Platinum Group Gets Permit Expansion for the Waterberg Project

Platinum Group Metals Ltd. (TSX:PTM,NYSE MKT:PLG) has reported that it was already granted a 1,600 hectare expansion of the prospecting permit by the South African Department of Mineral Resources, thereby enabling the drilling on a portion of the Waterberg deposit to start.

As quoted in the press release:

R. Michael Jones, President and CEO of Platinum Group Metals, said, “The expansion of the Waterberg property by grant of this new permit is very timely. Our equity financing for $180 million, which closed on January 4, 2013, included plans for a $10.0 million exploration program for the Waterberg Joint Venture. We are now able to focus a considerable drilling effort with 10 rigs. If the efforts on the new permit are successful on extending the deposit near to surface, additional drill rigs will be added. We are very excited about the potential at Waterberg.

Click here to read the full Platinum Group Metals Ltd. (TSX:PTM,NYSE MKT:PLG) press release.

Get the Latest Platinum Investing Stock Information

Get the latest information about companies associated with Platinum Investing delivered directly to your inbox.

+ see more
+ see more
Copper Investing
Gold - Bullion
Gold - Production/Mining
+ see more
Gold - Project Generators
Gold - Prospecting and Exploration
+ see more
Gold - Resource Definition/Pre Feasibility
Gold - Resource Expansion/Feasibility Study/PEA
Graphite - Production/Mining
Graphite - Prospecting and Exploration
Graphite - Resource Definition/Pre Feasibility
Graphite - Resource Expansion/Feasibility Study/PEA
Silver - $0-15m
Silver - $15-50m
Other Companies
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply