Greenstone Resources Reports Mt Thirsty PGE Mineralisation Hits

THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) reported assay results from recent drilling carried out at the company’s Mt Thirsty Joint Venture (MTJV) (Conico Limited 50%) near Norseman in Western Australia.

Greenstone Resources received assays for the first eight drill holes of the 12 holes drilled to date of the campaign.

The eight holes reported have all intercepted highly anomalous palladium-platinum-gold-copper-nickel (PGE) mineralisation.

The company explained the current Phase I drill campaign is testing for extensions to the recent palladium-platinum-gold-copper-nickel (PGE) discovery of Galileo Mining (ASX: GAL) that sits less than 200 metres from the MTJV’s northern tenement boundary.

Results include:

MTRC003D
27 metres at 0.33g/t palladium + platinum + gold (3E) , 0.12 per cent nickel and 0.05 per cent copper from 198m;

MTDD001D
18m at 0.29g/t 3E, 0.11 per cent nickel and 0.05 per cent copper from 182m; and

MTRC009D
10.2m at 0.23g/t 3E, 0.09 per cent nickel and 0.01 per cent copper from 199m.

“The historical focus of Mt Thirsty has primarily focussed on the near surface oxide Resources, with the more recent PGE exploration occurring in largely untested geological horizons,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Over the past weeks our geological understanding of the potential controls on mineralisation has evolved rapidly and we continue to dynamically adjust our exploration model to reflect this.

“We are reassured to have received highly anomalous PGE mineralisation in all holes completed to date, and more importantly the two recent most holes, MTRC0011AD and MTRC005D, have intersected significantly thicker sedimentary packages, which are interpreted to be a key control on mineralisation.

“With a further seven holes planned as part of the aggressive Phase I drill campaign, we look forward to testing the majority of the prospective strike horizon at Mt Thirsty over the next four weeks.

“Following the completion of the PGE drill campaign the multipurpose drill rig will then move to the western margin to test the recently identified lithium potential where eight pegmatite outcrops have been mapped over a 1,000-metre strike horizon.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.greenstoneresources.com.au