Future Metals (ASX:FME) has reported ‘high grade’ results from five of eight metallurgical drill holes at its Panton PGM Project in Western Australia.
The company says that results have displayed ‘considerably higher’ PGM grades and widths compared to data from historical drilling and resource modelling. Key assays include:
- Hole PS388: 20.8m @ 5.34g/t PGM (2E+Au) from 89.3m
- including 10.1m @ 9.00g/t PGM (2E+Au) from 92.5m
- Hole PS384: 14.8m @ 3.88g/t PGM (2E+Au) from 38.4m
- including 7.8m @ 6.46g/t PGM (2E+Au) from 39.4m
- Hole PS389: 11m @ 3.94g/t PGM (2E+Au) from 100m
- including 4.35m @ 5.72g/t PGM (2E+Au) from 103m
- Hole PS382: 8m @ 1.98g/t PGM (2E+Au) from 25m
- including 2m @ 4.86g/t PGM (2E +Au) from 25.5m
Commenting on the results, Future Metals director Justin Tremain said: “These initial results from Panton continue to demonstrate the potential of the project with exceptional grades including several plus 10g/t PGM samples. When compared to past drilling, these results exceed expectations and also confirm the potential for shallow mineralisation over broader widths which has not previously been modelled in the current 2.4Moz JORC Mineral Resource Estimate. With several holes still to be assayed, and drilling ongoing with weekly sample dispatches, we look forward to reporting further results in the coming weeks.”
“When compared to past drilling, these results exceed expectations and also confirm the potential for shallow mineralisation over broader widths which has not previously been modelled”
The 10,000m diamond core drilling program, which commenced in August 2021, is tasked with providing samples for metallurgical test work along with testing continuity + depth and strike extensions of the mineral resource and parallel zones of ‘highly anomalous’ PGM soil geochemistry. To date, 4,550m of drilling has been completed across 21 holes.
Future Metals reports that plans are underway for drilling at the project’s under-explored Northern Anomaly, which holds potential for higher-volume, lower-grade PGM mineralisation.
Images: Future Metals NL
