Papuan Precious Metals Corp.: CSIRO Study Confirms Doriri Creek Mineralization

- November 21st, 2011

Papuan Precious Metals Corp. (TSXV:PAU,OTCQX:PAUFF) announced it has received the final report for the Doriri Creek nickel-palladium-platinum prospect.

Papuan Precious Metals Corp. (TSXV:PAU,OTCQX:PAUFF) announced it has received the final report for the Doriri Creek nickel-palladium-platinum prospect.

As quoted in the press release:

The study conducted by CSIRO’s Minerals Down Under Flagships Program, concluded that mineralisation formed as a result of episodic hydrothermal fluids rising through a prominent near-vertical structure. Fluid circulation resulted in nickel concentration. Nickel grades as high as 1.55% in a spot sample from a zone up to ~15m wide and ~500m long were concentrated in chlorite mica and serpentine group minerals and iron oxide mineralogies. The nickel mineralogy is also accompanied by high concentrations of phosphorous minerals, palladium and platinum. Ground held by PPM to the northeast of Doriri Creek is considered prospective for the location of additional Doriri Creek type mineral prospects.

Click here to read the Papuan Precious Metals Corp. (TSXV:PAU) press release.  

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