Pallas PGE-Ni-Cu Target
Highlights
- Tenement considered very prospective for gold and ultramafic-hosted PGE-Ni-Cu targets
- Isolated historic RC drilling intersected up to 78 ppm Pd+Pt at bottom of hole, within 44 m @ 0.18% Ni to 90 m depth, associated with anomalous Cr, Ti, Cu, and Au
- Drilling of priority targets to commence on obtaining all necessary approvals
The Company has undertaken a review of historic open file data and identified targets for gold exploration adjacent to the historic Ryansville, Ulysses and Hercules prospects.
In addition, base metal exploration completed by CRA Exploration Pty Ltd (CRA) targeting possible repetitions of the Mt Mulcahy-style VMS mineralisation culminated in the drilling of two holes on E20/953. A single vertical 90 m deep hole (83WRR3) targeting a magnetic anomaly at Poona North intersected significant PGE-Ni mineralisation.
