Ivanhoe Mines Ltd. (TSX:IVN) announced that it intersected mineralization containing 4.51 grams per tonne (g/t) platinum, palladium, rhodium and gold (4PGE) over 90.64 meters at a cut off of 1 g/t platinum, palladium and rhodium (3PE) at the Flatreef discovery, located at the company’s South Africa-based Platreef project.
As quoted in the press release:
The 90.64-metre intersection in Hole TMT006 also includes:
- a 40.79-metre (134-foot) section grading 6.88 grams per tonne 4PGE at a 3g/t 3PE cut-off;
- additional nickel and copper mineralization grading 0.37% nickel and 0.20% copper, plus a platinum-to-palladium ratio of approximately 1 to 1, over the entire 90-metre intersection.
Robert Friedland, executive chairman of Ivanhoe Mines, commented:
This is an extraordinary drill hole. The 90-metre thickness of the intercept, which roughly is the same height as a 30-storey building, is unprecedented at Flatreef and I believe it also is without precedent in an underground platinum discovery in South Africa.
The scale of the mineralized intercept has obvious implications for the contained PGMs and base metals in the open-ended Flatreef poly-metallic discovery. The combined grade and thickness of the PGMs and base metals mineralization seen in this hole far exceeds anything we’ve previously encountered in all of our years of delineating resources on our Platreef Project.