- Stillwater Critical Minerals (TSXV:PGE) has begun expansion drilling at its flagship Stillwater West project in Montana
- Drilling at the platinum group element (PGE)-copper-cobalt and gold project will focus on expanding NI 43-101-compliant resources
- Fieldwork surface programs, including geophysical and geological prospecting and mapping surveys, are also planned as part of the campaign
- Stillwater Critical Minerals Corp. opened trading at $0.21 per share
Stillwater Critical Minerals (TSXV:PGE) has begun expansion drilling at its flagship Stillwater West project in Montana.
Drilling at the platinum group element (PGE)-copper-cobalt and gold project will focus on expanding NI 43-101-compliant resources that demonstrated world-class grade and scale with 1.6 billion pounds of nickel, copper and cobalt and 3.8 million ounces of palladium, platinum, rhodium and gold in a base case study totaling 255 million tonnes (Mt), with a high-grade component of 11.6 Mt grading 1.05 per cent recovered nickel equivalent (as 0.56 per cent nickel (Ni), 0.33 per cent copper (Cu), 0.03 per cent cobalt (Co), 0.54 g/t palladium (Pd), 0.27 g/t Pt, 0.15 g/t gold (Au) and 0.019 g/t rhodium (Rh)).
Source: Stillwater Critical Minerals Corp.
The priority is on expanding high-grade mineralization at the DR-Hybrid deposit at Chrome Mountain, including drill hole CM2021-05, which returned 13.2 metres grading 2.89 per cent recovered nickel equivalent (NiEq) (2.31 per cent Ni, 1.51 g/t 4E, 0.35 per cent Cu, and 0.115 per cent Co), starting at 37.6 metres. This high-grade mineralization, contained within 400.8 metres of continuous battery and precious metal mineralization, is of a type not previously identified in the Stillwater district and appears to be related to 8.5 metres of similar high-grade, high-tenor nickel sulphide returned in hole CM2020-04, approximately 125 metres downdip to the west.
Preliminary metallurgical assessments by Stillwater returned strong nickel tenor in sulphides drilled by the company.
The company’s president and CEO, Michael Rowley, said in a news release that equipment and crews have arrived for the 2023 drill campaign with a view to expanding the recent high-grade nickel and copper sulphide discoveries, enriched in cobalt and precious metals.
“Those intercepts included some of the widest and highest-grade intervals in their respective years and drove a robust and low-cost expansion of our previous mineral resource. We are focused on continuing that trend as we apply our new understanding of the geology of the Stillwater complex from the giant mines of South Africa,” Rowley said. “The broader fundamentals are stronger than ever for our sector, and the recent strategic investment by Glencore in Stillwater is an important validation of both the project and the underlying fundamentals of U.S. critical mineral supply. We look forward to further announcements from this iconic and expanding American mining district, which has been producing high-grade critical minerals for over one hundred years.”
Fieldwork surface programs, including geophysical and geological prospecting and mapping surveys, are also planned as part of the campaign.
Stillwater Critical Minerals Corp. is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co and Au project in the productive Stillwater mining district in Montana.
Stillwater Critical Minerals Corp. opened trading at $0.21 per share.
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