- PNG Copper (PNGC) released assay results from the final drill hole of its program at the Doriri nickel-palladium-platinum prospect
- Drillhole DOD008 intersected a 14.10 metre (13.35 metre to 27.45 metre) width of nickel-palladium-platinum mineralization grading 0.72 per cent Ni, 455 ppb Pd and 77 ppb Pt
- Best intersection – 10.70 metres of 1.78 per cent Ni, 0.67 g/t PGM in DOD003 from 2.80 metres
- PNG Copper Inc. (PNGC) is trading steady at C$0.05 at 10:45 am ET
PNG Copper (PNGC) released assay results from the final drill hole of its program at the Doriri nickel-palladium-platinum prospect.
Doriri is an accumulation of nickel, palladium, and platinum located at Mt Suckling in southeastern Papua New Guinea. It is a shear zone-hosted oxide-rich deposit, and there is no other documented mineral occurrence with similar geology.
Drillhole DOD008 intersected a 14.10 metre (13.35 metre to 27.45 metres) width of nickel-palladium-platinum mineralization grading 0.72 per cent Ni, 455 ppb Pd and 77 ppb Pt, including a 4.30-metre interval grading 1.17 per cent Ni, 800 ppb Pd and 146 ppb Pt.
Highlights:
- Best intersection – 10.70 metres of 1.78 per cent Ni, 0.67 g/t PGM in DOD003 from 2.80 metres
- All eight holes intersected significant nickel and platinum-palladium
- Airborne and ground magnetics suggests 650 metres of continuation to the east
- Preliminary metallurgy study planned to test for recovery of Ni, Pt, Pd
Interim CEO David Lindley said that the results from DOD008 continue to indicate the presence of encouraging nickel-palladium-platinum-cobalt mineralization at Doriri.
“The mineralization in DOD008 is associated with a long interval of brecciation and rhythmically interlayered nickel-chlorite and magnetite, textures typically found in low-temperature epithermal systems and consistent with Doriri being a truly unique accumulation of metals. Nickel, palladium, platinum and cobalt are all metals of the ‘new economy, belonging to either of the battery, magnet, specialty or critical material categories.”
PNG Copper is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea.
PNG Copper Inc. (PNGC) is trading steady at C$0.05 at 10:45 am ET.
