- Desert Metals (DM1) identifies platinum group elements (PGEs) at the Innouendy project in WA
- DM1 has received final assays from a drill hole which include 40 metres of anomalous platinum and palladium coincident with chromium within a weathered ultramafic unit
- This hole sits on the edge of a significant two-kilometre by 800-metre soil anomaly which will be followed up with aircore drilling
- Desert Metals can also begin survey work and drilling at the Belele and Dingo Pass prospects after signing a heritage agreement with native title owners
- Company shares were up 9.68 per cent to 28 cents at 3:05 pm AEDT
Desert Metals (DM1) has identified platinum group elements (PGEs) at the Innouendy project in Western Australia.
The company received final assays for drill hole INRD008 which returned 40 metres at 0.17 grams of platinum and palladium (PGE) per tonne (g/t) including two metres at 0.59g/t PGE and 1870 parts per million (ppm) chromium.
Based on the high chromium coincident with the PGEs, Desert re-evaluated the significance of a two-kilometre-long by 800-metre-wide chrome anomaly in historical soil geochemistry to the west of the drilling.
Desert collected soil samples from the area to test for PGEs which confirmed a PGE-chrome anomaly. However, the values were higher in recent drilling than soil samples, as the company expected.
The highest PGE values are on the western flank of the anomaly, about 400 metres west of the drilling. This western PGE anomaly is also coincident with a conductive zone identified in airborne electromagnetic (EM) data and historical rock chip samples of up to 1290ppm nickel.
Desert Metals believes the most prospective and potentially higher grade part of the Innouendy project may be on the western flank. The observations also suggest the primary target at Innouendy may be PGEs where the highest grade isn’t necessarily associated with massive sulphides. The company plans to test this target with aircore drilling.
In addition, the miner recently signed a heritage agreement with the native title holders of its eastern licenses. This allows Desert to begin ground survey work at the Dingo Pass and Belele prospects which will be followed by a drilling program.
Drilling at Dingo Pass will also get a $150,000 boost after Desert was awarded a co-funding grant under the WA Government’s Exploration Incentive Scheme.
Company shares were up 9.68 per cent to 28 cents at 3:05 pm AEDT.