Prophecy Platinum Corp.(TSXV:NKL) announced its initial results from its 2012 drill program at its Wellgreen project. The Company reported on the first seven holes of the drill project. Prophecy expects further results in June.
As quoted in the press release:
Wide and continuous mineralizations were intercepted in all 7 drill hole results received, including higher grade intercepts of 21.3 metres of 0.90 g/t Pt+Pd+Au, 0.39% Ni, 0.25% Cu, (0.65% NiEq; WU12-524), 21.6 metres of 0.98 g/t Pt+Pd+Au, 0.35% Ni, 0.30% Cu (0.63% NiEq; WU12-527), and 15.2 metres of 1.12 g/t Pt+Pd+Au, 0.23% Ni, 0.68% Cu (0.67% NiEq; WU12-531).
Prophecy Platinum, Chairman, John Lee, stated:
2012 has been a very productive year thus far with 15 holes already completed. Wellgreen is gaining recognition as a premier Canadian Ni-Cu-PGE project for its location, size, and grades. We expect a very busy June with analyst site visits, continued infill and priority-target exploration drilling, and the delivery of first-ever Wellgreen PEA (preliminary economic assessment)
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.