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Platinum Group Metals Ltd. (TSX:PTM,NYSE MKT:PLG) reported an increase in the estimated Inferred Mineral Resource at the Waterberg Joint Venture and adjacent Waterberg Extension to 29 Million ounces of platinum, palladium, rhodium and gold. Platinum Group Metals currently holds a 49.9 percent effective interest in the Waterberg JV as well as 87.0 percent of the Waterberg Extension property.
Platinum Group Metals Ltd. (TSX:PTM,NYSE MKT:PLG) reported an increase in the estimated inferred mineral resource at the Waterberg Joint Venture and adjacent Waterberg Extension to 29 million ounces of platinum, palladium, rhodium and gold. Platinum Group Metals currently holds a 49.9 percent effective interest in the Waterberg JV as well as 87.0 percent of the Waterberg Extension property.
As quoted in the press release:
Total inferred resources in the “T” and “F” layers are estimated at 287 million tonnes grading 3.15 g/t 4E (0.94g/t Pt, 1.92 g/t Pd, 0.04 g/t Rh, 0.25 g/t Au, 30%,61%,1%,8% respectively, See Table 1). Included in the mineral resource estimate at Waterberg is the initial inferred resource estimate on the Waterberg Extension property of 6.8 million ounces (68.04 million tonnes grading 3.11 g/t 4E (0.93g/t Pt, 1.98 g/t Pd, 0.05 g/t Rh, 0.15 g/t Au, 30%, 64%, 2%, 4% respectively, See Table 3). The deposit has demonstrated good continuity and remains open along strike and at depth. Drilling is planned several kilometers north of the current estimate.
Click here to read the Platinum Group Metals Ltd. (TSX:PTM) press release
