Platinum Group Metals (TSX:PTM, NYSE MKT:PLG) announced that their project team has intercepted a mineralized layer along two section lines east and up-dip of the Waterberg project. Tests will be conducted on these layers and if confirmed to be the F mineralization, it would expand the northern section line on the deposit by about 750 meters with a depth of 280 meters.
As quoted in the press release:
There are fifteen drill rigs operating on the property. Eight drill rigs are drilling on two section lines east of the Waterberg platinum, palladium and gold resource. One section line is near the south end of the deposit and the other section line is near the north end of the current deposit.