Prime Meridian Resources Corp. Announces Airborne Geophysical Survey at Kelly PGM- Cu-Ni Project
Prime Meridian Resources Corp. Announces
Airborne Geophysical Survey at Kelly PGM-
Cu-Ni Project
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2021) -
Prime Meridian Resources
Corp.
(TSXV: PMR) ("
PMR
" or the "
Company
") announces that it will commence a helicopter-borne
time-domain electromagnetic (HTDEM) and magnetic survey over the Kelly PGM-Cu-Ni Project, which is
strategically located 20 kilometres east of the Sudbury basin.
The Company has retained Simcoe Geoscience Limited to complete a high-resolution Triaxial Airborne
Magnetic and Helicopter Time Domain EM (HTDEM) survey on the Project. The survey is planned to
consist of 300 line-kilometres at 100-metre spacing across the entire 2,418-hectare property
(Figure 1)
.
Following the completion of the airborne geophysical survey, the Company intends to organize a ground-
based geophysical survey over areas of interest, including an induced polarization (IP) survey over the
Main Zone, and other priority targets which may be identified by the upcoming airborne survey.
Figure 1. Kelly PGM Project - Property
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5386/98104_8a69d59d8449abf8_001full.jpg
About the Kelly Project
The Sudbury Basin of Northern Ontario, has historically been one of the world's most prolific copper,
nickel and PGM mining camps but the outlying areas have been generally underexplored.
The Kelly Project consists of 2,418 hectares located approximately 20 kilometres directly east of the
Sudbury Basin and is host to regionally anomalous palladium (Pd), platinum (Pt), copper (Cu), nickel
(Ni), and gold (Au) values, associated with sulphides hosted by rocks of the Nipissing Diabase.
At the Kelly Project, platinum-group metals (Pt, Pd), Au, and Cu-Ni sulphide (chalcopyrite, pyrrhotite and
pentlandite) occur primarily as disseminations and blebs within medium grained, relatively homogenous
hypersthene-bearing gabbroic rocks of the Nipissing Diabase. The main sulphide showing is exposed
over approximately 1,500 square metres, with several sulphide showings within several hundred metres
of the main showing.
(1,2)
Mineralization at the Kelly Project appears to be confined to a massive, hypersthene-bearing gabbro unit
that extends for at least 1,000 metres along the northern edge of the Kukagami Lake Intrusion. This
massive gabbro unit dips southward at about 40 degrees with the mineralized regions occurring
between 50 and 100 m above the basal contact. Numerous palladium, platinum, copper, and nickel
geochem anomalies have been outlined along with numerous high priority IP anomalies, and remain
largely untested.
(1,2)
The highest recorded historical grab samples on the Kelly PGM-Cu-Ni Project are:
5.86 g/t 3E
(4.16 g/t
Pd, 1.10 g/t Pt, 0.6g/t Au),
5.1 g/t 3E
(4.37g/t Pd, 0.46g/t Pt, 0.27g/t Au) 0.82% Cu and 0.46% Ni and
4.5 g/t 3E
(3.76 g/t Pd, 0.47g/t Pt, 0.27g/t Au) 0.72% Cu and 0.27% Ni.
(1) *
* Note: 3E = Pt + Pd + Au. The reader is cautioned that grab rock samples are selective by nature and
may not represent the true grade or style of mineralization on the Property.
Qualified Person
The technical contents of this release were approved by Case Lewis, P.Geo., a Qualified Person as
defined by National Instrument 43-101.
References
(1)
Jobin-Bevans, S., 1999. Work Report: Phase 1, Kelly Property (Kukagami Lake Intrusion), Kelly
Township, Sudbury Mining District, Ontario, Prepared for Goldwright Exploration Inc. AFRI ID
41I15SE2006.
(2)
Jobin-Bevans, S., 1999. Work Report: Phase 5, Kelly Property (Kukagami Lake Intrusion), Kelly
Township, Sudbury Mining District, Ontario, Prepared for Goldwright Exploration Inc. AFRI ID
41I15SE2030.
On behalf of the Board of Directors of
Prime Meridian Resources Corp.
"Brian Leeners"
Brian Leeners, CEO & Director
The TSX Venture Exchange has neither approved or disapproved the contents of this press release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/98104