Prospector Metals Corp. (TSX-V:PPP, OTCQX:ETHOF) announced that prospecting results have identified significant nickel-copper-platinum group elements (PGE) prospects at its Devon project in Ontario.
Some 93 samples were obtained from outcrop and angular boulders ranging from below detection up to 1.125 % copper, 0.53 % nickel, 3.54 grams per ton palladium and platinum, and 0.123 % cobalt.
At the Copper Hill Occurrence, angular boulders returned assays of up to 1.125 % copper, 0.4 % nickel, and 2.35 g/t gold plus platinum plus palladium. Most of the boulders were imbedded in reddish matrix-supported glacial till that was only up to a few meters thick and capped by thin organic soil cover, indicating that the boulders were naturally emplaced within the till, the company said.
These results are encouraging enough to warrant a VTEM (Versatile Time Domain Electromagnetic) survey, which would help to isolate the sulphidic dykes at or near surface and those obscured under cover.
"The first pass sampling results at Devon offer excellent discovery opportunities exhibiting district scale potential for nickel-copper-PGE deposits within mafic and ultramafic dyke systems that appear to be mineralised across the property,” VP of exploration Jo Price said in a statement.
More detailed results can be found here.
Prospector Metals is a Discovery Group company focused on district-scale, early-stage exploration of gold and base metal prospects and creating shareholder value through new discoveries.
The company's focus is to identify underexplored or overlooked mineral districts which display important structural and mineralogical similarities with well-endowed mining camps.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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