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Podium Minerals Ltd.
Summary
| Project: | WRC | |
|---|---|---|
| Deposit: | Parks Reef | |
| Location: | Australia | |
| Commodities: | Gold-Platinum-Palladium | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2018: Podium Minerals Ltd. announces an Exploration/Drilling Update report for its Parks Reef deposit at the WRC project. Drilling results incl. 19m @ 0.79g/t Pd, 0.74g/t Pt, 0.2g/t Au from 80m. Podium Minerals Limited (‘Podium’ or the ‘Company’) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Cook (Internal) | |
| ABSTRACT: | Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce that deeper holes for the second phase of its maiden drilling program show continuous and thick platinum group metal (PGM) mineralisation extends and remains open at depth along the entire drilled strike in Parks Reef. The second phase of the maiden drilling program comprised 12 holes for 1,632m of RC drilling. The holes are positioned below the first phase of drilling with a maximum hole depth of 186m. Thick PGM mineralisation was intercepted in each hole with high grade sub-layering above 2g/t 3E PGM and minimum width of 3m observed within the reef. Combined with the first phase of the program, a total of 3,018m RC drilling in 34 holes has been completed along approximately 2.2km at the western end of the identified 15km strike length of Parks Reef. The drill results show the uniform and continuous nature of thick mineralisation along strike, as seen in the first phase drilling results, extends and remains open at depth. In addition, an exceptional high grade sub-layer comprising 3m @ 5.70g/t 3E PGM from 127m was recorded in hole PRRC026. | |
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