Podium Minerals Drills High-Grade Central Ore Zone Results
THE DRILL SERGEANT: Podium Minerals (ASX: POD) released new results from drilling at the company’s Parks Reef 5E PGM project in Western Australia.
Podium Minerals reported the intercepts that were returned from six of nine holes drilled into the Central Ore Zone of Parks Reef orebody.
Highlights include:
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16 metres at 2.51 grams per tonne 3E platinum group metals (PGM) (1.69g/t platinum (Pt), 0.8g/t palladium (Pd) and 0.01g/t gold (Au)) from 76m, including 2m at 11.48g/t 3E PGM (8.52g/t Pt, 2.94g/t Pd and 0.03g/t Au) from 88m; and
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4m at 2.19g/t 3E PGM (1.57g/t Pt, 0.62g/t Pd and 0.01g/t Au) from 42m, including 2m at 2.87g/t 3E PGM (2.08g/t Pt, 0.78g/t Pd and 0.01g/t Au) from 42m.
“The Central Ore Zone was previously identified to potentially contain higher grade than the surrounding resource, so it is pleasing to see the geological model supported with these results,” Podium Minerals managing director and CEO Sam Rodda said in the company’s ASX announcement.
“More importantly, if the remaining three holes due in early September continue to confirm the consistent ore grade, it will provide significant data for our ongoing assessment and planning for an initial mining approach.
“The ability to target high-grade zones in the early years of mining will benefit any economic assessment of the project significantly.
“Therefore, the company has been focused on defining these higher-grade zones along the 15 kilometres strike.
“With multiple high-grade zones now identified, our experienced project development team will incorporate these results into the ongoing conceptual mine design work and hydrometallurgy test work that is underway.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE