Magma Metals drills PGEs at Thunder Bay

Drill holes by Australian junior Magma Metals (MMB-A) have confirmed mineralization at depth on its Thunder Bay North project in north-central Ontario.

Assays from two holes returned grades in copper, nickel and platinum group elements. The project is about 50 km northeast of Thunder Bay, east of the Thunder Bay-Armstrong highway that passes the Lac des les mine of North American Palladium (PDL-T, PAL-X).

The first hole cut a 10.5-metre intersection with grades of 0.45% copper and 0.34% nickel, plus 1.38 grams platinum, 1.31 grams palladium and 0.11 gram gold per tonne. It had tested a magnetic anomaly that proved to be a peridotite intrusion, with 24 metres of disseminated sulphides.

The second hole, about 1 km southeast of the first, intersected a 35-metre zone of disseminated sulphides that proved, on assaying, to have two zones with significant base metal and platinum group mineralization. One interval of 12.7 metres graded 0.05% copper and 0.12% nickel, with 0.23 gram platinum, 0.16 gram palladium and 0.02 gram gold per tonne. The second, an 18.3-metre length near the middle of the disseminated sulphide zone, ran 0.04% copper and 0.12% nickel, plus 0.17 gram platinum, 0.14 gram palladium, and 0.02 gram gold per tonne.

Drilling was scheduled to resume this month.

Print

Be the first to comment on "Magma Metals drills PGEs at Thunder Bay"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close