Major Precious Metals provided an update on first results from its 2021 diamond drilling program at the Skaergaard project in Greenland. To date, the company received assay results for 11 of 32 drill holes of the 8435m program, designed to support and confirm a previous mineral resource estimate. The company notes that the results confirm historical grades and lengths for Pd, Pt, and Au mineralization confined in four main mineralized horizons and may not only upgrade but also expand the mineral resource estimate.
In addition, mineralization was confirmed in five holes in a previously untested area under the glacier and in two holes in the northeastern plateau area that may support potential future open pit development.
The company hopes to soon receive the remaining assay results and aims to continue the economic evaluation of Skaergaard through updating the MRE and moving the project towards a Preliminary Economic Analysis over the coming months.
Skaergaard MRE outline with historic and recent drill collar location (Source: www.sedar.com)
