- Future Metals (FME) confirms through historical sampling work the mineralisation at its Panton Project exceeds 50 metres in width
- The company reassessed 11 historical drill hole samples completed at the platinum group metals project in northern Western Australia, which confirmed the mineralisation drilled along 3.5 kilometres of strike
- The company made the decision to sample the historical holes to increase its data points, which will feed into the new mineral resource estimate for the project
- Assays for the remaining holes submitted for analysis are expected to be reported in April and early May 2022
- Future Metals last traded at 21 cents on April 21
Future Metals (FME) has confirmed through further historical sampling work that its Panton platinum group metals project’s mineralisation width exceeds 50 metres.
The junior explorer reassessed 11 historical drill hole samples completed at its Panton PGM Project in northern Western Australia. The data gathered from the sampling work will feed into a planned mineral resource update for the project.
The new drill hole assays, which were previously unsampled, confirmed the mineralisation width at Panton exceeded 50 metres along the drilled 3.5-kilometre strike.
Intercepts included 53.3 metres at 1.74 grams per tonne (g/t) of palladium equivalent from 80 metres and 12 metres at 1.41 g/t palladium equivalent from 142 metres.
“Prior owners of Panton were solely focussed on the chromite reefs which meant large portions of the core went unsampled,” Jardee Kininmonth, CEO of Future Metals. said.
“Given the company’s focus on proving the bulk tonnage potential of the project, we made the decision to sample these historical drill holes to increase the data points to feed into the new resource.”
The company reported its JORC mineral resource estimate update remains on track for completion in the second quarter of 2022, which will include the 23 historical cores.
“We’re pleased that this decision has been proven worthwhile, with all holes providing further evidence of the mineralisation sitting outside the high-grade chromite reefs,” said Jardee Kininmonth.
Assays for the remaining holes submitted to the laboratory that remain outstanding are expected to be reported in April and early May 2022.
Future Metals last traded at 21 cents on April 21.