Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release further 2018 drill results from Iron Mountain, located on the east side of its Stillwater West project in Montana.
"The Iron Mountain target includes some of the most compelling examples to date of the potential we see across the 25 kilometer long Stillwater West project, with multiple long intervals of nickel and copper sulphide mineralization, including thick intercepts enriched in platinum, palladium, cobalt, gold and rhodium," President and CEO Michael Rowley said in the release.
At HGR, Iron Mountain's most advanced target, shallow drilling demonstrated 8 meters (8m) of 3.65 grams per ton (3.65 g/t) platinum, palladium and gold, plus 0.16% combined nickel and copper and 0.013% cobalt, beginning at surface. This equates to a 4.46 g/t total platinum equivalent or a 1.08% total nickel equivalent, the company noted.
Deeper drilling intersected 259.1m grading 0.25% nickel and 0.2% copper—for a 0.35% total nickel equivalent or a 1.44 g/t total platinum equivalent—starting at a 15.2m depth and ending in mineralization. This included 26.8m of 0.98% nickel and 0.45% copper for a 1.21% total nickel equivalent or a 4.96 g/t total platinum equivalent.
On resampling of historical HGR core, palladium values derived from significant nickel-copper sulphide mineralization intercepts were as much as 2.7 g/t, according to the release.
High-grade results at HGR were also revealed through 2018 and historical rock sampling. Seventeen samples demonstrated 27.8 g/t platinum, 62.2 g/t palladium and 5.78 g/t rhodium.
At Iron Mountain, Group Ten identified 33 intervals with more than 50 gram meters total platinum equivalent grade thickness and 13 with more than 100. The company noted that numerous holes began and ended in mineralization. Iron Mountain is a priority for follow-up work in 2019.
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