Village Main Reef Update On Platinum Project

Village Main Reef (JSE:VIL) announced an update on its Lesego platinum project after completing a pre-feasibility study.

As quoted in the press release:

The updated mineral resource estimation is based on borehole data generated from a database compiled by the specialist mining consultants, MSA Geoservices (Pty) Ltd of all available data from previous and present drill campaigns, up to 31 March 2012. The campaign included shallow drilling results from 300 meters below surface. This latest database includes the results from 116,590 meters of drilling, of which 13,973 meters was from the 2007/8 drilling and 102,618 meters from the 2011/12 boreholes. In total 1,704 meters of core were assayed for Platinum Group Elements (3PGE+Au) as well as Nickel “Ni” and Copper “Cu”.

Click here to read the full Village Main Reef press release.