Group Ten Metals – Review Of 2021 Exploration Work And Recap Of The Maiden Resource Estimate At Stillwater West
Michael Rowley, President and CEO of Group Ten Metals (TSX.V: PGE – OTCQB: PGEZF) joins us for a year-end update on the exploration work and a recap of the maiden resource estimate at the Company’s flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana.
Thus far only 2 drill holes have been reported out of the 14 drill holes reported from the step-out exploration program that will be focused primarily on 2 of the most advanced targets – Chrome Mountain, and the Iron Mountain/CZ/HGR. Hole # CZ2021-01 returned 63.7 Meters of 0.92% Nickel Equivalent Mineralization (2.46 g/t Palladium Equivalent), and hole # CM2021-01 returned the longest mineralized intercept ever recorded in the Stillwater district with 728 meters of continuous sulphide mineralization at 0.27% NiEq, or 0.73 g/t PdEq, including contained intervals of successively higher grades.
We review some of the other targets the company has drilled or plans to drill connecting the five deposits over the 9 km mineralized trend. Next we have Mike unpack the compelling mix of metals at Stillwater West, the current resource size, and how this compares to peer projects with their inferred mineral resources totalling 2.4 million ounces of palladium, platinum, rhodium, and gold; plus and additional 1.1 billion pounds of nickel, copper, and cobalt.
The Company has transacted the high-grade Black Lake-Drayton Gold project under a 90% earn-in option agreement with a new to list company Heritage Metals, and is reviewing various options for the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum’s Wellgreen deposit in Canada’s Yukon Territory.
If you have any follow up questions for Mike regarding Group Ten, please email us at Fleck@kereport.com or Shad@kereport.com.