RC drill rig at Eastman. Source: Peako
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  • Peako (PKO) completes reverse circulation (RC) drilling at the Eastman Platinum Group Element (PGE) Project in the Kimberly region of WA
  • All up, 35 RC holes were drilled to test for PGE endowment across the ultramafic stratigraphy where previous work indicated an extensive PGE-mineralised system
  • Peako expects to receive results progressively throughout September
  • Additionally, assays from soil sampling over the previously untested ultramafic intrusives at the Eastman South prospect defined multiple anomalous PGE trends
  • Peako is steady on the market with shares trading at 2.1 cents at market close

Peako (PKO) has completed reverse circulation (RC) drilling at the Eastman Platinum Group Element (PGE) Project in the Kimberly region of WA.

All up, 35 RC holes, for 4138 metres, were drilled to test for PGE endowment across the ultramafic stratigraphy where previous work indicated an extensive PGE-mineralised system.

Visual observation of the drill chips confirms the occurrence of ultramafic-mafic sequences.

Further, two newly identified mineralisation styles – stratabound mineralisation and carbonate-hosted mineralisation – were tested by the RC drilling.

Four holes, for 318 metres, were drilled across two gold and base metal prospects.

Peako expects to receive results progressively throughout September.

“Both stratabound and carbonate-hosted mineralisation models provide larger potential target styles for PGE mineralisation relative to the limited thin horizons of stratiform chromite PGE mineralisation which was the focus of past explorers,” Technical Director Dr Paul Kitto said.

Finally, assays from soil sampling over the previously untested ultramafic intrusives at the Eastman South prospect defined multiple anomalous PGE trends.

Peako was steady on the market with shares trading at 2.1 cents at market close.

PKO by the numbers
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