Prophecy Drills 120.9 Meters Grading 1.26 g/t PGM+Au, 0.36% Ni, 0.30% Cu within 457 Meters Grading 0.47% NiEq

Prophecy Platinum Corp. (TSXV:NKL,OTC:PNIKF,FRA:P94P) announced drill results received from its 2011 drilling Wellgreen PGE-Ni-Cu Project.

The press release is quoted as saying,

Borehole WS11-188 encountered 457 meters of mineralization grading 0.47% NiEq (including 0.72 g/t Pt+Pd+Au) from surface to the footwall contact. Within this larger swath of mineralization, the hole encountered a high grade section of 17.8 meters of 3.14 g/t Pt+Pd+Au, 1.03% Ni, 0.74% Cu (1.77% NiEq).

The hole was drilled completely outside of current resource boundaries, between the East Zone resource and the West Zone resource that was reported in the company’s July 14, 2011 press release.

For the complete press release, click here.