Platinex Inc. released a new technical report in October which recommends a $2.6 million exploration programme at its Muskox property.

The firm wants to determine the potential of platinum group elements in the 'hidden' portion of the Muskox Intrusion, which covers 352.3 km sq.

It is believed that its magmatic qualities are similar to those which created the Norilsk sulphur deposits that represent the world's largest source of palladium.

The report suggests the existence of a horizon situated high up in the igneous stratigraphic column of the Intrusion, much the same as in the Merensky Reef, which supplies the majority of the world's platinum.

http://www.platinex.com/docs/PressRelease20081021.pdf

Anooraq Resources Corporation announced on 10th October that it has appointed Bava Reddy as Executive: Exploration and Mineral Strategy.

Mr Reddy, who has over 13 years of geological and mineral resource management experience in mining, was General Manager at the Target Gold Mine and Senior Geologist at AngloGold in South Africa before taking his new post.

Anooraq President and CEO Philip Kotze claimed that he will "add additional depth" to the company as it moves towards its takeover of the Lebowa mine and joint ventures with Anglo Platinum.

http://www.anooraqresources.com/media/press_display.asp?press=56

Meanwhile, North Bay Resources has taken up an extra 476 acres of land adjacent to its Granite Creek platinum property near Tulameen in British Columbia.

The Granite Creek placer mines generally contain platinum in small nodules weighing up to 16g and now the company is set to undergo a programme to discover the underlying source of the deposits.

In particular, North Bay will be looking at quartz veins which reportedly stretch over lengths of 460m near Newton Creek and are up to 2.4m wide.

http://www.transworldnews.com/NewsStory.aspx?id=63775&cat=8

Probe Mines Limited has issued the assay results of core samples taken at it recent completed drilling programme at its McFauld West property.

The company found that three of the nine samples from the 60m intersection in hole MW08-08 contained important and anomalous values of platinum, palladium and gold.

One 1m section of peridotite at 136m depth returned a total of 2.1g/t between the three metals, while a 1.9m section at 142m depth returned an average grade of 0.36g/t combined.

http://www.marketwire.com/press-release/Probe-Mines-Limited-TSX-VENTURE-PRB-905488.html

HTX Minerals Corporation has announced that it has secured a strategic partnership with Impala Platinum to focus on the platinum group element (PGE) nickel exploration in Ontario, Canada.

Under the terms of the agreement, the world's second-largest platinum producer will put $900,000 towards HTX's project activities over the coming three years.

In return, Impala will have the option of obtaining half of the rights to any properties generated or acquiring over the course of the project.

It will also pay HTX a further $250,000 and will fund the initial $750,000 of any additional exploration project the company wishes to undertake.

http://www.tradingmarkets.com/.site/news/Stock%20News/1905476/

Platinum Group Metals Limited has secured a non-brokered private placement of 4,910,470 shares at a price of C$1.55 per share for gross proceeds of C$7,611,229.

According to marketwatch.com, the deal involves a six per cent finders' fee, which incorporates $180,000 and 60,000 shares at the offering price.

The company confirmed that it will use the proceeds of the move to fund items included in the feasibility study on the Western Bushveld Joint Venture.

http://www.marketwatch.com/news/story/platinum-group-metals-ltd-announces/story.aspx?guid=%7b59CE8721-ACD9-41F3-B52B-F0B8A618FB28%7d&dist=hppr

Finally, Jubilee Platinum has confirmed that it still has enough funds to pursue feasibility studies, despite posting an increased pretax loss of £4.08 million for the year to 30th June, up from £1.80 million for the previous year.

The company attributed the increase in part to writing off £1.51 million set to be received by TransAsia Minerals after the two parties decided not to follow up their Itsindro project.

In addition, Jubilee paid £1.46 million for consultancy fees throughout the year as it continues to acquire additional shares in its flagship Tjate project.

http://www.iii.co.uk/news/?type=afxnews&articleid=6915182&action=article