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Platinum Group Metals Ltd. Intercepts Northern Extension to Waterberg Deposit with 6.02 Metres of T Zone at 12.10 g/t 4PGE
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - May 17, 2023) - Pl...
About this update from Platinum Group Metals Ltd.
[{"type":"text","content":"Platinum Group Metals Ltd. Intercepts Northern Extension to Waterberg Deposit with 6.02 Metres of T Zone at 12.10 g/t 4PGEVancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - May 17, 2023) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (\"Platinum Group\", \"PTM\" or the \"Company\") reports that exploration borehole WE153 has intercepted platinum group metals mineralization consistent with both the T Zone and F Zone as found within the mineral resources and reserves of the proposed Waterberg Mine, located on the Northern Limb of the Bushveld Complex in South Africa, (the \"Waterberg Project\"). Borehole WE153 was collared on prospecting rights owned by Waterberg JV Resources (Pty) Ltd. (\"Waterberg JV Co.\") located adjacent to the north of the Waterberg Project mining right. The borehole collar was positioned along a projected strike line approximately 16 kilometres north from the area of delineated T Zone mineral resources and approximately 8 kilometres north from the area of delineated F Zone mineral resources. Borehole WE153 intercepted 7.02 metres of mineralized T Zone beginning at a depth of 1,272.98 metres. The mineralized interval displayed approximately 2% to 4% blebby copper, nickel, and iron sulphides. The drill core was logged, and the mineralized intercept recovered was sampled and sent for assay by Intertek Genalysis Minerals in Australia. The reported T Zone platinum, palladium, rhodium and gold (\"4PGE\") assay values in grams per tonne (\"g/t\") and prill split percentages are tabulated below: ZoneBorehole IDFrom(m)To(m)Length(m)1Pt(g/t)Pd(g/t)Rh(g/t)Au(g/t)4PGE(g/t)Cu %Ni %Drilled in 2023T ZoneWE1531,272.981,280.007.023.515.990.250.7010.450.160.10Prill Split33.6%57.4%2.3%6.7%100.0%IncludesWE1531,272.981,279.006.024.076.940.280.8112.100.180.12Prill Split33.6%57.3%2.4%6.7%100.0% Notes:1The true thickness is estimated at 85% to 90% of reported intercept based on available information.As of May 15th, Borehole WE153 had been drilled to a depth of 1,990.35 metres. At a depth of 1,757.94 metres the borehole intercepted olivine-rich lithologies consistent with the F Zone and at a depth of 1,972.19 metres the borehole intercepted the felspathic pyroxenite top contact of the F Zone. An F Zone intercept of 9.42 metres of approximately 2% to 4% blebby copper, nickel, and iron su...