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ASX ANNOUNCEMENT
ASX Codes: PUA, PUAOD
26 October 2022
Platinum-Palladium Horizons Intersected at Rixon Confirming Copper-Nickel-PGE Fertility
Highlights •
At Lady Alma, visible, weak, disseminated mineralisation was logged in GRRC005 over 150m (chalcopyrite within anomalous nickel-sulphur horizons). Key copper intersections: o from 34m, 3m at 0.61% Cu, including 1m @ 1.14% Cu; and o from 214m, 1m at 1.06% Cu
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Elevated Platinum and Palladium were intersected for the first time within the project area at Rixon, indicating a Copper-Nickel-PGE system. Key intersections: o GRRC004 intersected 1m at 0.82g/t 3E (Pt+Pd+Au), 0.54% Cu and 0.10% Co; and o GRRC006 intersected 15m at 0.29 g/t 3E (Pt+Pd+Au), including 4m at 0.52g/t 3E from 345m to end of hole
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At Target B, multiple zones of disseminated sulphides were logged and associated with elevated sulphur, from 364m GRRC002 intersected 8m at 0.7g/t Au, including 4m at 1.1g/t Au
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The RC program confirmed multiple zones of anomalous sulphides at Lady Alma and Target B and identified Pt and Pd at Rixon
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Peak is a successful applicant in the Exploration Incentive Scheme and has been awarded a $180,000 grant to test EM anomalies identified at Copper Hills and its relationship to Rixon
Figure 1. 4m of visible chalcopyrite from 34m to 39m in GRRC005. Peak Minerals Limited Registered Office: Level 1, Suite 23, 513 Hay St, Subiaco WA 6008 Email: admin@peakminerals.com.au ACN: 072 692 365 www.peakminerals.com.au