The Conversation (0)
Jul. 14, 2011 09:07AM PST
Prophecy Platinum Corp. (CVE:NKL,PINK:PNIKD,FRA:P94P) reports an NI 43-101 compliant report and mineral resource estimate for its Wellgreen property.
Prophecy Platinum Corp. (TSXV:NKL,PINK:PNIKD,FRA:P94P) reports an NI 43-101 compliant report and mineral resource estimate for its Wellgreen property.
The press release is quoted as saying,
The independent study incorporated drill data from 701 diamond drill holes (182 surface and 519 underground) totalling over 53,222 metres. Using a 0.4% NiEq (nickel equivalent) cut-off grade, the Wellgreen deposit now contains a total inferred resource of 289.2 million tonnes at an average grade of 0.53 g/t platinum, 0.42 g/t palladium, 0.23 g/t gold (1.18 g/t PGM+Gold), 0.38% nickel, and 0.35% copper. Separately, the deposit also contains an indicated resource of 14.3 million tonnes at an average grade of 0.99 g/t platinum, 0.74 g/t palladium, 0.52 g/t gold (2.25 g/t PGM+Gold), 0.69% nickel, and 0.69% copper.
For the complete press release, click here.
