Platinum Group Metals Discovers High Grade PGMs at Reef

Platinum Group Metals Ltd. (TSX:PTM,NYSE:PLG) reported grades of platinum, palladium and gold in new drill intercepts for the T2 reef in hole WB005.

As quoted in the press release:

These intercepts are located 250 and 500 metres up the apparent dip from Hole WB003 that intersected 3.50 metres grading 3.47 g/t 3E in the T1 reef and 5.00 metres grading 7.00 g/t 3E in the T2 reef as announced November 09, 2011. These reef layers have clearly identifiable rock types that can be correlated from hole to hole. Hole WB005 has sulphide mineralization immediately below the reported intercept for which assays are pending and the T2 reef is expected to have a significantly larger thickness than reported herein. In hole WB008 the T1 and T2 reefs have only a 25cm middling which is mineralized and therefore the reported interval is from a rock type point of view a T1.2 Reef. Further assays results will be reported when received.

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