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Playfair (TSXV:PLY) updates ongoing drilling program at RKV Copper Project, Norway

Mining
TSXV:PLY
25 January 2022 13:00 (EDT)

Playfair (PLY) announced plans to continue drilling at its RKV Copper Project in South Central Norway.

In an abbreviated program, shortened by Covid-19 and logistical issues, a total of 539.7 metres was drilled in 11 holes.

In 2022 a total of 26 holes are planned for a total of 1,300 metres.

Drilling will be completed at Storboren and the Røstvangen, Kletten and Sæterfjellet high MMI copper targets also will be drilled. The order of drilling will be dictated by logistics.

The Municipality of Tynset has given Playfair permission to access the drill areas by helicopter.

The logistics and schedule of drilling in several of the target areas will be eased by the use of a helicopter.

All seven drill targets, as noted in the maps, show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb.

The highest value recorded was 53,300 ppb MMI Cu. A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu “are likely to be associated with weathering copper sulphides”.

In keeping with Playfair’s goal to minimize the environmental impact of its exploration, Playfair is using a lightweight drilling machine that can be disassembled and hand-carried to the drill sites.

Although lightweight the drill is capable of drilling to 150m depth using BQ-sized rods and to 100m depth using NQ-sized rods.

Four holes were drilled at Rødalen and all were collared on a steep slope. A previously unknown amphibolite with sulphide mineralization was discovered though the unit showed no significant copper or cobalt values.

Results from the partially completed drill program at the Storboren High Copper MMI anomaly indicate the bedrock source of the copper is located upslope from the seven holes drilled in 2021. 

ALS Minerals is internationally recognized as the global leader in providing geochemical sample preparation, analytical procedures, and data management solutions, with its European hub lab based in Loughrea, Co. Galway.

The entire sample is crushed to 70 per cent passing -2 mm and a riffle split of 250 grams is taken and pulverized to better than 85 per cent passing 75 microns (PUL-31).

Samples are analyzed by multi-acid digestion/ICP-MS Package for 48 Elements.

Additionally, samples are analyzed for Au, Pt and Pd using a standard fire assay from a 30-gram pulp (PGM-ICP23).

Playfair’s (PLY) is down 4.76 per cent, trading at C$0.10 at 9:39 am EST.

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