- Write by:
-
Wednesday, January 22, 2020 - 10:43:06 AM
-
759 Visit
-
Print
Mining News Pro - Impala Platinum (Implats) has resumed drilling at the Sunday Lake platinum-palladium (PGM) property in Ontario following the completion of its acquisition of North American Palladium (NAP) last month.
According to Mining News Pro - Implats currently holds a 75% interest in the Sunday Lake project. Canada’s Transition Metals (TSXV: XTM) serves as the property generator and holds a 25% free-carried interest through to the completion of a feasibility study.
According to Transition Metals, Implats plans to drill 5,400 metres in four holes to test for high-grade platinum group metal mineralization associated with the ‘Big Red’ anomaly identified from geophysical surveys completed in 2018. Last year, drilling of this anomaly returned “significant” mineralization, including 41.20 metres at 5.51 g/t platinum, palladium and gold.
“The Sunday Lake property is a key project for Transition Metals with results thus far outlining significant continuous and thick intervals of platinum and palladium mineralization across an area which is now 1,500 metres by 900 metres in size,” Transition Metals CEO and president Scott McLean stated in a press release.
The Sunday Lake property is located 30 kilometres north of Thunder Bay and represents one in a series of mafic-ultramafic intrusions interpreted to be Proterozoic in age and related to the emerging Mid-Continental Rift nickel-copper-PGM camp. Recent discoveries in the district include Panoramic Resources’ Thunder Bay North project in Ontario, Lundin Mining’s Eagle mine in Michigan and Rio Tinto’s Tamarack deposit in Minnesota.
To date, a total of 29,343 metres have been completed on the property targeting sulphide mineralization associated with the basal Marginal zone.
Short Link:
https://www.miningnews.ir/En/News/476634
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
No comments have been posted yet ...