PAPUAN Precious Metals has landed a 12.2m intersection grading 1.08% nickel and 0.52 grams per tonne for platinum group metals at the Doriri Creek prospect of its Mount Suckling project in the east of PNG’s Central province.
Mt Suckling project image courtesy of PPM.
What makes the find more interesting is the hole it came from, which was drilled at a dip of 50 degrees and only to a total depth of 34m from the surface.
The result was from the first of a four-hole program targeting what PPM says is a 520m-plus length of the Doriri Creek lode.
Assay results from the second hole clocked up a best intersection of 4m at 1.28% nickel and 0.53gpt PGM.
It included a 1m interval grading 0.65% nickel and 1.19gpt PGM.
The hole was drilled at a steeper dip of 70 degrees for a total depth of 69.2m from the surface.
Results from the other two holes are pending.
The style of nickel, platinum and palladium mineralisation encountered at the prospect was considered geologically unique in PNG and had been subject to CSIRO investigation.
Other project prospects to the northeast are expected to host similar deposits.