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Glacier Lake to Acquire Kalahari Platinum Project
Glacier Lake to Acquire Kalahari Platinum Project Canada NewsWire VAN...
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[{"type":"text","content":"\n \n \n \n Glacier Lake to Acquire Kalahari Platinum Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 17, 2021\n \n /CNW/ -\n \n Glacier Lake Resources Inc.\n \n (TSXV: GLI)\n \n \n (the \"\n \n Company\n \n \") is pleased to announce that it has entered into a definitive share purchase agreement, dated\n \n November 15, 2021\n \n , with African Thunder Platinum Limited and Fanosi Holdings (Pty) Ltd. (collectively, the \"\n \n Vendors\n \n \"), pursuant to which the Company proposes to acquire (the \"\n \n Transaction\n \n \") a controlling interest in Stella Platinum (Pty) Ltd. and Greenstone Platinum (Pty) Ltd. (collectively, the \"\n \n Owners\n \n \").  The Owners control the prospecting rights for the Kalahari Platinum Project (\"\n \n KalPlats\n \n \") located in the Magisterial District of Vryburg in\n \n North West South Africa\n \n .  The Company is at arms'-length from each of the Vendors and the Owners.\n \n \n KalPlats is a palladium-rich project located approximately 350 kilometres west of\n \n Johannesburg\n \n in the North West Province of South Africa.  The most recent mineral resource estimate on Platinum, Palladium and Gold mineralisation, including a 3E (Platinum, Palladium, Gold) grade was published by Coffey Mining Consultants Limited in 2014 (Lomberg et al., 2014), as part of an Independent Technical Report for African Thunder Platinum Limited.  The historical mineral estimate across the known deposits contained Measured and Indicated resources totaling 69.91 Mt grading at 1.48g/t 3E and Inferred Mineral resources of 56.68 Mt grading 1.62 g/t 3E.\n \n \n The Company is not treating this historical estimate as current and has not completed sufficient work to classify this historical estimate as a current mineral resource. While the Company is not treating the historical estimate as current, it does believe the work conducted by Coffey Mining Consultants Limited is reliable and may be of assistance to readers.\n \n \n \n Terms of the Transactio...