Announcement Date: 2022-06-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Podium Minerals Ltd.
Project name: Parks Reef
Location: Australia
Commodities: Gold,Palladium,Platinum
Highlight: Drilling results incl. 13m @ 1.15g/t Pt, 0.77g/t Pd, 0.02g/t Au from 207m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Podium Minerals Limited (ASX: POD, ‘Podium’ or ‘the Company’) is pleased to announce further assay results from two reverse circulation (RC) holes completed as part of the Stage 10 exploration drilling programme. Analysis of the intercepts continue to support expansion of the Parks Reef Exploration Target (70 to 75Mt at grade of 1.2 to 1.6g/t 3E PGM) 1 . Ongoing Stage 10 drilling (targeting a total of 50 holes) is expected to reach completion in early July. New 3E PGM assay results have been received for 2 of the 35 completed RC holes drilled to date (see Figure 1 and Appendix 1) that achieved full reef intercepts and brings total holes assayed to 6 (see announcement 9 June 2022). One hole exceeded expectations and the second is within the anticipated range. The Stage 10 Programme is aimed at proving the enlarged Exploration Target of 70Mt to 75Mt at 1.2 g/t to 1.6 g/t 3E PGM for 2.7Moz to 3.8Moz 3E PGM4 (this is additional to the 2.8Moz 3E PGM Inferred Mineral Resource Estimate (MRE) reported to the ASX on 10 February 2022). To date, samples from the 35 RC holes have been transported to Perth for initial 3E PGM analysis. In addition to these holes, 15 holes stopped short of planned reef intercepts due to swelling clays and fibrous veins and are being extended with diamond core tails to achieve full reef
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