Stillwater Critical Minerals – Exploration Update From Stillwater West, Kluane, and Drayton-Black Lake Projects
Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins us to outline the key exploration work going on at the Company’s flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana. He also provides some updates on the exploration programs underway presently at the Company’s Canadian projects; including the Kluane PGE-Ni-Cu project in Yukon, and drilling at the Drayton – Black Lake gold project in Ontario via Heritage Mining, as part of their earn-in deal.
With regards to the Stillwater West Project, we review the strategic equity investment by Glencore Canada Corporation, a wholly-owned subsidiary of Glencore plc (GLEN.L) (GLCNF), which cashed the company up for this year’s 5,000 meter drill program. This year’s drilling already well underway, will apply updated geological models which incorporate similar geology from South Africa’s Platreef district under the direction of Dr. Danie Grobler, who joined the team in May of 2022 as Vice-President Exploration. The Company is applying geologic models from the Platreef district based on well-documented parallels between the Stillwater Igneous Complex and the Bushveld Igneous Complex, which hosts very large Ni-Cu-PGE mines that are now in operation by Ivanhoe Mines and Anglo American.
Exploration work is now underway at the Company’s 100%-owned Kluane PGE-Ni-Cu project in Yukon, Canada, funded in part by a Yukon Mineral Exploration Program grant. Geological mapping, drone LiDAR and imagery acquisition, and prospecting and rock sampling programs are being completed with the objective of advancing targets for follow-up campaigns and completing detailed geologic maps over priority areas. We also have Mike unpack some of the work being done in 2023 that will begin to formally examine the potential for carbon capture at the Kluane project with an initial focus on developing a procedure to identify and map rocks for their potential to sequester carbon based on existing data sources, remote sensing and imagery.
We also get an update from Mike on the drilling now underway at their Drayton-Black Lake Project by Heritage Mining (CSE: HML) under an earn-in agreement, by which Heritage can earn a 90% interest in the project by completing work commitments and making payments of cash and shares to the Company. On September 5, 2023, Heritage Mining announced that drilling has been completed at the Alcona target area and is now mobilizing to the New Millennium target area as part of a 3,600-meter Phase One diamond drill program over three priority target areas that also includes the historically high-grade Moretti target.
If you have any questions for Mike regarding Stillwater Critical Minerals, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Stillwater Critical Minerals.