Ivanplats (TSX:IVP) executive chairman, Robert Friedland, announced that a drilling program that took place between 2011 and 2012 at the company’s Flatreef Discovery, which is situated in Bushveld Complex in South Africa, expanded its precious metal resources, including platinum.
As quoted in the press release:
Flatreef’s Indicated Mineral Resources now total 223 million tonnes grading 4.1 grams per tonne (g/t) 4PE (platinum, palladium, gold and rhodium), 0.34% nickel and 0.16% copper, at a 2.0 g/t 4PE cut-off grade and at a cumulative, average true thickness of 24.3 metres. The Indicated resources contain an estimated 29.2 million ounces of platinum, palladium, gold and rhodium, 1.7 billion pounds of nickel and 800 million pounds of copper.
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