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URU Metals Ltd.
Summary
| Project: | Zebediela | |
|---|---|---|
| Deposit: | Zebediela | |
| Location: | South Africa | |
| Commodities: | Nickel-PGM-Gold | |
| Date: | 9/14/2017 | |
| Report Code: | (other Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2017: URU Metals Ltd. announces an Exploration/Drilling Update report for its Zebediela deposit at the Zebediela project. JV- Drilling results incl. 3m @ 1.97g/t Au+Pt+Pd+Rh from 133m. URU Metals is pleased to announce two significant intersections o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Montjoie (Internal) | |
| ABSTRACT: | URU Metals is pleased to announce two significant intersections of platinum group elements (PGE) in diamond drill hole Z019 on the Zebediela Project, located in Limpopo, South Africa. The first intersection returned a combined average grade of 1.97 g/t for platinum (Pt), palladium (Pd), rhodium (Rh) and gold (Au) (3 PGE & Au) over 9 m from a depth of 133 m (see Table 1 for further detail). A second intersection returned a combined average grade of 1.6 g/t 3 PGE & Au over 1.8 m from a depth of 169 m (see Table 2 for further detail). A total of three drill holes (Z017, Z018 and Z019) have now been completed in the current drill programme at Zebediela. Nickel and copper assays remain outstanding for all three holes, and the first of these, together with the results of the metallurgical testwork from the first drill hole Z017, are expected to be received shortly and all outstanding assay results will be reported thereafter. John Zorbas, CEO of URU Metals, commented: "We are delighted in that this drill hole returned two significant PGE intersections. While this drill programme was expected to focus on collecting samples of the nickel and magnetite mineralisation for metallurgical testing, the discovery of PGE mineralisation is not completely unexpected as the Project is located in a major PGE producing area.” | |
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