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Platina Resources Ltd.
Summary
| Project: | Owendale | |
|---|---|---|
| Deposit: | Owendale North | |
| Location: | Australia | |
| Commodities: | Scandium-Platinum-Nickel-Cobalt | |
| Date: | 6/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-6-2017: Platina Resources Ltd. announces an Exploration/Drilling Update report for its Owendale North deposit at the Owendale project. Drilling results incl. 16m @ 1584ppb Pt, 675ppm Sc, 0.25% Ni, 0.14% Co from 7m. Platina Resources Limited (ASX: PGM) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Horton (ResEval Pty Ltd.) | |
| ABSTRACT: | Platina Resources Limited (ASX: PGM) is pleased to advise receipt of additional assay results from the recent drilling program at its Owendale Scandium, Cobalt, Nickel and Platinum project in central New South Wales, Australia. The latest drill results include some infill and some step-out drilling from the higher grade scandium and cobalt zone at Owendale North as well as sterilisation and wider follow-up drilling to the immediate south. Platina Managing Director Rob Mosig said, “The grade of scandium intersections is truly exciting. Cobalt mineralisation is also now defined over a wide area with some exceptionally high grades reported in the current results. The consistency of the grade and thickness through the central Owendale North deposit is encouraging and highlights the key area for our Feasibility Study.” Infill and step-out drilling at Owendale North has continued to result in thick intersections of high grade scandium and associated cobalt. This now defines a consistent high grade scandium zone that was previously only defined at the margins by earlier drilling. | |
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