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Podium Minerals Ltd.
Summary
| Project: | WRC | |
|---|---|---|
| Deposit: | Parks Reef | |
| Location: | Australia | |
| Commodities: | Gold-Platinum-Palladium | |
| Date: | 4/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-4-2018: Podium Minerals Ltd. announces an Exploration/Drilling Update report for its Parks Reef deposit at the WRC project. Drilling results incl. 55m @ 0.74g/t Pt, 0.74g/t Pd, 0.08g/t Au from 71m. 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 the full set of results from the first phase of its maiden drilling program shows continuity of thick platinum group metal (PGM) mineralisation in Parks Reef with observed high grade sublayering within the reef. The first phase of the program comprised 22 holes for 1,386m of RC drilling. The drilling extends over approximately 2.2km at the western end of the identified 15km strike length of Parks Reef with hole depths up to 90m. A complete set of platinum, palladium and gold assays shows thick PGM mineralisation has been intersected in each drill line. In addition, analysis of the stratigraphy within the reef indicates potential for high grade sub-layers with consistent enrichment of platinum and gold being observed in the upper portion (southern side) of the reef. The second phase of the program is currently underway and includes 12 planned holes for approximately 1,700m RC drilling underneath the first phase drilling. This will extend the geological model for Parks Reef to a vertical depth of 100m to 150m below surface which will test the continuity of the mineralisation at depth. Podium now also plans to advance diamond drilling to twin selected RC holes as part of the maiden drilling program. The drill core will provide valuable metallurgical data and support planned resource estimation work | |
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