Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that additional exploration work returned high-grade gold (Au), platinum (Pt) and palladium (Pd) mineralization at Pine and HGR, two of five high priority targets at the Stillwater West project in Montana.
These new results are from geological sampling and mapping along with assays from previously drilled but untested core.
"Our systematic approach in consolidating and exploring the famously metal-rich yet underexplored Stillwater district continues to proffer exciting and unexpected revelations," President and CEO Michael Rowley said in the release.
Regarding the Pine target, 9 kilometers to the west of Iron Mountain, drill core assays included 16.19 grams per ton (16.19 g/t) Au, 0.24 g/t Pt and 0.5 g/t Pd over 7.98 meters (7.98m) and 28.7 g/t Au, 1.06 g/t Pt and 1.27 g/t Pd over 2.6m hosted within the chromite-rich ultramafic stratigraphy.
From rock samples Group Ten took at Pine in 2019, results showed values up to 13.80 g/t Au, 1.1 g/t Pd and 1.28 g/t Pt. Of the 13 samples the company has taken to date, all returned grades of 2–30 g/t platinum equivalent mineralization.
As for the HGR target, returned assays on historical drill core not previously tested for precious metals returned 14.3 g/t Au, 3.1 g/t Pd and 1.66 g/t Pt. Grades are comparable with those at Pine, 9 kilometers to the west of HGR.
"Results have identified a 'gold suite' of pathfinder elements that co-occur in high-grade samples," the release noted, which can guide the targeting of gold-rich mineralization over the expansive Stillwater West property. Group Ten realized that these high-grade gold zones are much more broadly distributed and occur within some of the same horizons hosting the bulk-tonnage, polymetallic, Platreef-style deposits in the lower Stillwater complex.[NLINSERT]
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Group Ten Metals. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Group Ten Metals. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Group Ten Metals, a company mentioned in this article.