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28/02/2024
Mining News

Mining Company Unearths Significant High-Grade Copper and Nickel Reserves

Stillwater Critical Minerals Corp.has announced in a press release that it has an update related to its drilling program on the Stillwater West property. The property is located in Montana and hosts nickel-platinum-group-element-copper-cobalt deposits.

According to the company, this program was intended to follow up on previous discoveries on the Chrome Mountain deposit and included six drill holes that intercepted new mineralization on the property. Drill hole CM2021-05 also referred to as N1 in the report, returned a grade of 2.89% nickel equivalent (NiEq) over 400.8m at a depth of 37.6m. The drill program found nickel and copper sulfide in the mineralized structures, which have been named the “N series.”

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The company estimates that this mineralization is part of a larger system of high-grade structures that intersect with previously known mineralization structures, such as the Platreef-style mineralization on the property. Stillwater Critical is planning an expanded drill program for 2024, focusing on the newly identified mineralization structures for the Stillwater West project.

The CEO and President of Stillwater, Michael Rowley, commented, “We continue to advance new sulfide-rich discoveries at our flagship Stillwater West project as we apply geologic models from South Africa’s giant polymetallic nickel sulfide mines to similar geology at our Stillwater West project. Recent work is identifying additional styles of mineralization, and we look forward to expanding further on these exciting developments as they advance.”

 

Source: StreetWise Report

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