Vancouver — Denver-based
Solitario’s Santo Amaro prospect is north of the original Pedra Branca area. It has undergone geological mapping, geophysical surveying and trenching. Five holes were drilled into the prospect and all but one intersected PGM mineralization. Solitario is now planning a phase-3 drill campaign to test several undrilled prospects, as well as further define and expand known areas of mineralization.
“Solitario’s exploration of the Pedra Branca property is producing the results we hoped for,” says Chief Executive Officer Chris Herald. “Using a new strategy, we have identified and drill-tested previously unrecognized targets and believe that newly emerging prospects should give similar results.”
Results from the drill program are as follows:
– Holes 1, 2 and 5 tested a northwest-trending zone of surface mineralization with holes spaced 60-70 metres apart and along strike. Hole 1 cut 29.5 metres grading 0.67 gram platinum and 1.14 grams palladium per tonne starting at a down-hole depth of 11 metres. This interval included a 5-metre section that averaged 1.98 grams platinum and 1.77 grams palladium.
– Hole 2 intersected 39.1 metres grading 0.69 gram platinum and 0.86 gram palladium starting at 1.8 metres down-hole, including 12.4 metres of 1.15 grams platinum and 1.51 grams palladium. This was followed by another, 39.1-metre interval, which assayed 0.5 gram platinum and 0.75 gram palladium starting at 62.7 metres down-hole.
– Hole 4 was collared 270 metres northwest of hole 1. It intersected 11.1 metres grading 0.8 gram platinum and 0.59 gram palladium starting at 40.4 metres down-hole.
– Hole 5 cut two intervals. The first intersected 0.55 metre of 0.78 gram platinum and 3.29 grams palladium near surface; the second, 2.2 metres grading 1 gram platinum and 2.21 grams palladium starting at 46.7 metres down-hole.
The Cedro area hosts at least six prospects within a zone that measures 2.5 by 1 km long. These prospects are 14 km north of the Trapia area and 3 km west of the extensively drilled Esparro deposit. Two holes were drilled at Cedro-1. The first hole, CD-9, intersected 2 metres grading 1.77 grams platinum and 8.34 grams palladium starting at a down-hole depth of 13 metres. This was followed by a 6-metre interval that assayed 0.37 gram platinum and 0.72 gram palladium starting at 30 metres down-hole.
Drill hole CD-10 was collared 65 metres from hole CD-9 and cut only anomalous values of platinum and palladium mineralization. A single hole drilled at the Cedro-4 prospect, number CD-8, also only intersected anomalous PGM mineralization.
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