REPEAT - Major Precious Metals Completes Skaergaard Site Visit

Nachrichtenquelle: globenewswire
21.09.2020, 14:30  |  424   |   |   

VANCOUVER, British Columbia, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Major Precious Metals Corp. ("Major Precious Metals" or the “Company”) (CSE:SIZE | OTC:SIZYF | FRANKFURT:3EZ) is pleased to announce that RPA Inc. (“RPA”) now a part of SLR Consulting Inc. (“SLR”) completed its site visit of the Skaergaard Property (“Skaergaard”) in Greenland on September 9, 2020.

Jack Lunnon, CGeol, EurGeol, RPA Consultant Geologist (SLR) and an Independent Qualified Person as defined in NI 43-101, undertook the site visit to Skaergaard following completion of Icelandic COVID-19 quarantine protocols. Skaergaard exploration licences 2007/01 and 2012/25 were visited, which includes the Skaergaard Intrusion, and Södalen camp and airstrip (Figure 1). Mr. Lunnon reviewed selected drill core stored on site from previous drilling campaigns (Figure 2) and noted that core boxes containing mineralized samples had been transferred to secure core storage facilities in Reykjavik, Iceland and Brisbane, Australia. In addition, Mr. Lunnon reviewed the lower elevation areas of the exploration licences near the coastline both from the ground and from the air to assess the area’s potential for future exploration and mining infrastructure.

As part of his site visit, Mr. Lunnon also examined diamond drill core from the 2011 Platina Resources Ltd. (“Platina”) drilling program located in a secure storage facility in Reykjavik, Iceland and randomly selected 3 metre-long half core samples as Independent Witness (IW) check samples. These check samples were sent via courier to ALS Global, an independent laboratory based in Loughrea, County Galway, Ireland for sample preparation and analysis. The IW check assay results indicate that the gold, palladium, and platinum grades are consistent with the historical assay values from the 2011 Platina drilling program.

As part of the next phase of work, RPA plans to check sample the remaining 2011 Platina half-core samples stored in Reykjavik, Iceland as part of its independent data verification and Quality Assurance and Quality Control (QAQC) procedures for the upcoming Mineral Resource Estimate for Skaergaard.

The closing of the Skaergaard acquisition still only remains subject to the approval of the Canadian Securities Exchange (“CSE”) and the Company is working diligently to expedite this process. Major Precious Metals continues to work with RPA to advance to the next stage of development including a Mineral Resource Estimate, which will form the basis of a Preliminary Economic Assessment (PEA) for the Skaergaard Property.

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