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Future Metals confirms broad widths of mineralisation with historic drillhole sampling review

Published: 09:27 22 Apr 2022 AEST

Future Metals NL -

Future Metals NL (ASX:FME, AIM:FME) has interpreted further shallow, wide platinum group metal (PGM) assay results from historical drill hole sampling of the wholly owned Panton PGM Project in northern Western Australia.

The company has received results from 11 more historical, previously unsampled drill holes which continue to confirm that PGM mineralisation at Panton exceeds 50 metres in width along the drilled 3.5 kilometres of strike.

Intercepts of note – represented in palladium equivalent (PdEq3), and combined platinum, palladium, and gold (PGM3E2) – include:

  • 12 metres at 1.41 g/t palladium equivalent (0.94 g/t platinum, palladium, and gold, and 0.22% nickel) from 142 metres;
  • 55.3 metres at 1.70 g/t PdEq3 (1.26 g/t PGM3E2 and 0.22% nickel) from 78 metres, including 7.5 metres at 4.11 g/t PdEq3 from 80.5 metres;
  • 62.9 metres at 1.22 g/t PdEq3 (0.80 g/t PGM3E2 and 0.18% nickel) from 27 metres, including 7.35 metres at 2.75 g/t PdEq3 from 51.65 metres;
  • 86 metres at 1.16 g/t PdEq3 (0.74 g/t PGM3E2 and 0.18% nickel) from 33 metres;
  • 52.5 metres at 1.13 g/t PdEq3 (0.69 g/t PGM3E2 and 0.17% nickel) from 43.2 metres;
  • 48.4 metres at 1.22 g/t PdEq3 (0.78 g/t PGM3E2 and 0.19% nickel) from 33 metres;
  • 60.5 metres at 1.15 g/t PdEq3 (0.70 g/t PGM3E2 and 0.18% nickel) from 2.2 metres, including 4.9 metres at 2.56 g/t PdEq3 from 17.1 metres;
  • 56.5 metres at 1.18 g/t PdEq3 (0.73 g/t PGM3E2 and 0.19% nickel) from 6.5 metres; and
  • 93.1 metres at 0.94 g/t PdEq3 (0.51 g/t PGM3E2 and 0.17% nickel) from 56 metres.

Historical sampling survey pays dividends

“Prior owners of Panton were solely focused on the chromite reefs which meant large portions of the core went unsampled,” Future Metals CEO Jardee Kininmonth said.

“Given the company’s focus on proving the bulk tonnage potential of the project, we made the decision to sample these historical drill holes to increase the data points to feed into the new resource.

“We’re pleased that this decision has been proven worthwhile, with all holes providing further evidence of the mineralisation sitting outside the high-grade chromite reefs.”

Future Metals says an updated JORC mineral resource estimate is still on track for Q2, 2022 completion once assays are received for the remaining 33 outstanding drill holes, including 23 historical drill cores.

Additionally, the company has released a new investor presentation in the form of a video presented by Kininmonth, available on Future’s website.

Watch: Future Metals closes in on new mineral resource estimate with strong historical data and test work

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