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Planet Mining Exploration Inc. Announces New Platinum - Palladium Discoveries at Golden LoonPlanet Mining Exploration Inc. Announces New Platinum - Palladium Discoveries at Golden Loon
(via Thenewswire.ca) August 23, 2012 - Vancouver, B.C. Planet Mining Exploration Inc. ("Pla...
About this update from Planet Ventures Inc
[{"type":"text","content":"\nPlanet Mining Exploration Inc. Announces New Platinum - Palladium Discoveries at Golden LoonPlanet Mining Exploration Inc. Announces New Platinum - Palladium Discoveries at Golden Loon\n\n(via Thenewswire.ca)\n\n \nAugust 23, 2012 - Vancouver, B.C. Planet Mining Exploration Inc. (\"Planet\" or the \"Company\") (TSX-V: PXI) is pleased to announce the discovery of multiple occurrences of platinum and palladium enrichment encircling the large ultramafic intrusion that forms the core of the Golden loon property. The new platinum and palladium enriched zones differ from previously explored areas within the ultramafic in that they generally contain:\n\n\n \n-Enriched platinum group metal (PGM) mineralization relative to the central intrusion with grab samples returning up to 1.75 g/t combined platinum and palladium.\n\n\n \n-Anomalous to strong copper mineralization returning up to 3285 ppm (0.33%) copper.\n\n\n \n-Coarse sulfides consisting of pyrite, pyrrhotite, pentlandite, chalcopyrite and rarely bornite.\n\n\n \n-Mylonitic shear zones which may have facilitated secondary enrichment of PGMs and copper.\n\n\n \nSamples are now being tested for total platinum group metal enrichment. This will include testing for ruthenium, rhodium, osmium and iridium, in addition to platinum and palladium. PGM's generally occur together within ultramafic intrusions and hence discovery of both platinum and palladium implies that these additional PGM's may also be present.\n\n\n \n\n ----------------------------------------------------------------\n |Sample |Platinum|Palladium|Combined|Copper|Nickel|Cobalt|Gold |\n | |(g/t) |(g/t) |(g/t) |(ppm) |(ppm) |(ppm) |(g/t)|\n |--------------------------------------------------------------|\n |1605582|1.19 |0.56 |1.75 |11 |2051 |109 |0.13 |\n |--------------------------------------------------------------|\n |1605596|0.60 |0.79 |1.39 |724 |334 |72 |- |\n |--------------------------------------------------------------|\n |1605572|0.51 |0.53 |1.04 |1304 |173 |106 |- |\n |--------------------------------------------------------------|\n |1605594|0.20 |0.28 |0.48 |241 |510 |109 |- |\n |--------------------------------------------------------------|\n |1605590|0.14 |0.20 |0.34 |1569 |474 |127 |0.02 |\n |--------------------------------------------------------------|\n |1605539|0.09 |0.14 |0.23 |304 |759 |84 |0.01...