Exploration Roundup March 2013
4 March 2013
Platinum Group Metals Announces New
Intercepts at Waterberg
Platinum Group Metals announced that drilling along two section
lines east and up-dip of the Waterberg Deposit have intersected new
Currently, eight drill rigs are drilling on two section lines
east of the Waterberg platinum, palladium and gold resource.
If these layers are confirmed by assay to be the F
mineralisation, as expected, the northern section line on the
deposit would expand significantly.
Prophecy Platinum Announces Drill Results Demonstrating Broad Zones
of Continuous Platinum Group Metals, Nickel and Copper
Mineralization at the Wellgreen Project (04/02/13)
Prophecy Platinum announced the final results of its $6.5
million, 11,000 metre 2012 exploration drill programme at the
company's Wellgreen platinum group metal, nickel and copper project
Fourteen of fifteen drill holes intercepted "significant"
mineralised widths, including two of the best intercepts drilled at
the Wellgreen project to date.
Greg Johnson, Prophecy Platinum's recently appointed president
and chief executive officer, said: "We are very pleased by the
results from this last round of drilling in the 2012 Wellgreen
exploration programme and are developing a good understanding of
the geologic controls for a large scale, bulk mining approach to
the Wellgreen project."
Platinum Group Metals Ltd: 10 Million Ounce Platinum, Palladium and
Gold Inferred Updated Mineral Resource at Waterberg
Platinum Group Metals announced an updated ten million ounce 3E
(platinum, palladium and gold) inferred mineral resource estimate
for the Waterberg property.
The total resource contains 10.12 million ounces platinum,
palladium and gold in 92.93 million tonnes
The inferred mineral resource estimate includes two T and two F
The T layers have a characteristic metal split of approximately
50% palladium, 29% platinum and 21% gold, while the F layers have
an approximate metal split of 65% palladium and 31% platinum and 4%
R Michael Jones, president and chief executive officer, said
"The Waterberg discovery of near surface, thick platinum is very
opportune at a time of shrinking global production of platinum from
the conventional mines."
Canadian Platinum Corp to Drill Test VTEM Targets in the Allen Lake
Area, Peter Lake Project (19/02/13)
Canadian Platinum Corp has begun a drilling programme to drill
test two VTEM anomalies associated with the Allen Lake Magnetic
anomaly in the Peter Lake Project for the presence of platinum
group metals, copper and nickel.
President and chief executive officer Todd Montgomery said:
"Given the understanding gained by our work in identifying and
delineated the Cu/Ni/PGE mineralization at the Swan Lake deposit,
we consider the Allen Lake target a very strong target for the
presence of a Cu/Ni/PGE deposit".
North American Palladium Files Prefeasibility Study on LDI's
Initial Offset Zone Reserves (19/03/13)
North American Palladium announced that it has filed on SEDAR a
National Instrument 43-101 technical report for its Lac des Iles
(LDI) property, which includes an initial mineral reserve estimate
and prefeasibility study for Phase I of the Offset Zone.
Initial Offset Zone reserves total 7.7 million tonnes,
representing approximately 1.1 million palladium ounces, the
"There is significant upside potential from continued
exploration at the LDI property, where a number of surface and
underground targets have been identified near existing
infrastructure, highlighting the potential for future resource
expansion at LDI," it added.
Jubilee Platinum to acquire Platinum Australia (25/02/13)
Jubilee Platinum has confirmed it has executed transactional
agreements to acquire Platinum Australia.
Jubilee chief executive Leon Coetzer said: "Jubilee has always
been clear on its mission to form a fully integrated mine-to-metals
company by combining world class platinum exploration assets with
operational mines and refining processes.
"This transaction is driven both by the quality of assets that
are merged to form such an integrated company as well as the
opportunity offered to Jubilee shareholders in acquiring the assets
at such favourable terms."