Platinum Group Metals Reports 13% Increase in F Zone Grade and 89% Increase in Indicated Resources to 24 Million Ounces with a Further 12 Million Ounces Inferred
VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA -- 04/19/16
Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") reports increased grade and a significant increase in indicated ounces in an updated independent resource estimate for platinum, palladium, rhodium and gold ("4E") on the 58.65% owned Waterberg Joint Venture, located on the North Limb of the Bushveld Complex.
Mineral resources in the "T" and "F" zones at Waterberg (100% project basis) have increased to an estimated 23.894 million ounces 4E in the indicated category plus 11.710 million ounces 4E in the inferred category:
-- Indicated 209.559 million tonnes grading 3.55 g/t 4E (1.07 g/t Pt, 2.19
g/t Pd, 0.26 g/t Au, 0.03 g/t Rh, 2.5 g/t cut-off)
-- Inferred 105.918 million tonnes grading 3.44 g/t 4E (1.04 g/t Pt, 2.09
g/t Pd, 0.28 g/t Au, 0.03 g/t Rh, 2.5 g/t cut-off)
- Published: 19 April 2016
- Written by Editor