In addition, PNG Copper Director,
Drillhole DOD005 intersected a significant 10.25 m (51.80 m-62.05 m) width of nickel-palladium-platinum mineralisation grading 0.56 % Ni, 450 ppb Pd and 40 ppb Pt, including a 2.25 m interval grading 1.19 % Ni, 760 ppb Pd and 40 ppb Pt in the +520 m long Doriri lode. Drillhole DOD005 on Section 10040N was designed to provide a deep (60 m below surface) test below previously completed Costean IV, which assayed 7.00 m @ 0.66 % Ni, 1213 ppb Pb and 57 ppb Pt, and two previously completed cored drillholes (DOD001 and DOD002), both of which intersected the Doriri lode.
Drillhole DOD006 intersected 11.60 m (11.55 m-23.15 m) grading 1.12 % Ni, 430 ppb Pd and 40 ppb Pt, including a 6.35 m (11.55 m-17.90 m) interval grading 1.43 % Ni, 481 ppb Pd and 40 ppb Pt (with a 0.85 m interval grading 2.43 % Ni, 1105 ppb Pd and 49 ppb Pt) and a footwall interval of 0.85 m (22.30 m-23.15 m) grading 1.26 % Ni, 118 ppb Pd and 10 ppb Pt. Drillhole DOD006 on Section 10025N was designed as a shallow test beneath the previously completed Costean III, which assayed 7.00 m @ 0.78 % Ni, 1011 ppb Pd and 92 ppb Pt, to establish the presence of the Doriri lode in the near surface.
Drillhole DOD007 intersected 12.10 m (17.10 m-29.20 m) grading 0.93 % Ni, 503 ppb Pd and 45 ppb Pt, including a 2.28 m (23.92 m-26.20 m) interval grading 1.75 % Ni, 701 ppb Pd and 65 ppb Pt. A second narrower 1.50 m (38.95 m-40.45 m) interval intersected near the footwall of the Doriri lode graded 0.44 % Ni, 105 ppb Pd and 310 ppb Pt. DOD007 was drilled from the same drill pad as DOD006 on Section 10025N. It was designed to provide a deeper intersection below DOD006 and provide information on the dip of the Doriri lode in this part of the prospect. The hole (with DOD006) confirmed a 70o dip of the lode towards the northeast.
All intersections of the lode were below the base of total oxidation and contained trace amounts of stockwork sulphide minerals hosted in massive magnetite-chlorite rock. Iron concentrations in the Doriri lode (in part indicative of magnetite content) ranged from 10 % to >50 %. Drill results for holes DOD005, DOD006 and DOD007 are summarised in Table 2. Assay results for drillhole DOD008 are pending.
Core samples from drillholes were dispatched to
Doriri epithermal nickel-palladium-platinum prospect
Doriri is a very low temperature accumulation of nickel, palladium and platinum located in the mafic and ultramafic rocks of the Mt Suckling massif in southeastern
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by
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