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PolyMet Mining Corp.
Summary
| Project: | NorthMet | |
|---|---|---|
| Deposit: | NorthMet | |
| Location: | United States | |
| Commodities: | Copper-Nickel-Platinum-Palladium-Gold-Silver-Cobalt | |
| Date: | 11/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 19-11-2019: PolyMet Mining Corp. announces a Resource Estimation report for its NorthMet deposit at the NorthMet project. Updated resource and reserve plus drill results incl. 89.6m @ 0.43% Cu, 0.12% Ni, 86ppm Co, 371ppb Pd, 82ppb Pt, 43ppb Au, 1.47ppm Ag | |
| Resources: | (Reserve): 290.399Mt @ 0.288% Cu, 0.08% Ni, 75ppb Pl, 264ppb Pa, 39ppb Au, 73.95ppm Co, 1.06ppm Ag | |
| CP/QP: | [Resources]: Zachary Black (Hardrock Mining Consulting LLC) | |
| ABSTRACT: | St. Paul, Minn., November 19, 2019 – Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE American: PLM, today announced updated Mineral Resources and Reserves for the NorthMet deposit based on results of its 2018-19 drilling program. “We are pleased with the improvements the drilling program delivered to our mineral resource, with an additional 177 million pounds of copper, 53 million pounds of nickel and 322,000 ounces of precious metals added to the Proven and Probable Reserve category,” said Jon Cherry, president and CEO. “The drilling program outcomes are indicative of our tremendous NorthMet asset and the progress we continue to make with the project,” Cherry said. “With a fully permitted project, we remain in ongoing discussions with potential lenders about financing while we also continue to identify opportunities to optimize and deliver the project in the most economic way possible.” The results of drilling that commenced in the fourth quarter of 2018 and concluded in 2019 were used to convert material from the Inferred category into the Measured and Indicated Resource classifications. Subsequently, the Reserve was updated under NI 43-101 guidelines. | |
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