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Sep. 20, 2011 02:11PM PST
Prophecy Platinum Corp. (CVE:NKL,OTC:PNIKF,FRA:P94P) issued a news release to clarify, retract, restate and update its previous technical report.
Prophecy Platinum Corp. (TSXV:NKL,OTC:PNIKF,FRA:P94P) issued a news release to clarify, retract, restate and update its previous technical report.
The press release is quoted as saying,
Per section 14.2 of the Wardrop Report, the author notes that the fundamental difference between the 2008 WGM estimate (the “WGM Report”) and the estimate in the Wardrop Report is that the WGM Report concentrated on the resource material in close proximity to the semi-massive to massive nickel sulphide pods that had been exploited by Hudson Yukon, compared to the estimate in the Wardrop Report which targets a large tonnage open pit geological model. Adopting the new geological model and the inclusion of cobalt, gold, platinum and palladium to the NiEq formula, which was not incorporated in the NiEq value in the WGM Report, the Wardrop report demonstrated a marked increase in the resource estimate.
For the complete press release, click here.
