Peako Limited Announces Further Drill Assays from Its Phase 1 Reverse CirculationDrill Program At Its 100% Owned Eastman PGE Project
prospects continue to provide indicators of highly encouraging PGE endowment of the Eastman intrusion and build on results from The Gap, Euston, Louisa, Grand Central, Brumby and Waterloo prospects, announced to the market earlier this month. The new results from Blackadder and Longhorn have substantially extended the strike of the mineralised zone and significant intercepts include: 5m @1.09 g/t PdEq (0.70 g/t 3E) from 11m (PRC0057); 4m @ 0.73 g/t PdEq (0.5 g/t 3E) from 100m (PRC0058); 2m @ 0.99 g/t PdEq (0.78 g/t 3E) from 6m (PRC0060) and 3m @ 1.13 g/t PdEq (0.77 g/t 3E) from 82m (PRC0061). Peako's 2022 Phase 1 reconnaissance drill program was designed as a first-pass test of PGE
endowment across the ultramafic stratigraphy along the complete 16.5km strike of the Eastman Intrusive Complex.