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Sphinx Resources Ltd.
Summary
| Project: | Green Palladium | |
|---|---|---|
| Deposit: | Green Palladium | |
| Location: | Canada | |
| Commodities: | Palladium-Platinum-Gold-Copper-Nickel | |
| Date: | 8/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2017: Sphinx Resources Ltd. announces an Exploration/Drilling Update report for its Green Palladium deposit at the Green Palladium project. Drilling results incl. 7.93m @ 0.29g/t Pd, 0.03g/t Pt, 0.03g/t Au, 0.45% Cu, 0.07% Ni from 66.2m. Montréal, Au | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Normand Champigny (Internal) | |
| ABSTRACT: | Montréal, August 29, 2017 - Sphinx Resources Ltd. (“Sphinx” or the “Corporation”) (TSX-V: SFX) announces assay results from its spring drilling campaign on its 100% owned Green Palladium project (“GPd”), located in the Pontiac MRC in southwestern Quebec. Results from nine (9) of ten (10) drill holes support palladium-platinum mineralization (collectively “PGE”) with associated gold and copper mineralization. This mineralization is hosted within, or proximal to, a distinct meta-pyroxenite layer (marker horizon) within the Obwondiag layered igneous complex that intrudes sulphide-bearing dolomitic marbles and meta-volcanic rocks. Table 1 summarizes results and attached Table 2 lists all drill hole information and assayed intervals. A new volcanogenic massive sulphide horizon located within the metavolcanic sequences has been identified to the north of the Obwondiag complex. This horizon is located on a favorable felsic mafic contact that correlates with the mine horizon at the New Calumet Mine (produced 3.8 million tons of ore grading 5.8% Zn, 1.6% Pb, 65 g/t Ag and 0.4 g/t Au from 1943 to 1968) located 3 km west. An initial 160 sample soil program is underway to test the prospectivity of this horizon. Sphinx’s corporate objective for the region is to acquire a strong land position based on quality targets and to seek partnerships to rapidly advance projects by drilling. | |
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