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Platina Resources Ltd.
Summary
| Project: | Owendale | |
|---|---|---|
| Deposit: | Owendale North | |
| Location: | Australia | |
| Commodities: | Scandium-Platinum-Nickel-Cobalt | |
| Date: | 6/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-6-2017: Platina Resources Ltd. announces an Exploration/Drilling Update report for its Owendale North deposit at the Owendale project. Drilling results incl. 26m @ 941ppb Pt, 470ppm Sc, 0.16% Ni, 0.06% Co from 1.0m. 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 confirm receipt of the final six batches of outstanding assay results from the recent drilling program at its Owendale Scandium, Cobalt, Nickel and Platinum project in central New South Wales, Australia. Overall, the 2017 Owendale drilling program has defined some of the thickest and highest grade scandium intersections ever encountered by the Company. The drilling results now confirm Owendale as a robust near-surface, high-grade scandium Mineral Resource containing exceptional high grade credits of both cobalt and platinum. The latest drill results include some infill drilling at Owendale North, limited testing of the resource mineralisation margins at Cincinnati, extension testing at Box Cowal and further sterilisation drilling at Cincinnati North (refer Figure 1). Infill and step-out drilling at Owendale North has continued to result in thick intersections of high grade scandium and associated cobalt (refer Figures 2 to 3). Drilling at Cincinnati has mostly concentrated on sterilisation but some extension drilling has intersected additional high grade scandium outside the current Mineral Resource (refer Figures 4 to 5). Platina Managing Director Rob Mosig said, “These final drilling analyses confirm the extensive new higher grade intersections of scandium which we have now identified. Additionally, we have some compelling new high grade cobalt and platinum occurrences which will be followed up. New Mineral Resource Estimates will also be carried out in the September 2017 quarter.” | |
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