leadf
logo-loader
viewProgressive Planet Solutions Inc

Progressive Planet reports precious metal results from sampling at its Heffley Creek property

Sampling revealed gold values of 0.16 and 0.05 ppm in the outcrop below the soil, and resampling of the soil horizon resulted in values of 0.28, 0.25 and 0.15 ppm

Gold in rock
The exploration program is being led by Dwayne Melrose, a geoscientist with three decades of international mining experience

Progressive Planet Solutions Inc (CVE:PLAN), a low-carbon cement products company, has received initial results from exploration work at its precious metal and natural pozzolan property in Heffley Creek, British Columbia. 

The company has commenced a systematic soil geochemical and outcrop sampling program, which will focus on precious metals. The program confirmed previously reported samples from February, revealing gold values of 0.16 and 0.05 parts per million (ppm) in the outcrop below the soil, and resampling of the soil horizon resulted in values of 0.28, 0.25 and 0.15 ppm, the company said.

The exploration program is being led by Dwayne Melrose, a geoscientist with three decades of international mining experience in Central Asia, China, Africa, North America and South America. He is the former CEO of True Gold Mining and Gold Reach Resources, the latter of which saw him oversee a positive preliminary economic assessment.

READ: Progressive Planet arranges new credit facilities for up to $300,000 with Bank of Montreal

Melrose also serves as a director and technical advisor of Progressive Planet.

"With a stellar international career, we are pleased to have Dwayne involved as both a director of PLAN as well as his involvement supervising the exploration program at Heffley Creek,” CEO Steve Harpur said in a statement.

“PLAN optioned this property after reviewing prior exploration work completed on the property in 1999 by the largest cement company in Canada," Harpur added. "It was our intention to develop this property as a source of alumino-silicates for use in the production of cementitious products. This is still our intention; however, with the discovery of anomalous gold and nickel in the soil, we also intend to continue testing the soil geochemistry.”

Grab samples within the property resulted in nickel values up to 1,885 ppm, the company said.

"I am very pleased with the initial sampling results to date as they have confirmed the presence of gold and base metals in the bedrock," Melrose said. "I am looking forward to the summer sampling program progressing and receiving more results from the work."

The Vancouver-based company said it is currently undergoing additional soil and outcrop sampling and plans to release results as they are received.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Progressive Planet Solutions Inc

Price: 0.06 CAD

TSX-V:PLAN
Market: TSX-V
Market Cap: $2.28 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Progressive Planet Solutions Inc named herein, including the promotion by the Company of Progressive Planet Solutions Inc in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Progressive Planet expands confirmed Nickel at their Heffley Creek property...

Progressive Planet (CVE: PLAN) CEO Stephen Harpur joined Steve Darling from Proactive Vancouver with news they were able to expand the confirmed bedrock source for the Nickel they found on their 100 percent owner Heffley Creek property in BC. Harpur telling Proactive, so far they have taken a...

3 weeks, 5 days ago

2 min read