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 19^th 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.