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Group Ten Metals Announces Commencement of Exploration at Spy, Ultra and Catalyst Ni-Cu-PGE Projects in Yukon Territory
VANCOUVER, B.C., June 22, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) (OTC:DCGCF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announc
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"VANCOUVER, B.C., June 22, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) (OTC:DCGCF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announce the completion of planning activities and the deployment of personnel and equipment to the Ultra, Spy and Catalyst projects where the team will commence mapping, prospecting and surface sampling programs immediately and continue through most of July. The projects are in the southwest of Canada’s Yukon Territory, proximate to and on trend with the Wellgreen Ni-PGE-Cu project being advanced toward prefeasibility by Wellgreen Platinum Ltd., which has stated results and updated mineral resource estimate are expected to be announced by the end of Q2 2017. The work on the Spy project will largely be focused on defining the orientation of the Spy Ultramafic Sill and sighting optimal locations for a potential 2017 drilling program, while the broader program aims to further define known showings and test additional prospective ground and geophysical/geochemical anomalies across each project. President and CEO Michael Rowley stated, “We are glad to be returning to the Yukon projects and further expanding our understanding of the geology and mineralization as we look to define priority targets for a drilling campaign, particularly along the Spy sill, which is planned for later this year to follow-up on results announced May 30, 2017. Additionally, our geological team has identified potential for significant mineralization at the CKR portion of the Catalyst project to the south of our holdings around Wellgreen which warrants further investigation.” In addition, the Company is currently engaged in advanced due diligence with respect to a number of potential property acquisitions in keeping with its focus on quality, undervalued assets in established, world-class districts of politically-stable jurisdictions with excellent access and infrastructure. Mr. Rowley further notes, “Group Ten’s business model includes consistent evaluation of project acquisition candidates which, if acquired, may either be advanced or incubated based on specific criteria. To that end, we anticipate announcing further additions to our portfolio over the coming weeks. Furthermore, the Company plans to strengthen its technical and leadership team and expects to provide updates in that regard in Q3 2017.” ...