Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Stillwater (PGE) is reporting elevated rhodium assays from its Stillwater West Project in Montana
  • Highlights include 0.396 g/t Rh over 1.2 m starting at 411.6 m
  • Results demonstrate wide intervals at successively higher grades contained within very wide bulk-tonnage grade intervals and will allow for an update to the October 2021 resource estimate
  • President and CEO Michael Rowley joined Sabrina Cuthbert to add context to the results
  • Stillwater Critical Minerals is a mineral exploration company focused on its flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana’s Stillwater mining district
  • Stillwater (PGE) is up by 2.27 per cent, trading at $0.225 per share at 12 pm ET

Stillwater (PGE) is reporting elevated rhodium assays from its Stillwater West Project in Montana.

The results stem from its 14-hole resource expansion drilling program on the 100-per-cent owned platinum group element, nickel, copper, cobalt and gold property.

Assays demonstrate impressive grade and scale, with wide intervals at successively higher grades contained within very wide bulk-tonnage grade intervals.

Highlight intercepts

  • 0.122 g/t Rh over 7.2 m starting at 304.8 m
  • 0.104 g/t Rh over 8.3 m starting at 252.2 m
  • 0.396 g/t Rh over 1.2 m starting at 411.6 m

The encompassing Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu-Co mineralization. Sibanye-Stillwater, adjacent to Stillwater West, is the U.S.’s primary producer.

The company has delineated five deposits of Platreef-style mineralization across a core 12 km span, all of which are open for expansion into adjacent targets. It is also advancing multiple earlier-stage Platreef-style and reef-type targets based on strong correlations in soil and rock geochemistry, geophysical surveys, geologic mapping, and drilling.

The results will allow for an update to the inaugural October 2021 resource estimate of 1.1 billion pounds of nickel, copper and cobalt, and 2.4 million ounces of palladium, platinum, rhodium and gold.

Rhodium is essential for catalytic converters, fuel cells and green hydrogen. Its spot price sits at more than US$12,000 per ounce, positioning the company to increase shareholder value as a potential U.S. supplier of the critical mineral.

President and CEO Michael Rowley joined Sabrina Cuthbert to add context to the results.

Stillwater Critical Minerals is a mineral exploration company focused on its flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana’s Stillwater mining district.

Stillwater Critical Metals Corp. (PGE) is up by 2.27 per cent, trading at $0.225 per share as of 12 pm EST.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in

" Seahawk Gold Corp. (CSE:SEAG) provides exploration update

Seahawk Gold Corp. (SEAG) has provided an update on recent exploration work on its Touchdown and Blitz Properties.