Playfair Defines Six Targets at RKV Project, Norway
2020-09-29 09:00 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - Playfair (TSXV: PLY) (FSE: P1J1) (OTC: PLYFF) has collected a total of 1,613 MMI samples in three phases of MMI soil geochemical sampling to evaluate 24 targets generated by Windfall Geotek's CARDS platform. Six targets have been selected for further work including the highly significant Storboren Copper Anomaly.
Figure 1
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The first phase of the MMI evaluation process identified 15 of the original 24 CARDS targets for further field work. The second phase of MMI provided detailed spatial continuity and extended MMI anomalies on 2 targets.
The just completed third phase covered the remaining 13 targets selected from the first phase MMI together with one additional CARDS target proximal to the past producing Rostvangen Mine. Four targets were selected for further work based on the third phase MMI results bringing the total to six targets.
CEO Don Moore states: "Having a compelling drill target emerge from geochemical data alone on a high priority CARDS target is a rare event; nonetheless Storboren is drill-ready."
Further fieldwork is planned on the remaining 5 principal targets with the goal of advancing some, or all, of these to drill-ready targets.
The Company and its Norway-based representative are working closely with local authorities and the Directorate of Mining to obtain the required permissions for drilling Storboren.
Playfair Mining's 100% owned RKV copper-cobalt-nickel project currently encompasses 344 square kilometers in a historic mining area about 100 km south of Trondheim by road. Two historic copper mines, Kvikne and Rostvangen, a drilled nickel-copper deposit, Vakkerlien, and over 20 known mineral occurrences mapped and sampled by the Norwegian Geological Survey (NGU) together with an extensive digital database formed the initial impetus for exploration in the area.
The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.
There is no green future without minerals. The road to a cleaner environment includes batteries. Batteries use copper, nickel, and cobalt.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com
D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com
Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
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