Group Ten Metals Inc. (TSX-V:PGE) (OTCQB:PGEZF) (FSE:5D32) is pleased to provide an exploration update from its flagship Stillwater West platinum group element, nickel, copper, cobalt, and gold project in Montana, USA, including the start of an Induced Polarization geophysical survey, arrival of the drill rig and crew, and assay results from geological mapping programs completed in the past weeks at earlier stage targets.
Michael Rowley, President and CEO, commented, “We are pleased to announce the arrival of the drill to Stillwater West for what is expected to be our largest exploration program yet as we target precious and battery metals, including high-grade gold, in a famously productive district. Drilling will focus on the most advanced target areas and will be preceded in each area by an IP geophysical survey that is now underway at the Discovery target. These two exploration methods are expected to form a powerful combination as we expand from known mineralization into untested adjacent targets defined by coincident and high-level soil and conductive anomalies. In addition, we are active with smaller programs at less advanced targets and our first campaign of the year has already returned high-grade precious metals results from the Blakely target, a target that was first announced in May. It is an exciting time for the Company as we are well funded and have permits in place to begin to fully test and expand upon our “Platreef-in-Montana” model, based on known similarities with the Bushveld Complex. We look forward to providing additional news from Stillwater West as we work to expand known mineralization and convert drill-defined mineralized zones to mineral resources in the most advanced target areas.”
FIGURE 1 – Four Priority Target Areas (Pine, Discovery, Camp, and HGR) and the Early-Stage Blakely Target Across the 25-Kilometer Stillwater West Project
About Stillwater West
The Stillwater West PGE-Ni-Cu-Co + Au project positions Group Ten as the second-largest landholder in the Stillwater Complex, adjoining and adjacent to Sibanye-Stillwater’s Stillwater, East Boulder, and Blitz PGE mines in south-central Montana, USA1. The Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu-Co mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex. At the same time, the lower part of the Stillwater Complex also shows the potential for much larger scale disseminated and high-sulphide PGE-Ni-Cu-Co deposits, similar to Platreef in the Bushveld Complex2. Group Ten’s Stillwater West project covers the lower part of the Stillwater Complex along with the Picket Pin PGE Reef-type deposit in the upper portion and includes extensive historic data, including soil and rock geochemistry, geophysical surveys, geologic mapping, and historic drilling.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt, and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals’ development-stage Goliath-Goldlund project in northwest Ontario, and the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfield assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Group Ten Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorers/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada, and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
Note 1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent, or nature of mineralization or potential future results of the Company’s projects.
Note 2: Magmatic Ore Deposits in Layered Intrusions-Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report 2012-1010.
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We acknowledge the [financial] support of the Government of Canada.