The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Wellgreen Platinum Ltd. April 22 posted results of the 2015 fall and winter exploration drilling and field work programs at its Wellgreen Platinum group metal-nickel project in southwestern Yukon Territory.
Wellgreen completed 4,078 meters of core drilling and 1,091 meters of reverse circulation drilling.
The 25-hole program targeted down-dip extensions and higher grade mineralization at the Far West, West, Central, East and Far East zones to test the down-dip extensions of known disseminated mineralization, as well as areas of higher grade mineralization.
Nine holes drilled at Far West targeted down-dip and strike extensions to known mineralization, as well as potential upgrades of certain inferred mineral resources from a 2015 preliminary economic assessment into the measured and indicated mineral resource categories.
Holes WS-255, WS-266 and WS-268 all intersected near-surface mineralized zones grading more than 3.75 grams per metric ton platinum-equivalent.
The platinum-equivalent calculation takes into account the value of the nickel, copper, cobalt, palladium and gold also present in the mineralization.
Three holes drilled in the West zone targeted potential upgrades of inferred mineral resources and assess the potential for higher grade mineralization trends within the main deposit area.
Hole WS-263 cut 55.2 meters of mineralization, starting at a depth of 300 meters grading 5.63 g/t platinum-equivalent.
Wellgreen said this indicated the probable continuation of higher grade mineralization encountered in this area.
Another four holes targeted potential upgrades of inferred mineral resources Central and East zones.
Hole WS-265 cut 547.7 meters grading 2.19 g/t platinum-equivalent, including 63 meters averaging 3.81 g/t platinum-equivalent.
Four holes also were drilled in the Far East zone.
Hole WS-271 cut three mineralized zones at Far East, include 262.8 meters grading 2.37 g/t platinum-equivalent.
The results from this program, along with drilling completed in the fall and winter of 2014 and summer of 2015, will be incorporated into an updated deposit model that is intended to form the basis of a potential future pre-feasibility study.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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