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Group Ten Announces Acquisition of the Stillwater East PGE-Ni-Cu-Co + Au Project in Montana, USA; Reports 0.89% Nickel, 0.66% Copper and 0.405 g/t 3E in Initial Rock Samples
VANCOUVER, BC / ACCESSWIRE / January 12 , 2021 / Group Ten Metals Inc. (TSX.V:PGE; OTCQB:PGE...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Group Ten Announces Acquisition of the Stillwater East PGE-Ni-Cu-Co + Au Project in Montana, USA; Reports 0.89% Nickel, 0.66% Copper and 0.405 g/t 3E in Initial Rock SamplesVANCOUVER, BC / ACCESSWIRE / January 12, 2021 / Group Ten Metals Inc. (TSX.V:PGE; OTCQB:PGEZF; FSE:5D32) (the \"Company\" or \"Group Ten\") is pleased to announce the significant expansion of the Company's prime land position in the famously productive and metal-rich Stillwater district in Montana, USA, through the acquisition of the Stillwater East property, located 8 kilometers east along strike from the Company's flagship Stillwater West project.Group Ten also reports high-grade nickel and copper results from a preliminary rock sampling program on the new project, and provides a corporate update including upcoming investor events, and its outlook for 2021.Figure 1: Stillwater District - Infrastructure, Mines, and Land StatusStillwater East - HighlightsStillwater East extends the Company's coverage of lower Stillwater Complex magmatic stratigraphy by an additional seven kilometers of strike at the eastern end of the Stillwater district, bringing Group Ten's regional holdings to a total of approximately 61 square kilometers (km2) and over 32 kilometers of strike (see Figure 1). The Company has more than tripled its holdings since the initial acquisition of Stillwater West in June 2017, cementing its position as the second-largest land holder in the district, alongside Sibanye-Stillwater.The Stillwater Igneous Complex is recognized as one of the top regions in the world for platinum group elements (\"PGE\"), nickel, and copper mineralization, alongside the Bushveld Igneous Complex and Great Dyke in southern Africa, which are similar layered magmatic intrusions.The Stillwater district is known for the J-M Reef deposit, which has produced over 14 million ounces of palladium and platinum to date, along with other commodities including nickel and copper, from three producing mines and a smelter/refinery complex owned by Sibanye-Stillwater.1 The J-M Reef deposit is the highest-grade PGE deposit in the world, and the largest outside of Africa and Russia.2Stillwater East was acquired in collaboration with the vendor of Stillwater West, and is subject to the same 2% NSR royalty, which includes a buy-down provision.Target MineralizationGroup Ten continues to successfu...