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Exploration Update – Nordic Copper / Zinc

Sep 10, 2015
• Sulitjelma field program reports up to 0.76% Cu and 0.32% Zn from outcrop and individual mine dump grab sample results of up to 4.4% Cu; 1.7% Zn;
• >10% Pb and, 645g/t Ag
• Joma Copper/Zinc surface float grab sample result– 2.73% Copper, 0.04% Zinc and 41 g/t Ag
• Bergslagen (nickel) and Seimana (gold) program results pending

Drake Resources has recently concluded field programs over Sulitjelma, Joma, Bergslagen and Seimana programs. Salient results of the Sulitjelma and Joma work follows.


Sulitjelma Field Program – Drake / Panoramic JV1
 
• A field checking program was conducted to appraise VTEM anomalism not tested by ground 
• EM and to further appraise specific targets generated from the recently completed VTEM and ground Fixed Loop EM surveys. The objective of the program was to also assess the limits and grades of sulphide outcrop as preparatory work for drilling.
• Selected grab samples (table 1) were also collected from mine dumps of the now closed Bursi, Ny Sulitjelma and Jakobsbakken Mines (fig 3) to support other field observations and characterise the elemental signature associated with regional mineralisation.
• All samples contained Cu/Zn mineralisation and most results support general assumptions regarding copper/zinc distribution and previous production at the Sulitjlema ore field with the exception being sample SJV0016 which recorded >10%Lead and 645g/t Silver (Ag).
• Mr Stirbinskis added “The anomalous lead/silver result is very unusual for the geology of the immediate area, however silver ore was historically mined from an area ~ 7kms to the south.
• We will consider this result in the context of our regional land holding and strategy.

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Source: http://panoramicresources.com/wp-content/sharelink/20150910-drk-exploration-update---nordic-copper-zinc-77775553686668511.pdf

Environmental Officer

Panoramic Resources Ltd is an established Western Australian Nickel Sulphide producer with two profitable, wholly owned and operated underground operations; the Savannah Nickel Project 120kms north of Halls Creek in the Kimberley, and the Lanfranchi Nickel Project 42kms south of Kambalda.