JOHANNESBURG (miningweekly.com) – The exploration programme on the JSE-listed Bauba Platinum’s Bushveld Complex prospects had progressed well in the northern cluster after poorer-than-expected results in the central cluster, Bauba Platinum CEO Syd Caddy said on Thursday.
Bauba, formerly Absolute Holdings, drilled 4 570 m in the six months to December 31 and 2 257 m more in the past two months.
“Our focus will now be concentrated on the northern cluster where we remain excited about the potential to define a mineral resource, albeit at a very early stage,” Caddy said in a media release.
He said that pleasing assay results had been obtained on the first northern cluster borehole, indicating three platinum-group elements as well as gold at grades of 6.15 g/t across a width of 3.90 m on the Merensky reef; on the upper group two reef, a higher grade of 6.25 g/t across a width of 1.20 m was revealed.
Caddy reported that the drilling of borehole two would likely be completed by the end of March with the results available by the end of April.
The results from borehole three drilling were expected by the end of the second quarter of this year, he added.