The Prospector News

Platinum Group Metals: 10 Million Ounces of Platinum, Palladium and Gold, Inferred

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Platinum Group Metals: 10 Million Ounces of Platinum, Palladium and Gold, Inferred

 

 

 

 

Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG)(NYSE Amex:PLG) announces an updated 10 million ounce 3E (Platinum, Palladium and Gold) inferred mineral resource estimate for the Waterberg joint venture property. The current resource covers only 250m of influence up dip and eastward into a new permit granted in January 2013. The deposit remains open along strike onto permits under application as well as up-dip. Drilling continues and has been ramped up from 10 to 15 drill rigs, largely focused on the up-dip potential of the deposit.
 

Overall with drilling in late 2012 the estimated resource has been expanded by 51%. The total deposit grade has increased slightly and the average thickness has increased from 4.1 meters to 4.6 meters thick on the four layers in the resource estimate. The metal ratios of platinum, palladium and gold have remained generally consistent with initial resource estimate in 2012.
 

The total resource contains 10.12 million ounces platinum, palladium and gold (3E) in 92.93 million tonnes with the shallowest part of the deposit in the T zone at 124 meters deep and the deposit cut off at 1000m deep as a preliminary economic cut off. The updated inferred mineral resource estimate covers the first 2.8 kilometres of T-zone and 5.4 kilometres of F-zone strike length.

Posted February 1, 2013

Share this news article

MORE or "UNCATEGORIZED"


MAG Silver Reports Second Quarter Financial Results

MAG Silver Corp. (TSX:MAD) (NYSE American: MAG) announces the Com... READ MORE

August 12, 2020

Outcrop Intercepts 0.4 Metres of 37 Grams Gold Per Tonne and 1,220 Grams Silver Per Tonne in new Megapozo Discovery

Outcrop Gold Corp.(TSX-V: OCG) (OTCPK: MRDD.F) (DE: MRG1)&n... READ MORE

August 12, 2020

Liberty Gold Announces Closing of the Sale of the Halilağa Porphyry Copper Gold Deposit in Turkey, and Receipt of US$6,000,000 Cash Payment

Liberty Gold Corp. (LGD-TSX) is pleased to announce the closing o... READ MORE

August 12, 2020

Northern Vertex Intercepts High Grade Mineralization of 21.8 GPT Gold & 211.48 GPT Silver Over 6.1 Meters, Including 69.3 GPT (2.02 OZ) Gold & 716 GPT Silver Over 1.5 Meters at Moss Mine, Arizona

Northern Vertex Mining Corp. (TSX-V: NEE)(OTC Nasdaq... READ MORE

August 12, 2020

Erdene Closes $20 Million Financing to Advance Exploration and Development of the Khundii Gold District Led by $15 Million Strategic Investment From Eric Sprott

Erdene Resource Development Corporation(TSX:ERD) (MSE:ERDN)... READ MORE

August 12, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions