Business
Group Ten Metals Reports 4.3 Meters of 2.94 g/t Platinum, Palladium and Gold, Plus 0.24% Nickel and Copper, at the Crescent and Cathedral Target Areas of the Stillwater West Project in Montana, USA
VANCOUVER, British Columbia, May 29, 2019 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announ
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 29, 2019 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces results from the Crescent and Cathedral target areas on the east side of the Stillwater West PGE-Ni-Cu Project, adjacent to Sibanye-Stillwater’s high-grade Platinum Group Element (“PGE”) mines in Montana, USA. This is the fifth news release to report results of 2018 exploration programs and on-going data synthesis and modeling work at the Company’s flagship project. Highlights include: Past shallow drilling at the Crescent target area includes 4.3 meters of 2.94 g/t platinum, palladium and gold, plus 0.24% combined nickel and copper in drill hole IM2006-02, starting at 28.3 meters depth. Mineralization in this interval is comparable to the observed grades on Platreef deposits in the Bushveld Complex of South Africa at Anglo American’s Mogalakwena Mine and Ivanhoe’s Platreef Mine, in a similar geological setting; Deeper historic drilling approximately 700 meters east of IM2006-02 includes hole CC2 which intercepted 8.9 meters of 0.39% nickel and 0.12% copper, with no precious metals analysis; A total of ten past drill holes returned additional long mineralized intercepts, with a total of 15 intervals reporting greater than 25 gram-meter (g-m) grade thickness, ranging from 25.6 to 194.7 meters in length at base metal grades that are comparable to, or exceed, those of the Platreef; Historic drilling at the Cathedral target area includes drill hole IC01 which intercepted 6.2 meters of 0.15% nickel and 0.33% copper, with no precious metals analysis; 2018 and historic rock samples returned high-grade results with 12 samples over 2 g/t Total Platinum Equivalent (“TotPtEq”) in the Crescent target area, and 22 at Cathedral. A total of 9 samples returned over 5 g/t platinum, palladium and gold, with base metals ranging up to 0.39% nickel and 0.12% cobalt; Sibanye-Stillwater controls a small block of claims in the Crescent area that host a historic resource of approximately 260,000 ounces grading 2.39 ppm Pt+Pd1 along trend in the same conductive magmatic target, demonstrating the potential for that target area to host significant PGE mineralization at grades comparable to Platreef deposits; Results confirm that the airborne geophysical conductive highs are targeting high-sulph...