Announcement Date: 2022-08-18
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. 18m @ 0.75g/t Pt, 0.73g/t Pd, 0.04g/t Au from 168m
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 new intercepts for 17 holes returned from Stage 10 drilling confirm the continuity of the Parks Reef mineralisation along the full 15 km of the orebody’s strike length, supporting the successful delivery of the Parks Reef Exploration Target (70 to 75Mt at grade of 1.2 to 1.6g/t 3E PGM for 2.7Moz to 3.8Moz 3E PGM) 1,2 in addition to the existing resource. Stage 10 drilling (targeting 51 new holes and extensions to 2 previously drilled holes – 53 holes in total) was completed on 8 July 2022. This announcement covers the 3E PGM assay results for 17 RC holes (Appendix C). In total 34 holes have now had full assay results returned and an additional 7 holes have partial assays returned (see also ASX announcements on 9 June 2022, 29 June 2022, 15 July 2022, 22 July 2022 and 29 July 2022). All 3E PGM results from Stage 10 are expected by early September 2022. All drill holes achieved intersections of the reef, underscoring the reef’s significant continuity and consistency over its full 15km strike length. For the results received from the Stage 10 programme so far, assay results have been in line with projected orebody widths, with a significant portion on the upper side of grade expectation.
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