Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) released the updated Mineral Resource estimate for the Shakespeare Deposit Underground East Zone, which added 30% to Shakespeare’s global resource.
As quoted in the press release:
At a C$50/tonne NSR cut-off, the Underground East Zone contains an Indicated resource of 3.57 million tonnes grading 0.32% nickel, 0.39% copper, 0.02% cobalt, 0.34 g/t platinum, 0.37 g/t palladium, and 0.2 g/t gold. The East Zone also contains an Inferred resource of 1.87 million tonnes grading 0.32% nickel, 0.36% copper, 0.02% cobalt, 0.34 g/t platinum, 0.36 g/t palladium, and 0.21 g/t gold. This resource update adds approximately 30% to Shakespeare’s global resource.
Prophecy Platinum Chairman John Lee said:
The marked increase in total global resource demonstrates the potential longevity of Shakespeare as a mine.