | |
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