Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Future Metals NL
Project name: Panton
Location: Australia
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 39.48m @ 0.37g/t Pd, 0.35g/t Pt, 0.09g/t Au, 0.17% Ni, 0.03% Cu, 143ppm Co from 37.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Future Metals NL (“Future Metals” or the “Company”, ASX|AIM: FME), a platinum group metals (“PGM”) focused company, is pleased to report further shallow, wide PGM assay results from the resource definition drilling undertaken at its 100% owned Panton PGM Project (“Panton”) in northern Western Australia. A total of 19 resource definition holes were drilled as part of the Company’s approximate 6,000m diamond core drilling programme. Additionally, the Company sampled core from 33 historical diamond drill holes to support the modelling of an updated MRE based on the bulk tonnage mineralisation at Panton. Assay results for a further two of the 19 resource definition holes drilled (PS398, PS400) have now been received and continue to confirm much broader widths of shallow PGM mineralisation than modelled in the current 2.4Moz MRE (refer to Appendix One). Assays are pending for a further 47 drill holes being 14 resource definition holes drilled by the Company and the 33 historical drill holes. Assay results from these two latest holes are set out in Table One below
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