Playfair Continues Modern Exploration of RKV Cu-Co-Ni Project in Norway
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NR-2020-05
Playfair Continues Modern Exploration of RKV Cu-Co-Ni Project in Norway
Playfair Mining’s 100% owned RKV copper-cobalt-nickel project currently encompasses 330 square kilometers
in a historic mining area about 100 km south of Trondheim by road. Two historic copper mines, Kvikne and
Rostvangen, a drilled nickel -copper deposit, Vakkerlien, and over 20 known mineral occurrences mapped and
sampled by the Norwegian Geological Survey (NGU) together with an extensive digital database formed the
initial impetus for exploration in the area.
Playfair has defined a 40 km long highly prospective
mineralized trend characterized by historic mines,
numerous mineral showings, favorable geology,
geophysical anomalies, Windfall Geotek CARDS
targets and high MMI geochemical responses.
Playfair’s exploration of the RKV Project in 2019 proved
that the powerful combination of CARDS AI and MMI
geochemistry is exceptionally efficient in discovering
previously unknown strong targets in an area which has
been explored for almost 400 years. Playfair has
therefore contracted Windfall Geotek to evalua te
additional property at the RKV Project using its
proprietary CARDS platform. MMI geochemical surveys
will then evaluate any new CARDS targets.
Geologically the mineralized trend contains quartz-mica
pelitic schist, amphibolite, stratiform pyrite-pyrrhotite,
iron formation , and graphi tic sediment . These rock
types give rise to numerous laterally continuous strong
electromagnetic anomalies, typically 1 to 4 km long
associated with high magnetic anomalies.
To prioritize areas of the trend for further exploration
Playfair contracted Windfall Geotek to evaluate the
project using its proprietary CARDS (Computer Aided
Resources Detection System) platform . CARDS uses
datamining and pattern recognition to identify targets
with a hig h statistical probability of similarity to known
occurrences of economic minerals on the RKV Project.
The targets generated by CARDS at Playfair’s RKV
Project covered less than 1% of the total area
evaluated.
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Twenty-four of the CARDS targets were then evaluated by MMI (Mobile Metal Ion) soil geochemistry, a proven
advanced geochemical exploration technique known to find mineral deposits. SGS Canada Inc. (“SGS”) is the
sole provider of MMI technology. Fifteen of the twenty -four targets yielded MMI values in excess of 50 times
background in one or more of copper, cobalt or nickel. At one target, Storboren, a high value of 48,400ppb MMI
Cu was reported which according to SGS is “one of the highest recorded values of MMI Cu in a soil”.
Follow-up MMI sampling showed the Storboren Copper Anomaly is at least 200m long and 75m wide. It is open
to the NW and SE where no MMI samples have been taken. Many historical mines and deposits in this general
area have significant plunge lengths , for example the Vakkerlien nickel -copper deposit is known to extend at
least 1,200m down-plunge. MMI Cu values as high as 53,300ppb were found in the follow -up sampling. The
Storboren Copper Anomaly now contains 18 values over 6,000ppb MMI Cu. SGS states, regarding values over
6,000ppb MMI Cu, that: “Many if not all of these are likely to be associated with weathering copper sulphides”.
Playfair is funded for this year’s exploration at RKV which is expected to be underway shortly. Initial plans are to
follow-up last year’s results on 14 grids with MMI values over 50 times background in one or more of copper,
cobalt or nickel . At the Storboren Copper Anomaly auger sampling, reconnaissance geological mapping,
prospecting and a tightly magnetic survey is planned in preparation for drilling.
The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by
National Instrument 43-101.
The road to a cleaner environment includes batteries. Batteries use copper, nickel and cobalt.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore D. Neil Briggs
CEO and Director Director
Phone: 604-377-9220 Phone: 604-562-2578
Email: [email protected] Email: [email protected]
Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair
which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfa ir management.
Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, with out limitations, exploration and
development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and econ omic factors, competitive
factors, general economic conditions, relationships with vendors and str ategic partners, governmental regulation and supervision, seasonality,
technological change, industry practices, and one -time events. Should any one or more of these risks or uncertainties materialize or change, or should
any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.