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Group Ten Metals Expands Stillwater West PGE-Ni-Cu Project
VANCOUVER, British Columbia, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) (OTCBB:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is plea
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) (OTCBB:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announce that it has acquired a 100% interest in an additional 17 square kilometers (“km2”) of mining rights at its Stillwater West PGE-Ni-Cu project (the “Project”) in south central Montana, USA. These new claims nearly double the size of the Company’s holdings in the district to approximately 40 km2 and directly adjoin Sibanye-Stillwater’s high-grade Platinum Group Element (“PGE”) mining operations, which include the Stillwater, East Boulder and Blitz mines. The Sibanye-Stillwater mines occur along the J-M Reef within the Stillwater Complex; one of the largest and richest PGE deposits in the world. These mines have produced over 12 million ounces of palladium and platinum to date1, and host a Measured and Indicated resource of 31.3 million ounces at a grade of 17.0 grams/tonne (g/t) Pt+Pd and an additional 49.4 million ounces at 16.6 g/t Pt+Pd in Inferred resources2. It should be noted that mineralization previously identified and exploited in the Stillwater Complex is not necessarily indicative of the mineralization hosted on the Company’s Stillwater West PGE-Ni-Cu project. The Stillwater Complex is recognized as one of the top regions in the world for PGE-nickel-copper mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale disseminated and high-sulphide PGE-nickel-copper type deposits, possibly similar to Platreef in the Bushveld Complex3. The Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE Reef-type deposit in the upper portion. Note 1: Sum of public production records from 1986 to present.Note 2: Report on Montana Platinum Group Metal Mineral Assets of Sibanye-Stillwater, November 2017, Measured and Indicated Resources of 57.2 million tonnes grading 17.0 g/t Pt+Pd containing 31.3 million ounces and 92.5 million tonnes grading 16.6 g/t containing 49.4 million ounces.Not...