VANCOUVER, BC, Oct. 29, 2020 /CNW/ - Progressive Planet
Solutions Inc. (TSXV: PLAN) ("PLAN" or "Progressive Planet"), an
emerging leader in the commercialization of natural pozzolans to
reduce the carbon footprint of cement production, is pleased to
announce that it has expanded the confirmed bedrock source for the
nickel in soil anomaly that PLAN reported on August 5 and 17, 2020 on its 100% owned Heffley
Creek Metals and Pozzolan Property in BC. PLAN also
reports multiple samples with anomalous levels of chromium. The
latest sampling has identified a correlation between the
elevated nickel and elevated chromium values.
Based on the soil survey results reported on August 5, 2020 and confirmation of a bedrock
source reported on August 17, 2020,
PLAN continues its systematic rock sampling program to confirm the
soil sample results and to define the limits of the nickel in
bedrock anomaly.
A total of 218 samples have been collected and submitted for
analysis to date. A total of 161 rock sample results have been
received to date. Of the 161 grab samples, 37 (23%) returned
values greater than 0.1% nickel and 10 (6.2%) of those grab samples
returned values greater than 0.2% nickel, with the highest value
being 0.26% nickel. Of the 161 grab samples, 18 (11%) returned
values greater than 0.1% chromium and 5 (3.1%) of those samples
returned values great than 0.2 % chromium with the highest values
being 0.45% chromium. All samples were grab samples and are
not necessarily representative of the mineralization hosted on the
property.
Figure 1 illustrates the anomalous nickel grab samples in an
area ranging from 150 to 350 metres in width and 600 to 800 metres
in length. The anomalous area is still open along strike to
the south into an area of little outcrop. This anomalous
trend is coincident with the previously identified nickel in soil
anomaly reported on August 5,
2020.
Figure 2 illustrates the anomalous chromium grab samples in an
area ranging from 150 to 350 metres in width and 600 to 800 metres
in length. The anomalous area is still open along strike to
the south into an area of little outcrop. A comparison of the
two maps reveals the correlation between the elevated nickel and
chromium values.
The anomalous nickel and chromium grab samples were collected in
altered leuco-gabbro and serpentinite rocks. Further rock sampling
on the property in the area of the nickel in soil anomaly is
currently in progress. There are 2 anomalous nickel –
chromium samples (+ 0.1 % Ni and + 0.1% Cr) 500 metres to the south
along this trend. The area between the 2 anomalous trends
will be sampled in detail in the future, but with the lack of
outcrop in this area and the beginning of snow fall at the high
elevation of the area, this work will commence in the Spring of
2021.
"I am very pleased with the results of outcrop sampling which
consistently confirmed a bedrock source for the nickel in soil
anomaly" indicated Dwayne Melrose,
Director and Technical Advisor for PLAN. "The identified nickel –
chromium anomaly is continually being extended in length, and our
future plans will focus on the area of little outcrop between the
anomalous samples to the south."
"The discovery of anomalous chromium values of up to 0.45% in
conjunction with the nickel values increases the value of the rock.
Stainless steels contain at least 10.5% chromium, so there is a
robust market for nickel and chromium. PLAN continues to accelerate
its exploration program at Heffley Creek for the remainder of 2020.
We will continue sampling bedrock until the snow arrives. We
anticipate drilling this property in 2021 while also obtain bedrock
samples in the 500-meter area between the 800-meter strike length
to the north and the anomalous samples taken in the south." stated
Steve Harpur, CEO.
Analyses were completed by the Metallurgical division of ALS
Canada. Base metal contents were measured by aqua-regia
digestion and analysis on ICP-AES. Dwayne
Melrose, P. GEO, a qualified person for the purposes of
National Instrument 43-101, has reviewed and approved the contents
of this news release.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions
for a livable planet by developing low carbon, pozzolan-based,
cementing products which replace equivalent amounts of Portland
Cement and fly ash in concrete. The production of Portland Cement
is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Zeolite Quarry in
Cache Creek, BC and is earning an
100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in
the Heffley Creek Metals and Natural Pozzolan Property. All three
properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail
access to Canadian and US markets.
Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Progressive Planet Solutions