Platinum Group Metals Announces an 800 Meter Step Out on the T2 Platinum Layer Intersecting 25.5 Meters Grading 6.4 g/t Platinum, Palladium and Gold
Platinum Group Metals Ltd. (TSX:PTM) (NYSE MKT:PLG) ("Platinum Group" or the "Company") announces that Hole WB-99 has intersected 25.5 meters of the T2 layer grading 6.4 grams per tonne 3E (1.86 g/t Platinum, 3.20 g/t Palladium and 1.37 g/t Gold, 0.34% copper, 0.17% nickel) over a core length of 25.5 metres at a depth of 681.0 metres to 706.5 metres. Included is a higher grade intercept of 2.5 metres of 12.2 g/t 3E at 698.5 metres to 701.0 metres. This intercept is located 800 meters northeast along strike from the previous intercepts and 300 meters northeast of the blocks in the current T2 layer resources. The assays from WB-99 display the distinctive T layer metal ratios of approximately 29% Platinum, 50% Palladium and 21% Gold. WB-99 is within the JOGMEC joint venture, where the Company holds a 49.9% effective interest.
- Published: 10 June 2013
- Written by Editor