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URU Metals Ltd.
Summary
| Project: | Zebediela | |
|---|---|---|
| Deposit: | Zebediela | |
| Location: | South Africa | |
| Commodities: | Nickel-PGM-Gold | |
| Date: | 3/16/2018 | |
| Report Code: | (other Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2018: URU Metals Ltd. announces an Exploration/Drilling Update report for its Zebediela deposit at the Zebediela project. Drilling results incl. 10m @ 0.18% Cu, 0.52% Ni, 2.39g/t 3PGE+Au from 55.0m. URU Metals is pleased to announce the assay results | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Montjoie (Internal) | |
| ABSTRACT: | URU Metals is pleased to announce the assay results from the successful additional three-hole drilling programme that targeted platinum group element (PGE) nickel copper (PGE-Ni-Cu) mineralisation on the Company's Zebediela Project, located on the largest known PGE repository in the world, the Bushveld Complex, Limpopo Province, South Africa. In addition to the three holes concluded in Q3 2017 which discovered PGE mineralisation, a further three inclined holes (Z020, Z021 and Z022) were completed in December 2017 with the aim of intersecting further PGE mineralisation and to further understand the geology and geometry of the body hosting the PGE mineralisation.All three additional holes intersected PGE-Ni-Cu mineralisation. The company is pleased to highlight the relatively high base metal content along with significant PGE grades in the intersections at shallow depths. Due to the high Ni values, the basket price in drill intersections for Zebediela is higher than that at Anglo American Platinum's Mogalakwena Mine, the world's largest open pit platinum mine. The basket price of the drill intersections also compares favourably with that of other major platinum projects and mine reserves on the Bushveld Complex, South Africa. The Company believe that the shallow depths of the intersections will translate into a lower mining cost. | |
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