Platinum Group Metals Announces 6.6 Million Ounces Platinum, Palladium and Gold

Platinum Group Metals Ltd. (TSX:PTM,NYSE:PLG) announced an initial 6.6 million ounce platinum, palladium and gold inferred mineral resource estimate at the Waterberg property.

As quoted in the press release:

The inferred mineral resource estimate includes both “T” and “F” mineralized layers. The most important layers are the 3 to 6 metre thick “T1″ and “T2″ layers. The T layers are very well correlated in terms of geochemical markers and lithology and have a characteristic metal split of approximately 48% Palladium, 29% Platinum and 23% Gold. Within the “F” layer are two sub-layers which are approximately 5.27 metres thick on average, having an approximate metal split of 63% Palladium and 33% Platinum.

Click here to read the Platinum Group Metals Ltd. (TSX:PTM) press release.