Business
Expansion Drilling Now Underway at Stillwater West
VANCOUVER, BC / ACCESSWIRE / September 12, 2023 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Expansion Drilling Now Underway at Stillwater WestVANCOUVER, BC / ACCESSWIRE / September 12, 2023 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF) (the \"Company\" or \"Stillwater\") is pleased to provide an update on drilling now underway at the Company's flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana. The Company is further pleased to provide updates on exploration programs underway now 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.Figure 1 - Drill rig at Chrome Mountain, west of the DR-Hybrid deposits. Drilling to date has focused on this area with a view to expanding on recent high-grade nickel sulphide intercepts with significant copper, cobalt, palladium, platinum, gold and rhodium co-product grades. Figure 2 - Significant sulphide mineralization in hole CM2023-04 around 369 feet (112.5 meters) depth. HighlightsDrilling focused on expansion of the NI 43-101-compliant resources announced January 25, 2023 (the \"2023 Resource\") is underway now, funded by the strategic investment by Glencore PLC announced June 30, 2023.Crews have begun the sixth hole and completed more than 1,800 meters drilling to date.All holes in the 2023 campaign to date are west and south of the DR-Hybrid deposit at Chrome Mountain, which forms the western edge of the five deposits that span nine kilometers to comprise the 2023 Resource.Multiple intervals showing visible sulphide mineralization have been returned to date. Drilling has focused in the area of recent high-grade discoveries made by the Company such as drill hole CM2021-05, which returned 13.2 meters grading 2.89% Recovered Nickel Equivalent1 (\"NiEq\") (2.31% Ni, 1.51 g/t 4E, 0.35% Cu, and 0.115% Co), starting at 37.6 meters and contained within 400.8 meters of continuous battery and precious metal mineralization (see news release May 3, 2022).The 2023 campaign is the first to 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 Igneo...