Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Group Ten Metals Inc.
Project name: Stillwater West
Location: United States
Commodities: Gold,Palladium,Platinum,Rhodium,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 13.2m @ 0.25g/t Pt, 0.43g/t Pd, 0.82g/t Au, 0.015g/t Rh, 2.31% Ni, 0.35% Cu, 0.115% Co from 37.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: May 3, 2022 – Vancouver, BC – Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) today reports wide, high-grade intervals of nickel sulphide with palladium, platinum, rhodium, cobalt, copper and gold in a third tranche of drill results from the 14-hole resource expansion campaign completed at the Company’s flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana, USA. Results continue to support the Company’s priority objective of expanding the October 2021 inaugural mineral resource estimates with multiple wide and highly mineralized intervals returned in step-out drilling in the DRHybrid deposit area at Chrome Mountain (see Table 1 and Figure 1). Drilling in 2021 focused on resource expansion in three of the five deposit areas delineated by the 2021 estimates. Similar wide and well-mineralized intervals have now been reported from all three deposit areas as announced December 20, 2021, and March 7, 2022. Mineralization remains open to expansion along trend and at depth in all five deposit areas, that are in the 12-kilometer-long resource area within the broader 32-kilometer-long land package in the lower Stillwater Igneous Complex (see Figure 2). The results from CM2021-05 represent an important new discovery with the same distinctive signature of high-grade nickel sulphide, platinum group metals and gold as encountered in CM2020-04, which returned 8.5 meters of 1.74% NiEq (or 4.65 g/t PdEq) within a broad mineralized package located approximately 125 meters to the west. This zone remains open to further expansion with additional drilling.
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