Progressive Planet Solutions Inc (CVE:PLAN), a low-carbon cement products company, revealed additional results on Wednesday from its soil geochemical and outcrop sampling program at its precious metal and natural pozzolan property in Heffley Creek, in British Columbia.
Canada's largest cement producer originally optioned the Heffley Creek property for its potential as a source of alumino-silicates. In 1998, it did major work on the property to define the “quality and quantity” of alumino-silicates. The company has data access to geological mapping, topographical mapping, grab sample analysis, drill program, and alumino-silicate reserve calculations.
Currently, sample results include nickel values as high as 3,330 parts per million (ppm) nickel. A total of 190 soil samples have been collected to date. PLAN has received results for 109 samples with 56% of the samples returning values above 300 ppm nickel, while 19% returned values above 1,000 ppm nickel, and 6% returned values as high as 2,000 ppm nickel.
The soil survey has defined a nickel-in-soil anomaly, greater than 300 ppm nickel, for a strike length of just over 500 metres, said the company. The nickel-in-soil anomaly is open along strike to the south and north, plus uphill to the east.
"I am very pleased with the strike length, the consistency and the grade of the nickel over the entire soil anomaly," said Dwayne Melrose, director and technical advisor for Progressive Planet.
"PLAN will continue to extend the soil sampling along strike to the north and south and to the east of the nickel soil anomaly. In addition, we will begin rock sampling in the area of interest to locate a potential bedrock source."
Progressive Planet CEO Steve Harpur said the company’s soil assays have now been “broadened” to systematically test the soil for nickel along with other precious metals.
“Additional samples of soil and outcrop in the defined nickel-in-soil anomaly have been placed on a rushed testing schedule and we anticipate that our soil geochemistry testing program will continue into the Fall of 2020 until the weather prohibits soil sampling,” said Harpur.
“With the announcement on July 30 that we had increased our optioned area from 20 claims to 69 claims, we have significantly more ground to explore before winter."
Shares of PLAN rose 70% to reach nearly C$0.09 on Wednesday afternoon.
Contact the author Uttara Choudhury at firstname.lastname@example.org
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