AIM-listed URU Metals has confirmed the extension of high-grade nickel, copper, and platinum group metals (PGM) mineralisation beneath the historic open-pit resource at its Zeb Nickel Project in South Africa’s Limpopo province.
Recent assay results from a two-hole drilling programme have revealed thicker, higher-grade mineralised horizons, with the deposit remaining open along strike and at depth.
Notable intercepts include 2.27 metres grading 0.27% nickel, 0.17% copper, and 2.27 g/t platinum-palladium-gold, as well as a 4-metre intersection grading 0.23% nickel, 0.14% copper, and 1.36 g/t platinum-palladium-gold.
The newly tested Zone 2 mineralisation, located beneath the previously mined Zone 1, exhibits geological similarities to major South African deposits such as Ivanhoe Mines' Platreef and Valterra Platinum's Mogalakwena. The drilling confirmed the continuity of mineralisation and validated URU's geological model.
A significant development was the intersection of Zone 3 in one drill hole, revealing semi-massive to massive sulphides with 1 meter grading 0.60% nickel, 0.14% copper, and 0.57 g/t platinum, palladium, and gold. This discovery supports the potential for a large, continuous magmatic system hosting substantial nickel sulphide mineralisation.
“With mineralisation open in multiple directions, and several targets identified from a recent airborne magnetic and gravity survey, we are excited as ever about the growth runway ahead and look forward to updating the market on future exploration plans,” said URU Metals chief executive John Zorbas.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
