Resource News

Wellgreen Platinum (TSX:WG) has announced the commencement of a drill program and field work at its 100 percent owned Wellgreen PGM-Nickel project in the Yukon. As quoted in the press release: The 2016 Program will consist of approximately 2,500 meters of drilling designed to (See Figure 1): test resource expansion potential along the North Arm …

Wellgreen Platinum (TSX:WG) has announced the commencement of a drill program and field work at its 100 percent owned Wellgreen PGM-Nickel project in the Yukon.
As quoted in the press release:

The 2016 Program will consist of approximately 2,500 meters of drilling designed to (See Figure 1):

  • test resource expansion potential along the North Arm and the Middle Arm of the deposit, some of which was unclassified in the 2014 resource model and, therefore, categorized as waste in the Company’s 2015 Wellgreen PEA1 (the “2015 PEA”)
  • test for the potential conversion of a portion of Inferred Mineral Resources in the Central Zone into the Measured & Indicated categories and assess expansion of the starter pit detailed in the 2015 PEA; and
  • continue testing of the continuity of higher grade intercepts in the Central Zone in the lower portion of the 2015 PEA Base Case pit.

A successful limited borehole electromagnetic (“EM”) survey conducted at the Wellgreen Project in the fourth quarter of 2015 identified previously drilled massive sulphides several tens of metres off-hole. Therefore, the Company plans to conduct additional borehole EM surveys in the 2016 Program to assist with targeting potential massive sulphides in the North Arm and Middle Arm.
In parallel with the 2016 Program and metallurgical review program, the Company is continuing environmental baseline, assessment and mitigation studies.

Click here to read the full press release.

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