Business
Group Ten Metals Completes Acquisition of Spy Property
VANCOUVER, British Columbia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX-V:PGE) (OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is please
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX-V:PGE) (OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announce it has completed the requirements for earn-in of the Spy PGE-Ni-Cu property per the agreement announced September 14, 2015. The Company also reports that it acquired an additional 15 claims by direct staking in 2017, adding to past staking efforts which have more than tripled the property from its original size. The 100%-owned Spy property consists of 201 claims covering over 41 square kilometers within the Kluane Mafic-Ultramafic Belt; a belt of PGE-Ni-Cu deposits which are part of a sequence of mafic-ultramafic rocks that extends through the Yukon from northern British Columbia to central Alaska1. The Spy property is a key part of Group Ten’s overall Kluane PGE-Ni-Cu Project which consists of the Spy, Ultra and Catalyst properties, all of which are within 15 km of the Alaska Highway. The Kluane project properties are on trend with, and south of, the Wellgreen deposit, which hosts one of the largest undeveloped PGE-Ni-Cu deposits in North America at 6 Moz of Pt+Pd+Au and 3 Blbs of Ni+Cu in M&I resources and an additional 2 Moz of Pt+Pd+Au and 1 Blbs of Ni+Cu in Inferred resources2. Exploration on the Spy property has demonstrated that PGE-Ni-Cu mineralization occurs as disseminated to massive sulphides associated with mafic to ultramafic intrusions. Massive sulphide mineralization typically occurs near the basal contact and can also occur within the cores of larger ultramafic bodies. The ultramafic Spy Sill is typically 75-100m thick at the surface, with grab samples from the massive sulphide lenses assaying as high as 3.1 g/t Pt, 1.4 g/t Pd, 1.0 g/t Au, 3.1% Ni and 2.8% Cu from the mafic gabbro, and 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au, 2.6% Ni and 10.45% Cu from the footwall siltstone (Tulk, 2001)3. To date the highest-grade mineralization encountered at the Spy property has been associated with massive to strongly disseminated sulphides in the basal zone and the footwall siltstones, with disseminated mineralization found throughout the sill and into the country rocks. Several showings of massive and disseminated mineralization are exposed intermittently at surface over a strike length of 1.5km between the 99 and Sweet 16 showings with the Solo a...