Announcement Date: 2022-07-27
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. 19m @ 0.28g/t Pd, 0.18g/t Pt, 0.052g/t Au, 0.49% Ni, 0.28% Cu, 219ppm Co from 88m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Future Metals NL (“Future Metals” or the “Company”, ASX | AIM: FME), is pleased to announce it has identified multiple exploration targets prospective for sulphide accumulations at its 100% owned Panton PGM Project (“Panton” or the “Project”)). These targets have been identified from a geological prospectivity review where significant sulphide-rich (PGM, Cu, Au, Ni, Co) intercepts and electromagnetic conductors have been identified, supported by intrusion-scale geological analysis. Additionally, the Company is pleased to report shallow, wide PGM & base metals assay results from the exploration drill holes at the ‘Northern Anomaly’. The Northern Anomaly sits within the ‘Lower Zone’ towards the basal contact of the Panton intrusion and further validates the prospectivity of the untested basal contact. Assay results have been received from four holes recently drilled into the Lower Zone. The Company has identified three exploration concepts it will focus on moving forward: the Keel Zone, the Basal Contact Zone, and the Southern Conductors. The Keel Zone coincides with the interpreted syncline axis in the Lower Zone. Such positions are commonly associated with more prospective positions in other mafic-ultramafic intrusions, because of proximity to a likely feeder position. The Basal Contact Zone is the relatively thick lowermost section of the ultramafic section of the Panton layered intrusion and encompasses what both Platinum Australia Limited
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