Platinum Group Metals Announces a New Discovery

Platinum Group Metals Ltd.(TSX:PTM,NYSE:PLG) reported drill intercepts grading 3.47 g/t platinum, palladium and gold over 3.5 meters.

As quoted in the press release:

 The high grade, thick, layered intercepts are located in an area north of the previously mapped North Limb of the Bushveld Complex. This Northern extension of the Bushveld Complex was first discovered by the Company in early 2011 under cover rocks by drilling based on detailed geophysical and geochemical work. Drilling is continuing and the drill program is being immediately expanded. The intercepts are located on the 137 square kilometer Waterberg Property and the new zone has a projected, potential strike length distance of 7 kilometers.

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