Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) joins us for an exploration update and the further resource delineation plans at their flagship Stillwater West Project in Montana. We start off by getting a recap of the recent drill results that came back completing the first pass assays of the 14 drill holes completed in the 2021 exploration program. Mike reminds listeners that none of these holes were included in the resource estimate from last year, and the company will also be assaying them again specifically for their rhodium values and then all of that will be included in an updated resource estimate to be released early next year.
Next we review the sense of scale found at the three targe areas drilled over the last few seasons, at the Chrome Mountain area, potentially connecting the Hybrid and DR zones there, along with promising results that were returned at both the CZ area, and the HGR target at the Iron Mountain area. The reason the company chose a new name, was to reflect the keen interest from the mining industry and US government on locating and extracting critical minerals, aligned well with the robust suite of energy metals found in the Stillwater West Project, such as nickel, copper, and cobalt, in addition to the precious metals of platinum, palladium, rhodium, and gold.
Next Mike pointed out the parallels to the platreef style deposits found in the Bushveld complex in South Africa, as an analog to the type of polymetallic deposit and similar geological events that caused the mineralization. The company has also recently made two personnel hires that are proficient in this type of mineralization that he highlights. Danie Grobler as Vice-President Exploration and Albie Brits as Senior Geologist, where Dr. Grobler and Mr. Brits both have extensive senior level experience from more than two decades of advancing major deposits on the northern limb of the Bushveld Igneous Complex. Their experience will be guiding the new targets and drilling to commence later this year.
If you have any follow up questions for Mike regarding Stillwater Critical Minerals, then please email us at Fleck@kereport.com or Shad@kereport.com.
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