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Playfair Mining Ltd V.PLY

Alternate Symbol(s):  PLYFF

Playfair Mining Ltd. is a mineral exploration company based in Canada. The Company’s main business is the acquisition, exploration and development of natural resource properties. The Company has interests in various properties in Grey River Newfoundland, Rostvangen-Kvikne-Vakkerlien Project (RKV Project), Folldal Project and Osterdalen Project. The Grey River property is located adjacent to the fishing village of Grey River (population of approximately 350 people) on the south coast of Newfoundland. The property consists of nine mineral claims (1,750 hectares). The RKV properties cover 201 square kilometers (km2) in a mining area about 100 kilometers (km) south of Trondheim by road. The RKV Project covers three Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. The Company acquired exploration rights on the approximately 216 km2 North Osterdalen Project.


TSXV:PLY - Post by User

Post by Bulyboyon Apr 14, 2021 5:15pm
149 Views
Post# 32995983

Latest news release out today!

Latest news release out today!

 

Playfair Mining to drill RKV copper project

 

2021-04-14 11:50 ET - News Release

 

Mr. Donald Moore reports

PLAYFAIR PREPARES FOR DRILLING AT RKV COPPER PROJECT, NORWAY

Playfair is planning a core drilling program on its large (201 square kilometres) 100-per-cent-owned RKV copper project in south-central Norway. Playfair has delineated seven drill targets and has filed drill notifications with the Norwegian Directorate of Mining (six are approved to date).

The seven drill targets were previously described: Storboren (Nov. 7, 2019, and Dec. 5, 2019, news releases), Saterfjellet (Jan. 6, 2021, news release), Kletten North and Kletten South (Jan. 28, 2021, news release), Rostvangen Northeast and Rostvangen Southwest (Feb. 17, 2021, news release), and Rodalen (March 11, 2021, news release).

The drill targets are MMI (mobile metal ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek's proprietary Computer Aided Resources Detection System (CARDS).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 parts per billion. The highest value recorded was 53,300 ppb MMI Cu. A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

A presentation on the drilling plans can be found on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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