Group Ten Metals – Third Tranche Of High-Grade Nickel Equivalent Drill Results Released At Stillwater West
Michael Rowley, President and CEO of Group Ten Metals (TSX.V: PGE – OTCQB: PGEZF) joins us for an exploration update on the 3rd tranche of high-grade drill assay results at the Company’s flagship Stillwater West project in Montana. The headline intercept was 13.2 meters of 3.33% nickel equivalent within 401 meters continuous mineralization from resource expansion drilling and step-out drilling in the DR-Hybrid deposit area at Chrome Mountain.
Next we reviewed the challenge in communicating solid polymetallic drill results to investors when there is a nickel equivalent that also contains healthy amounts of palladium, copper, cobalt, platinum, rhodium, and gold in the deposit as well. Mike pointed out that this ties into their theme of making the parallel to the platreef style deposits found in the Bushveld complex in South Africa, as an analog to the type of polymetallic deposit and similar geological events that caused the mineralization, as it is more well understood by investors. This lead into a discussion of the new team members Danie Grobler as Vice-President Exploration and Albie Brits as Senior Geologist, where Dr. Grobler and Mr. Brits both have extensive senior level experience from more than two decades of advancing major deposits on the northern limb of the Bushveld Igneous Complex.
We wrap up looking forward at the exploration plan on tap for 2022 with 10,000 meters planned to continue expanding resources at the the Chrome Mountain area at Hybrid and DR, and potentially connecting the 450 meter area between those 2 zones, along with the CZ area, and the HGR target at the Iron Mountain area. There are also still 5 more holes from the Iron Mountain area, of the 14 holes from the 2021 drill program that have not been returned yet that will be released in the near future. Once those 2021 drill results are in place, then the work will be done to update the resource estimate at the Stillwater West project.
If you have any follow up questions for Mike regarding Group Ten metals, then please email us at Fleck@kereport.com or Shad@kereport.com.