Business
Group Ten Metals Completes Earn-In at Kluane PGE-Ni-Cu Project and Acquires Additional Adjacent Properties
VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) US OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is plea
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) US OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to provide an update on the Company’s Kluane PGE-Ni-Cu project, including the completion of all outstanding earn-in requirements on the Ultra claim block and the addition of highly prospective new properties to the project which add substantial exploration potential. Group Ten holds the largest land position in the Kluane Ultramafic Belt; a mafic-ultramafic system that extends from northern BC through the Yukon to central Alaska and hosts multiple PGE-Ni-Cu deposits. The Kluane project is located in Canada’s Yukon Territory on trend with Nickel Creek Platinum’s Nickel Shäw project. President and CEO Michael Rowley stated, “Results from our work programs confirm the exploration potential for new discoveries of platinum group elements (PGE), nickel and copper within the Kluane Ultramafic Belt. The completion of our earn-in at Ultra, and previously at Spy, coupled with our recent strategic acquisitions in the district, has strengthened our position and brought us to 100% ownership on four key holdings being the Spy, Ultra, and Ellen properties, and also portions of the Catalyst property. The Company has received expressions of interest from potential partners on the project and has planned modest exploration programs for 2018 to further advance and demonstrate the high potential of this large land package accordingly. Our Yukon and Ontario assets complement Group Ten’s core Stillwater West project with two large and highly prospective land positions that are strategically located beside advanced-stage projects in world-class mining districts.” Figure 1 – Group Ten’s Kluane PGE-Ni-Cu Project in the Kluane Ultramafic Belt Ellen Acquisition Group Ten has acquired a 100% interest in the Ellen property pursuant to a purchase agreement with an arms-length private vendor. The Ellen property consists of 72 claims covering more than 13 square kilometers located approximately 4 kilometers southeast of the Company’s Ultra claim block. Exploration at Ellen has identified significant massive sulphide mineralization from drilling and trenching. Drilling includes 17 drill holes from 1954 to 1995 with 12 holes returning significant sulphide mineralization including 3.15% Cu...