Platinum Group Metals Intersects 4.80 g/t 3E at 80 Meters

Platinum Group Metals (TSX:PTM,NYSE MKT:PLG) announced it had completed approximately 71,000 meters of vertical core drilling at the Waterberg joint venture and Waterbergf Extension. Intercepts returned 4.80 g/t 3E: 1.41 g/t of platinum, 3.18 g/t of palladium, 0.21 g/t of gold, 0.10 percent copper and 0.23 percent nickel from 370 to 450 meters.

According to the press release:

Intercepts include hole WB123 on the Waterberg Joint Venture property returning an 80 meter intercept of 4.80 g/t 3E (1.41 g/t platinum, 3.18 g/t palladium, 0.21 g/t gold, 0.10 % Cu and 0.23 % Ni) from 370 to 450 meters. The true thickness of this intercept is estimated at 63 meters. Rhodium determinations are pending. This hole is up-dip of the previously defined “Super F” Zone and further drilling shallower along the layer is in progress. Also included in the Super F Zone in-fill holes, within the area of the June 2014 resource estimate, is hole WB161, on the Waterberg Joint Venture property and announced here, which intersected 46.79 meters of 3.76 g/t 3E (1.06 g/t platinum, 2.51 g/t palladium, 0.19 g/t gold, 0.10 % Cu and 0.19 % Ni). The true thickness of this intercept is estimated at 37 meters. The core Super F Zone from the Waterberg Joint Venture resource area has been confirmed and expanded.

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