Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC) reported in a news release it intercepted platinum and palladium mineralization at the Chrome Mountain and East Boulder targets at Stillwater West, its flagship project.
These results are from 2018 Stillwater exploration programs, historical data analyses and modeling.
The mineralization "is associated with two major electromagnetic geophysical conductors that are approximately 2.9 and 2.6 kilometers in length respectively and correspond with broad coincident soil and rock geochemical anomalies," President and CEO Michael Rowley said in the release.
The size of the targets suggests potential for "discovery of a major new bulk tonnage 'Platreef-style' platinum group elements-nickel-copper deposit," which is "geologically similar to those in the Bushveld complex of South Africa."
The mineralization at Chrome Mountain starts at surface and includes nine intervals of more than 100 meters (100m) in thickness with a grade thickness of more than 100 gram meter total platinum equivalent. Six holes intersected more than 200m of a grade thickness of 200–294 gram meter platinum equivalent.
Rock sampling at Chrome Mountain returned up to 16 grams per ton (16 g/t) of 3E (8.72 g/t platinum, 7.25 g/t palladium and 0.03 g/t gold.)
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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Group Ten Metals. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Group Ten Metals. Please click here for more information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Group Ten Metals, a company mentioned in this article.
