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Stillwater Critical Minerals – Reviewing The First Tranche Of 2023 Drill Results From Stillwater West

Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins me to review the first tranche of drill result assays from their flagship Stillwater West Ni-PGE-Cu-Co + Au Project in Montana.  We dig into what these results mean for the updated geological model that is coming into focus, as well as the value drivers moving forward on their 4 other non-core properties.

 

With regards to the Stillwater West Project, in 2023 a total of 6 holes totaling 2,310 meters were completed within and outside of the current resource area, west and south of the current DR-Hybrid deposit, as part of a planned multi-phase program. The focus was on expanding recent high-grade discoveries at Chrome Mountain at the west end of the nine-kilometer-long resource area. We get into the parallels between the Stillwater Igneous Complex and the Bushveld Igneous Complex and South Africa’s Platreef district, which hosts very large Ni-Cu-PGE mines that are now in operation by Ivanhoe Mines and Anglo American.

 

We also discuss some of the new understanding of a second mineralized event on the property producing what have been labeled as the “N series” of sulphide-rich mineralized structures parallel to high-grade nickel sulphide mineralization first discovered by the Company in prior drill holes CM2021-05 and CM2020-04. We also discussed the deep roots under Chrome Mountain as a potential feeder system warranting further follow up drilling in 2024.

 

Mike also highlighted that the Company has other value drivers being overlooked by the market place at their other 4 non-core properties:  The Drayton-Black Lake Gold Project where Heritage Mining (CSE: HML), is under an earn-in agreement, by which they can earn a 90% interest in the project by completing work commitments and making payments of cash and shares to the Company. There has also been some additional exploration work at the Company’s 100%-owned Kluane PGE-Ni-Cu project in Yukon, Canada, funded in part by a Yukon Mineral Exploration Program grant. We also mention the potential for further value drivers at both the Duke Island Project in Alaska and their long-standing Yankee Dundee Project in British Columbia.

 

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 at the time of this recording.

 

 

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Discussion
1 Comment
    May 30, 2024 30:06 AM

    New Nickel, Copper, and Cobalt Mineralization Discovered in Montana Drill Results

    Streetwise Reports (5/29/24)

    “Stillwater Critical Minerals (PGE:TSX.V; PGEZF:OTCQB) reported the first tranche of drill results from their 2023 expansion drilling at the Stillwater West project in Montana.”

    “Funded by Glencore, which holds a 15% share position, six holes totaling 2,310 meters were drilled, focusing on expanding deposits off the west edge of the nine-kilometer-long resource area. Highlights include significant nickel, copper, and cobalt mineralization with high-grade intervals. Notably, hole CM2023-05 intersected 52.1 meters at 0.49% nickel equivalent (NiEq) containing 4.8 meters at 1.22% NiEq, which includes an impressive 2.8 grams per tonne (g/t) platinum, palladium, and gold.”

    https://www.theaureport.com/article/2024/05/29/new-nickel-copper-and-cobalt-mineralization-discovered-in-montana-drill-results.html