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Podium Minerals Ltd.
Summary
| Project: | WRC | |
|---|---|---|
| Deposit: | Parks Reef | |
| Location: | Australia | |
| Commodities: | Gold-Platinum-Palladium-Copper-Nickel | |
| Date: | 6/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2018: Podium Minerals Ltd. announces an Exploration/Drilling Update report for its Parks Reef deposit at the WRC project. Drilling results incl. 19m @ 0.85g/t Pd, 1.09g/t Pt, 0.11g/t Au, 0.07% Cu, 0.18% Ni, 0.03% Co. Podium Minerals Limited (‘Podium’ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Cook (Internal) | |
| ABSTRACT: | Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce that base metal analysis of samples from its maiden drilling campaign has identified the polymetallic potential of Parks Reef. Podium’s maiden drilling program included a total of 3,018m RC drilling along approximately 2.2km at the western end of the identified 15km strike length of Parks Reef. Platinum group metal (PGM) assay results have previously been reported in ASX announcements released 13 April 2018, 27 April 2018 and 17 May 2018 which identified thick PGM mineralisation along the drilled strike. Samples from drill holes on line 19W and 20W (refer Figures 3 and 4) have now been reassayed for selected base metals and other elements including copper, nickel and cobalt. The main PGM horizon is also shown to include minor amounts of rhodium and base metals with copper and gold from the hanging wall horizon extending into the upper layer of the PGM horizon. Podium is currently undertaking bench scale metallurgical testwork and resource estimation work for the PGM horizon. Podium now additionally plans to complete further base metal assays and analysis with an objective of extending the resource to include the hanging wall horizon. | |
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