Announcement Date: 2022-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Southern Palladium Ltd.
Project name: Bengwenyama
Location: South Africa
Commodities: Gold,Iridium,Osmium,Palladium,Platinum,Rhodium,Ruthenium,Copper,Nickel,Chromium
Highlight: Drilling results incl. 1.05m at 3.80g/t Pt, 3.57g/t Pd, 0.88g/t Rh, 0.32g/t Ir, 0.14g/t Os, 1.43g/t Ru, 0.08g/t Au, 0.15% Ni, 0.03% Cu, 29.56% Cr, from 31.25m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Southern Palladium (ASX:SPD and JSE:SDL), ‘Southern Palladium’ or ‘the Company’) is pleased to release an update on the UG2 reef grades and additional reef intersections on the Bengwenyama Platinum Group Metal (PGM) project located on the Eastern Limb of the world class Bushveld Complex, South Africa. The 6 PGE’s – namely, Platinum, Palladium, Rhodium, Iridium, Ruthenium and Osmium; plus Gold, Nickel, Copper and Chromitite are all payable metals that will be delivered in the concentrates at the Bengwenyama Project. In total, 18 drillholes have been completed during the 2022 field season. Of these the UG2 Reef has been encountered in 16 holes with a further three shallow holes showing high levels of weathering. Five confirmed intersections of the shallower Merensky Reef have also been obtained, in line with expectations. A full suite of assays for five UG2 reef intersections have been received and are reported below. A further five drillhole samples have been submitted to the laboratory with results expected in January 2023. Seven additional reef intercepts are currently being logged and cut and will be submitted to the laboratory shortly. Those results are expected in February 2023 and drilling will recommence in mid-January 2023.
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