Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins me to review the first tranche of drill result assays from their flagship Stillwater West Ni-PGE-Cu-Co + Au Project in Montana. We dig into what these results mean for the updated geological model that is coming into focus, as well as the value drivers moving forward on their 4 other non-core properties.
With regards to the Stillwater West Project, in 2023 a total of 6 holes totaling 2,310 meters were completed within and outside of the current resource area, west and south of the current DR-Hybrid deposit, as part of a planned multi-phase program. The focus was on expanding recent high-grade discoveries at Chrome Mountain at the west end of the nine-kilometer-long resource area. We get into the parallels between the Stillwater Igneous Complex and the Bushveld Igneous Complex and South Africa’s Platreef district, which hosts very large Ni-Cu-PGE mines that are now in operation by Ivanhoe Mines and Anglo American.
We also discuss some of the new understanding of a second mineralized event on the property producing what have been labeled as the “N series” of sulphide-rich mineralized structures parallel to high-grade nickel sulphide mineralization first discovered by the Company in prior drill holes CM2021-05 and CM2020-04. We also discussed the deep roots under Chrome Mountain as a potential feeder system warranting further follow up drilling in 2024.
Mike also highlighted that the Company has other value drivers being overlooked by the market place at their other 4 non-core properties: The Drayton-Black Lake Gold Project where Heritage Mining (CSE: HML), is under an earn-in agreement, by which they can earn a 90% interest in the project by completing work commitments and making payments of cash and shares to the Company. There has also been some additional exploration work at the Company’s 100%-owned Kluane PGE-Ni-Cu project in Yukon, Canada, funded in part by a Yukon Mineral Exploration Program grant. We also mention the potential for further value drivers at both the Duke Island Project in Alaska and their long-standing Yankee Dundee Project in British Columbia.
If you have any questions for Mike regarding Stillwater Critical Minerals, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Stillwater Critical Minerals at the time of this recording.
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