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Platina Resources Ltd.
Summary
| Project: | Owendale | |
|---|---|---|
| Deposit: | Owendale North | |
| Location: | Australia | |
| Commodities: | Scandium-Platinum-Nickel-Cobalt | |
| Date: | 5/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-5-2017: Platina Resources Ltd. announces an Exploration/Drilling Update report for its Owendale North deposit at the Owendale project. Drilling results incl. 32m @ 98ppb Pt, 410ppm Sc, 0.1% Ni, 0.06% Co from 3m. Platina Resources Limited (ASX: PGM) is | |
| 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 that it has received the first batch of assay results from recent drilling at its Owendale Scandium, Cobalt, Nickel and Platinum project in central New South Wales, Australia. This batch of drilling results were intended to cover some sterilisation areas and part of a shallow potential starter-pit area, however, scandium and cobalt mineralisation was found to be more extensive than expected. 1 m sample grades range up to 980 ppm Sc, 0.48% Co, 1110 ppb Pt and 0.92% Ni. The drilling has confirmed significant scandium and cobalt mineralisation near surface. In particular, there are some exceptional scandium intercepts in terms of both high grade and thickness and some significant cobalt intercepts with several 1 m sample assays over 0.4% Co. Platina Managing Director Rob Mosig said, “This new Owendale drilling is confirming the robustness and continuity of our deposit. It’s pleasing to receive confirmatory results like these and we look forward to receipt of the additional assay batches over the next 3 to 4 weeks. Whilst scandium is our main focus, the new intersections of cobalt are also very exciting and it is our intention to also deal with the treatment of cobalt in our PFS.” The initial drilling results provided in this announcement are from the southwestern portion of Owendale North prospect area. Upcoming announcements will follow in the coming weeks and will include some further exploration results as well as definition and extension drilling at the main Owendale North prospect. | |
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