Major Precious Metals Corp. (OTC:SIZYF) has confirmed historical drilling results with results from its 2021 diamond drilling programme at its Skaergaard Project in eastern Greenland.
The 2021 programme at Skaergaard was designed to support and confirm the Mineral Resource Estimate (MRE) contained in the NI 43-101 compliant technical report effective April 15, 2021 which outlined Indicated Resources of 5.5 million Palladium Equivalent Ounces and a further 14.4 million PdEq ounces in the Inferred Resource Category.
Highlights
- Assay results are announced for 11 holes out of 32 holes completed in three areas at Skaergaard in 2021, confirming Pd, Pt and Au results of historical drilling in these areas.
- Results confirm grades and mineralised lengths for Palladium (Pd), Platinum (Pt) and Gold (Au) in the four main mineralised horizons (H0, H3L1, H3 and H5) which comprise the MRE as outlined in the Report
- Precious metal mineralisation is also confirmed in five holes drilled in previously untested areas beneath the glacier
- In addition, results from two holes drilled on the plateau area, located within the northern portion of the licence, showed mineralisation which may support the potential for open pit mining in the local area. Results from two more drill holes in this area are pending.
Chairman and CEO, Tony Williams, said these first results from 11 holes within the sparsely drilled priority areas affirm our earlier hopes to not only confirm and upgrade the existing MRE, but also may expand the MRE which already marks Skaergaard as a precious metals project of global significance.
“We hope to have all remaining assay results completed by mid-May 2022, and will continue with the economic evaluation of Skaergaard with our independent consultants SLR Consulting Ltd (SLR), updating the MRE and moving on to a Preliminary Economic Analysis (PEA) over the coming months.”
Skaergaard Drilling Programme
A 32 – hole diamond drilling channel sampling programme spanning 8,435 metres was completed in October 2021. A total of 11,600 core and channels samples were collected for Pd-Pt-Au testing, as well as assayed for Fe, Ti, V, Ga and other secondary elements which may provide potential credits pending further study.
Drilling has prioritised the northern part of the Skaergaard intrusion beneath the Forbindelses Glacier and two off-glacier areas to the north to determine the open-pit potential. Historically, these priority areas were not drilled at Skaergaard due to logistical challenges.
Drilling Results
Mineralised intercept results from the first 11 holes (out of 32) successfully completed within these priority areas confirm the potential to upgrade confidence and significantly expand the existing MRE for Skaergaard.
Assay results for the first 11 holes confirmed Pd, Pt and Au grades and mineralised widths are comparable to historical drilling in the four main mineralised horizons that define the existing MRE as detailed in the Report.
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