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Podium Minerals Ltd.
Summary
| Project: | WRC | |
|---|---|---|
| Deposit: | Parks Reef | |
| Location: | Australia | |
| Commodities: | Gold-Platinum-Palladium-Copper-Nickel | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2019: Podium Minerals Ltd. announces an Exploration/Drilling Update report for its Parks Reef deposit at the WRC project. Drilling results incl. 14m @ 1.81g/t Pt, 1.06g/t Pd, 0.05g/t Au from 20m. Podium Minerals Limited (‘Podium’ or the ‘Company’) i | |
| Resources: | (Resource, Inf.): 4.7Mt @ 0.25g/t 3E PGM, 0.24% Cu, 0.10% Ni | |
| CP/QP: | [Overall Report]: Doug Cook (Internal) | |
| ABSTRACT: | Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to report the first platinum group metal (PGM) and gold results from its Q4-2019 drilling programme at Parks Reef. The drilling programme builds on previous work by Podium which has defined Inferred Mineral Resource containing 740,000 ounces of combined platinum, palladium and gold plus base metal credits in two separate resource blocks over a total of 4.5km of the identified 15km mineralised strike length and within 100m of surface. Podium has successfully completed 30 drill holes for 2,800m of reverse circulation (RC) drilling in its Q4-2019 drilling programme as announced 22 October 2019. The programme has included 25 drill holes of targeted resource and step-out drilling to increase both the Parks Reef mineral resources and confidence in the continuity of mineralisation along strike. An additional 5 exploration drill holes have been completed targeting potential parallel reef structures in the mafic portion of the intrusion. Platinum, palladium and gold assays received for the first 15 drill holes demonstrate that the resource drilling has consistently intersected significant mineralisation extending from near surface in the main PGM horizon. These holes extend over approximately 1.4km with thick intercepts and substantial grades recorded in 14 out of the 15 drill holes. | |
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