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Group Ten Metals Identifies 18 Kilometer-Long Soil Anomaly and Expands Land Position at Stillwater West Project in Montana, USA
VANCOUVER, British Columbia, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) (US OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is ple
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE) (US OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announce that it has identified an extensive area of highly elevated platinum group elements (PGE), nickel, copper and chromium in soils at its Stillwater West project, in south-central Montana. The highly anomalous soil values, which cover the Chrome Mountain and Iron Mountain target areas and measure approximately 10km and 8km long respectively, are up to 2km in width with grades exceeding 100 ppb palladium, platinum and gold, 1,250 ppm nickel and copper, and 4,000 ppm chromium. The soil anomalies, shown in Figure 1 below, cover approximately 18 kilometers (11.2 miles) of strike length over the lower Stillwater Ultramafic and Basal Series stratigraphy and include more than 13,500 soil assays. Importantly, the correlations of these soil values with mineralization in the Basal and Ultramafic zones of the lower Stillwater Complex, as shown in Figure 2, demonstrate that soils are a highly effective tool for targeting PGE and Ni-Cu deposits in the district. Group Ten further announces the acquisition of an additional 51 claims at the Stillwater West project, expanding the Company’s holdings to 44 square kilometers (17 square miles) covering the lower Stillwater Complex. The Stillwater West project now totals 539 claims adjoining, and adjacent to, Sibanye-Stillwater’s high-grade Stillwater PGE mines which occur along the J-M Reef; one of the world’s largest and richest PGE deposits with a Measured and Indicated resource of 31.3 million ounces at a grade of 17.0 grams per tonne (g/t) Pt+Pd, plus an additional 49.4 million ounces at 16.6 g/t Pt+Pd in Inferred resources1, and over 12 million ounces Pt+Pd historic production to date at similar grades2. The Stillwater Complex is a layered mafic-ultramafic intrusion recognized as one of the top regions in the world for PGE-nickel-copper mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa3. Work at Group Ten’s Stillwater West property has identified three broad deposit target types including “Reef Type” high-grade PGE-Ni-Cu deposits, disseminated PGE-Cr-Ni-Cu deposits, and magmatic sulphide-related “Contact Type” PGE-Ni-Cu deposits. Group Ten’s Picket Pin deposit in the uppe...