Prime Meridian Resources Corp. Announces Airborne Geophysical Survey at Kelly PGM-Cu-Ni Project

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.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5386/98104_8a69d59d8449abf8_001.jpg

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
ir@primemeridianresources.com

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

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Gold bar, stock numbers and "Weekly Editor's Picks" text overlay.

Editor's Picks: Gold Price Touches US$3,500 in Volatile Week, M&A Heats Up

It was quite a week for the gold price.

The yellow metal continued its record-breaking streak early in the period, touching the US$3,500 per ounce level for the first time, but then saw a sharp pullback, even dropping briefly below US$3,300.

What's behind gold's latest moves? Market watchers have pointed to US President Donald Trump's comments about Federal Reserve Chair Jerome Powell as the trigger for its latest spike.

Keep reading...Show less
AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 25, 2025 (the "Meeting"), the eleven candidates listed in the management information circular dated March 24, 2025 were duly elected as directors of Agnico Eagle.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 25, 2025 (the "Meeting"), the eleven candidates listed in the management information circular dated March 24, 2025 were duly elected as directors of Agnico Eagle.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Freeport First-Quarter 2025 Financial and Operating Results Release Available on Its Website

Freeport (NYSE: FCX) today announced that it has posted its first-quarter 2025 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423627211/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×