https://www.miningweekly.com

PTM resumes drilling at Waterberg

26th January 2023

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Canada-headquartered Platinum Group Metals (PTM) has confirmed that infill drilling is once again under way at the Waterberg palladium project site, in South Africa’s Bushveld Complex, after six of 16 boreholes were completed before the festive season break.

The completed borehole drill cores were sent to Intertek Genalysis Minerals, in Australia, for assay, returning intercepts of 4 m of palladium grading 4.33 g/t from 174 m and 3.5 m of palladium grading 1.91 g/t from 138 m.

The infill drill programme is targeting near-surface, inferred and indicated mineral resource blocks that have good potential for conversion to higher confidence levels and possibly additional tonnage for inclusion in early mine plans. PTM ultimately aims to reduce early capital expenditure requirements and the time to first mining.

PTM president and CEO Frank Hallam says the results of the drilling meet or exceed his expectations and are consistent with the company’s modelled mineral resources. “The shallow, thick and high-grade intercepts confirm the impressive nature of the Waterberg deposit.

“Our geologists will use the results of the drill programme to update the resource estimate on the project, which project engineers will then use to optimise the mine plan and development schedule,” he explains.

Waterberg is expected to be a fully mechanised, shallow, decline access platinum, palladium, rhodium and gold mine and one of the largest underground platinum group metal mines globally.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.84s - 110pq - 2rq
Subscribe Now