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- Podium Minerals’ (POD) recent assay results from the Parks Reef Exploration Target reportedly exceed its expectations
- The company received further assay results from two reverse circulation holes completed as part of its stage ten drilling program within the Parks Reef project in WA
- The assays returned a 100 per cent success rate at intersecting platinum group metals reef, with results above or in line with projected orebody widths and grade
- Each of the intercepts unearthed in stage ten will be tested for rhodium, iridium, and base metals to support a PGM resource upgrade, while drilling continues at the expanded target
- Podium Minerals last traded at 29 cents on June 28
Podium Minerals’ (POD) recent assay results from the Parks Reef Exploration Target have reportedly exceeded its expectations.
The company received further assay results from two reverse circulation holes completed as part of its stage ten exploration drilling program within the Parks Reef project in Western Australia.
The drilling highlighted intersections such as 13 metres at 1.49 grams of platinum group metals (PGM) per tonne (g/t) from 207 metres, including two metres at 5.05 g/t PGM from 212 metres, with 3.46 g/t platinum, 1.57 g/t palladium and 0.02 g/t gold.
Podium said the current assays displayed a 100 per cent success rate at intersecting PGM reef, with results either above or in line with projected orebody widths and grade.
Podium Head of Geology Mark Fleming said the results from stage ten have continued to generate excitement as they confirm the company’s expectation that both the grade and thickness of the reef extends at depth.
“From a geological perspective, the location of the reef hosted within the ultramafic rocks adjacent to the contact between the ultramafics and the stratigraphically younger mafic volcanics shows no sign of diminishing,” Mark Fleming said.
Each of the intercepts unearthed during stage ten will now be tested for the presence of rhodium, iridium, and base metals to support Podium’s PGM resource upgrade.
Drilling will continue across the expanded target across 50 holes, which is expected to be completed in early July.
Podium Minerals last traded at 29 cents on June 28.
