Desert Metals hits a titillating zone of hot, thick PGEs during latest drilling at Innouendy
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Desert Metals has bitten into the first PGE intersection of potentially economic grade in the Narryer Terrane, open along strike for at least 2km with additional follow-up drilling on the cards.
The intersection returned 4m at 1.19g/t PGE3 (platinum, palladium, and gold) from 40m within a broader zone of 32m at 0.46g/t PGE3.
Interestingly, Desert Metals (ASX:DM1) says the intersection also returned the highest gold sample so far encountered at the project with a hit of 4m at 0.13g/t gold.
Several other thick, lower-grade nickel intersections in reverse circulation (RC) and aircore (AC) drilling have outlined a substantial nickel-rich intrusive phase with hits such as 64m at 0.27% nickel from 24m, including 8m at 0.57% nickel as well as 44m at 0.33% nickel from 20m and 12m at 0.51% nickel.
The PGE zone continues at low but anomalous levels for about 200m, providing DM1 with the confidence to begin the next stages of exploration planning to test the zone at depth and along strike with RC and AC drilling.
Several promising nickel and PGE anomalies identified in previous AC drilling were also followed up in the latest program.
Drilling beneath a previously reported intersection of 4m at 0.58% nickel returned 52m at 0.29% nickel from surface, including 4m at 0.41% nickel.
“The presence of thick nickel intervals is very encouraging with more work planned to identify the potentially higher-grade areas of the system,” DM1 says.
“With mafic-ultramafic intrusive rocks now confirmed by drilling over a 20km strike length, a new nickel rich mafic-ultramafic intrusive complex is emerging at Innouendy.”
This article was developed in collaboration with Desert Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.