ART OF RALLY PLATINUM UPDATE

These include deposits located at Nizhny-Tagil in Russia and Onverwacht in South Africa. The Fifield Platinum Province contains mineralisation that appears analogous to Alaskan-type ultramafic systems, often hosting extensive platinum group element (PGE) mineralization, including platinum (Pt), palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru). A number of studies over previous decades have proposed that the alluvial leads within the Fifield area may have originated from the platinum within the Tout Intrusive Complex. Within the Fifield Platinum Province approximately 20,000 oz of platinum, with accessory gold, has been mined from three buried channels radiating out from the Fifield township. In more recent years, small scale platinum mining took place in alluvial leads and gravels. In the late 19th century Fifield was the world’s largest source of platinum and the site of the only primary platinum mine in Australia. This has resulted in two zones of higher-grade accumulation – one in the east and one in the west – separated by a paleochannel, assumed to be comprised of mostly barren sediment. As shown by the drill intersections cited above, while the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope.Ĭurrent interpretations of platinum distributions across the laterite suggest that the higher-grade accumulations have formed above one or more primary platinum sources within the underlying dunite. Of this total resource, approximately 90% (metal content) is in the measured and indicated categories. The Sunrise laterite hosts a significant resource of 103.1 Mt 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. The laterite is the product of weathering and decomposition of one or more dunite pipes, resulting in the gradual concentration of metals near surface. The surface expression of this magmatic system is a nickel-cobalt-scandium bearing laterite that forms the ore reserve 3 for the Sunrise Project. The core of the intrusive body is a dunitic, olivine-rich igneous rock of ultramafic composition, exhibiting a coarse-grained texture and surrounded by pyroxenite and gabbro. The Sunrise Project is located approximately 5km northwest of Fifield, at the eastern end of an intrusion known as the Tout Intrusive Complex.

ART OF RALLY PLATINUM UPDATE

14, 2020 (GLOBE NEWSWIRE) - Co-Chairman, Robert Friedland, and CEO, Sam Riggall, of Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ OTCQX:CTEQF) provide the following update on the Company’s platinum development activities at the Company’s wholly owned Sunrise Project in NSW, Australia.ĮXISTING PLATINUM RESOURCE – OVER 1Moz DEFINED

O 1m (from 23m) 4.2g/t Pt, 0.15% Ni and 0.01% Co, for 4.2 g.m Pt (SRC1261)Īll holes were drilled using reverse circulation rigs and no assays were undertaken for other PGEs in these drill samples. Of these, significant historic downhole intersections include 2: While the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope.Īn area of high-grade platinum mineralisation has been defined within the Sunrise laterite resource, forming a newly-classified Phoenix Platinum Zone.ĭespite extensive drilling over previous decades, only a handful of holes have been drilled beneath the Sunrise laterite.

The Sunrise laterite hosts a significant platinum resource 1 of 103.1 Mt 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. The program is aiming to intersect the dunite structures at depth (targeting 400-600m below surface) which are proposed to be the source of the platinum in the Sunrise laterite at surface. Proposed drill hole locations to test the geological interpretation of the dunite pipe structures Proposed drill hole locations to test the geological interpretation of the dunite pipe structuresĪ photo accompanying this announcement is available at Ī drill rig mobilised to Sunrise Project site has commenced a six-hole diamond core drill program.

Art of rally platinum