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- Podium Minerals (POD) reports further success from its exploration program at the Parks Reef Exploration Target in Western Australia
- The company announces the results from nine reverse circulation holes completed as part of its stage ten exploration drilling program, which has so far returned a 100-per-cent success rate for intersecting the platinum group metal reef
- Podium will now test all intercepts for the presence of rhodium, iridium, and base metals, which will inform its platinum group metals resource upgrade
- With stage ten drilling complete, the company is now awaiting results for 36 holes, which are expected to be returned this quarter
- Podium Minerals last traded at 22.5 cents on July 14
Podium Minerals (POD) has reported further success from its exploration program at the Parks Reef Exploration Target in Western Australia.
The company received results from nine reverse circulation holes completed as part of its stage ten exploration drilling program.
The results are in addition to six assay results released at the end of June, totalling 15 holes tested to date.
Managing Director and CEO Sam Rodda said Podium had so far seen strong results in line or above expectations, with the deeper stage ten assays received.
“These results continue to demonstrate Parks Reef’s comprehensive list of attributes, supporting its potential for development,” Mr Rodda said.
Assays from the new batch of results included six metres at 1.39 grams per tonne (g/t) platinum group metals, including 0.77 g/t platinum, 0.43 g/t palladium and 0.19 g/t gold from 177 metres.
Podium said its current assays from this stage of drilling had returned a 100 per cent success rate for intersecting the platinum group metal reef, with results in line with projected orebody widths and grade.
The company will now test all stage ten intercepts for the presence of rhodium, iridium, and base metals, which will inform its platinum group metals resource upgrade.
With stage ten drilling complete, Podium is now awaiting results for 36 holes. These assays are expected to be returned this quarter.
Podium Minerals last traded at 22.5 cents on July 14.
