- Platina Resources (PGM) has confirmed high-grade zinc mineralisation at its Blue Moon Project
- One diamond drill hole intersected the highest zinc level at the project so far with almost 52 per cent intersected
- These findings extend the high-grade mineralisation within the main horizon
- Platina is currently down 4.76 per cent with shares trading for 2 cents apiece
Platina Resources (PGM) has confirmed significant intersections of high-grade zinc mineralisation at its Blue Moon project.
The Blue Moon deposit is a Kuroko-type polymetallic, volcanogenic, massive sulphide (VMS) deposit.
The deposit is hosted in a rhyolite strata up to 300 metres thick which is part of the Gopher Ridge Formation consisting of a basal sequence of basalt and andesite.
The sulphide-sulphate mineralised lenses are hosted in the lower part of the felsic sequence.
Ore minerals are pyrite, sphalerite, chalcopyrite, galena and minor tetrahedrite and bornite.
To date, four lenses of zinc-copper mineralisation have been defined within at least two, possibly three, horizons. The deposit also contains gold and silver.
Diamond drill hole BMZ79 intersected the highest zinc interval at the project to date with 1.71 metres at 51.9 per cent zinc, 1.49 per cent copper, 0.05 per cent lead, 0.85g/t gold, and 31.9g/t silver from 414.65 metres.
An interval of 7.47 metres at 25.55 per cent zinc, 0.87 per cent copper, 0.68g/t gold and 17g/t silver from 412.81 metres was also intersected.
A second zone of zinc mineralisation from the same hole, however, from 450 metres, included 10.96 metres at 3.11 per cent zinc, 0.47 per cent copper and 0.27 per cent lead.
These intervals are 50 metres above the high-grade mineralisation intersected by diamond drill hole BMZ78 that was drilling in 2018.
This extends the zone of high-grade mineralisation within the main mineralised horizon. Interesting anomalies of gold and silver were also intersected.
Platina is currently down 4.76 per cent with shares trading for 2 cents apiece at 1:39 pm AEDT.