Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that 2020 drill results for the Chrome Mountain target at Stillwater West show "the potential for multiple, large-scale, bulk-tonnage 'Platreef-style' horizons of battery metals and platinum group elements (PGEs) within the lower Stillwater complex."
The program's five holes, drilled over 1,822 meters, all intercepted 120–530m-long intervals of continuous nickel and copper sulphide mineralization containing palladium, platinum, gold and cobalt beginning at or near surface. Rhodium, lacking in mine supply outside of South Africa and Russia, was seen in every hole. Further down from surface, all holes hit 50–150m-long higher-grade intervals.
For instance, hole CM2020-04 returned strong mineralization from surface throughout its entire length, 455m of 1.13 g/t total platinum equivalent (Pt eq), or 0.25% total nickel equivalent (Ni eq). Intervals included two 8.5m-long horizons of 8.20 g/t total Pt eq (1.79% total Ni eq) within a broader intercept of 54m of 2.58 g/t total Pt eq (0.57% total Ni eq).
"The high-grade nickel sulphide intercepts in hole CM2020-04 are particularly exciting as they represent very high nickel tenor horizons in a new discovery that is open for expansion," President and CEO Michael Rowley said in the release.
Noteworthy intercepts encountered in hole CM2020-05 were 149m of 1.19 g/t total Pt eq (0.26% total Ni eq), including 11.6m of 2.80 g/t total Pt eq.
Starting at surface, hole CM2020-01 returned 533m of 0.76 g/t total Pt eq (0.17% total Ni eq) for a total Pt eq grade thickness of 405 gram meters. This interval included 130m of 0.96 g/t total Pt eq (0.21% total Ni eq).
Now, Group Ten is incorporating these Chrome Mountain results into three-dimensional block models as it is doing for the previously drilled HGR and Camp targets. The company plans to release a maiden resource estimate for all three areas by the middle of this year.
In other news, next week on March 10, 2021, the Canadian mineral resource explorer will conduct a presentation in a technical session at the Prospectors & Developers Association of Canada International Convention. The topic will be the global supply of battery and platinum group metals.
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