Northern Shield signs Option and Strategic Alliance Letter of Intent with Impala Platinum Holdings Limited (23/01/12)

Northern Shield Resources Inc said it has signed a letter of intent with South Africa's Impala Platinum regarding an option on Northern Shield's 100 per cent owned Idefix platinum group element (pge) property in Quebec.

In November, Northern Shield collected 21 grab samples from a gabbro sill during the reconnaissance of the Idefix property.

Nine returned assays greater than one gram per tonne platinum, palladium and gold. Three samples assayed greater than seven grams per tonne Pt+Pd+Au.

"We are very pleased that Impala continues to recognise Northern Shield's expertise and dedication to pge exploration in Canada and the significant results from Idefix," said Northern Shield president and chief executive officer Ian Bliss.

Platinum Group Reports Q1 2012 Financial Results (25/01/12)

Platinum Group Metals Ltd announced its Q1 2012 financial and operational results.

Highlights included the completion of the box cut excavation at the Project 1 Platinum Mine in South Africa, and the commencement of a joint engineering study on potential synergies with the Jinchuan-Wesizwe platinum mine adjacent to the Project 1 mine site.

In November 2011 the company completed the formal public consultation process and documentation related to its Environmental Impact Assessment for the Project 1.

That month also saw the firm report drill intercepts in a newly discovered extension of the North Limb grading 3.47 g/t platinum, palladium and gold over 3.5 metres and 7.00 g/t over five metres at vertical depth of approximately 660 m on the Waterberg project.

North American Palladium Intersects High Grades Underground at LDI Mine and Reef-Style Mineralization on Surface Near Open Pit (30/01/12)

North American Palladium said infill drill results in the Offset Zone at its Lac des Iles (LDI) mine returned "excellent" grades, with 78 metres at 7.39 g/t palladium and 33 metres at 8.71 g/t palladium.

There was also good indication of a southern extension to the Offset Zone in an area previously reported as the Southern Norite Zone, including 39 metres at 4.02 g/t palldium and 15 metres at 5.13 g/t palladium.

The firm also encountered "bonanza" grade surface mineralisation from trenches along the North VT Rim, 500 metres northeast of the LDI open pit, including one-metre samples at 64.4 g/t palladium and 45.8 g/t palladium.

"The success of our 85,000-metre drill campaign in 2011 underpins the significant exploration potential of the LDI property, and supports our view that we have only scratched the surface in our exploration endeavours," said William J Biggar, president and chief executive officer.

Magma Metals Limited: Quarterly Report for the Period Ended December 31, 2011 (30/01/12)

Magma Metals Ltd intersected 10.5 metres at 2.9 g/t palladium and platinum and five metres at 3.76 g/t platinum and palladium from exploration drilling at its Thunder Bay North Platium-Palladium Project in Ontario.

The firm said infill drilling will be required to evaluate the resource potential of the zone, which is around 550m beyond the recently defined 450m extension of mineralisation.

Drilling Expands PGE & Gold Mineralization Along Strike at Haukiaho Target, LK Project, North Central Finland (31/01/12)

Nortec Minerals Corp announced results from the first three drill holes from the Phase V drilling programme at the company's Läntinen Koillismaa palladium-platinum-gold-copper-nickel project in north-central Finland.

Highlights included 44 metres at 0.8g/t platinum palladium and gold, including 13 metres at 1.15g/t platinum, palladium and gold.

Anooraq, Anglo American Platinum Limited Announce Restructure, Recapitalization and Refinancing Transaction for Anooraq And Bokoni Group (02/02/12)

Anarooq Resources and Anglo American Platinum (Amplats) have agreed a deal to refinance Anarooq and restructure and recapitalise the Bokoni Platinum group.

It will result in production growth at Bokoni Platinum Mine, adding 100,000 platinum group metal ounces per annum by 2016.

There will also be a strategic re-alignment of the Bokoni group exploration and development mineral assets, by consolidating these assets into existing mine operations at Amplats' Twickenham and Mogalakwena mines.

Amplats chief executive officer Neville Nicolau said: "This transaction provides Amplats with access to mineral properties that provide synergies with our operations at Mogalakwena and Twickenham.

"The refinancing and restructuring position the Bokoni Platinum Mine for expansion into a substantial and sustainable operation."

Junior exploring new opportunities along Bushveld Complex (03/02/12)

Sable Platinum is in the initial drilling stages of an extended exploration plan on a number of sites along the western limb of the Bushveld Complex in South Africa.

"The company has a huge attributable resource that we believe is well mineralised with platinum-group metals (pgms), and which ranges in depth from the surface to 3,000 m," said chief executive officer James Allan.

"We have a target of over 300 million ounces of resources on these projects, of which around 180 million ounces is attributable to Sable."

In addition to platinum, it is thought there is potential for vanadium recovery from some of the sites.

Minfocus Exploration Starts Winter Program at Nipigon Reefs (06/02/12)

Minfocus has commenced work for a winter drilling programme on its Seagull North claims, which form part of its Nipigon Reefs project in north-western Ontario.

Diamond drilling is expected to start as soon as preparatory work is finished, the platinum group metal exploration firm said.

Platinum Group Metals Ltd.: Waterberg Discovery of Thick High Grade Reefs Expanded (06/02/12)

Platinum Group Metals reported positive new drill intercepts for the T2 reef at its Waterberg project in the North Limb of the Bushveld Complex.

Highlights included hole WB005, at a depth of 605 m, intercepting 4.75 m grading at 4.77 g/t platinum, palladium and gold, while hole WB008 intercepted 5.25 m grading 7.28 g/t at a depth of 474 m.

Pacific North West Capital Corp. Announces Receipt of Mining Leases for its River Valley PGM Project, Sudbury, Ontario (07/02/12)

Pacific North West Capital has received its Mining Lease for its 100 per cent owned River Valley PGM?Gold Property, 70 km from Sudbury, Ontario.

The 21-year, renewable leases include surface rights that allow for siting of project infrastructure and processing facilities.

A 2006 study showed measured resources of 7.99 million tonnes grading 1.33 g/t palladium and 0.44 g/t platinum.

PFN chief executive officer Harry Barr said the grant of the mining lease is "a major step forward".

He added: "PFN's goal is to at least double the size of the resource in order to establish a more robust open pit mine project."

Caribou Approves 2012 Exploration Program at the Vault Au-PGE Property, Yukon (08/02/12)

Caribou King Resources has approved its 2012 exploration programme for the Vault gold and platinum group metal (pgm) property northwest of Haines Junction in the Whitehorse Mining District of south-western Yukon.

It lies next to the Wellgreen copper-nickel-pgm project that is currently under resource evaluation by Prophecy Platinum Corp.

"We are seeing similarities in rock types on our Vault property to Prophecy's Wellgreen Deposit, and are looking to examine this situation very closely this upcoming season," said Caribou chief executive officer Mike England.

"Our intention is to define potential targets for this summer's drill programme in the Yukon."

Robert Friedland goes for Platreef project (08/02/12)

Mining entrepreneur Robert Friedland set out plans for the Ivanplats base metal and platinum group metals (pgm) project in Limpopo at the Mining Indaba in Cape Town.

Although short on details, he indicated that the project would include both smelting plants and probably refineries.

It also said it will be a highly mechanised underground operation in order to minimise the above-ground impact to locals.

Midland and North American Palladium Resume Drilling on Laflamme as New Priority Targets Are Identified Near Gold and Ni-Cu-PGE Discoveries (08/02/12)

Midland Exploration says drilling will resume on new high-priority targets recently identified near to the two gold and nickel-copper-platinum group metal discoveries made in 2011 on the Laflamme property in Quebec.

This project, a joint venture with North American Palladium Ltd, is scheduled to begin in mid-February and is designed to test several new geophysical targets.

Exploration in January indicated 0.17 g/t platinum and 0.16 g/t palladium over eight metres.

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