Idaho receives Picket Pin sampling results
Idaho Consolidated Metals Corp IDO
Shares issued 29,294,399 Oct 27 close $0.55
Mon 30 Oct 2000 News Release
Mr. Wilf Struck reports
Idaho Consolidated Metals has received its results from a surface sampling
program targeted on the eastern portion of the Picket Pin horizon, a
20-kilometre-long PGM-bearing horizon that runs parallel to and north of
the J-M reef in the Stillwater complex of Montana.
The samples were collected from exposures over a six-kilometre length on
the eastern part of Picket Pin. Historic information indicates the Picket
Pin horizon is as wide as 10 metres in some sections. Mineralization is
associated with sulphide-rich lenses in the footwall of the zone directly
below a troctolitic unit.
"The airborne geophysical work conducted this summer was very effective in
delineating the zone and, in fact, extended the zone easterly an additional
two miles beneath gravel and paleozoic cover," said Wilf Struck,
vice-president, exploration. Mr. Struck also noted that the airborne work
revealed two large conductors south of the Picket Pin zone that will be
followed up at a later date.
At a cutoff grade of 0.2 of a gram per tonne of combined PGMs, 20 chip
samples returned values ranging from 0.214 to 4.568 grams per tonne
combined PGMs. The average value of all the samples was 1.73 grams.
Highlights from the program are listed in the table below.
The combined values include assays for platinum, palladium and rhodium. For
example, the 4.568-g/t sample consisted of 1,955 grams of platinum, 2,520
grams of palladium and 0.093 of a gram of rhodium. A 3.663-g/t sample
yielded 1.130 grams of platinum, 2.440 grams of palladium and 0.093 of a
gram of rhodium. Assays were conducted by Chemex Labs and Bondar Clegg.
Surface sampling will continue on portions of Idaho's 30,000-acre
Stillwater complex property until winter intervenes. Only about 30 per cent
of the property has been systematically sampled to date.
Highlights from the latest sample program are as follows:
Sample Pt Pd Rh Pt+Pd+Rh
(g/t) (g/t) (g/t) (g/t)
1110
4-6' chip 1.955 2.520 0.093 4.568
1105
5-6' chip 1.130 2.440 0.093 3.663
1128
5' chip 1.915 1.440 0.093 3.448
1011 chip,
gossanous
rubble 1.565 1.475 0.000 3.040
1111
3' chip 1.120 1.180 0.000 2.300
1118
6' chip 1.450 0.816 0.000 2.266
1127
3' chip 1.265 0.902 0.093 2.260
1120
3' chip 1.130 0.978 0.000 2.108
1123
2' chip 0.610 1.310 0.000 1.920
1124
5' chip 0.770 1.010 0.000 1.780
1119
5' chip 0.885 0.622 0.000 1.507
1126
5' chip 0.430 0.790 0.000 1.220 |
