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Rainy River Resources Ltd. Reports Platinum and Palladium Values at Pinewood South
Sep. 29, 2011 02:23PM PST
Precious MetalsRainy River Resources Ltd. (TSE:RR) announced platinum and palladium assay results from the new nickel discovery at the Rainy River gold project.
Rainy River Resources Ltd. (TSX:RR) announced platinum and palladium assay results from the new nickel discovery at the Rainy River gold project.
Rainy River’s President and CEO, Raymond Threlkeld said,
We are pleased to report a significant occurrence of platinum and palladium mineralization associated with the nickel-copper-rich massive sulphide intrusion in the Pinewood South discovery, reported in the September 19th news release. The inclusion of significant platinum and palladium values enhances its overall potential value; we calculate that at current metal prices, the metal value of this intercept exceeds $900 per tonne.
For the complete press release, click here.
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