Wellgreen Platinum Releases Final Results from Yukon Project Field Program

Wellgreen Platinum Ltd. (TSXV:WG,OTCQX:WGPLF) has announced final results from the most recent field program at its wholly owned Wellgreen PGM-nickel-copper project in Canada’s Yukon Territory. Together with previously released results, the latest assay results from the Far West Zone extend mineralization over approximately 2.5 kilometres from the Far East Zone on the easternmost end of the known Wellgreen resource area to the Far West Zone on the westernmost end. In the Far West Zone, mineralization is characterized by continuous higher grade ultramafic zones beginning at surface and reaching a tested depth of 150 metres. These zones remain open to further expansion.

The polymetallic mineralization at the Wellgreen project features platinum, palladium and gold as well as significant nickel, copper and cobalt occuring together.

As quoted in the press release:

These new assay samples from historic drill core in the Far West Zone have confirmed the continuity of broader zones of higher grade mineralization around the previously sampled massive sulphide zones as seen in other areas of the Wellgreen deposit. Highlights from drilling in the Far West Zone include hole 208 which intercepted 142.5 metres of PGM-Ni-Cu mineralization from surface grading 3.76 g/t platinum equivalent (“Pt Eq.”) or 0.89% nickel equivalent (“Ni Eq.”), with a grade thickness value of over 500 gram-metres Pt Eq. Hole 209, drilled up dip from 208, intercepted 69.6 metres grading 3.55 g/t Pt Eq. or 0.85% Ni Eq., and drill hole 220, drilled down dip of 208, intercepted 150.0 metres of mineralization starting from surface that graded 2.67 g/t Pt. Eq. or 0.63% Ni Eq., including 54.0 metres grading 3.91 g/t Pt Eq. or 0.93% Ni Eq.

Wellgreen Platinum CEO, Greg Johnson, said:

These results from the Far West Zone further expand our understanding of the extent of mineralization at our Wellgreen project, building upon those which have been reported since last fall. The thick bands of higher grade mineralization interpreted to be up to 500 metres in width in the core of the ultramafic body have been shown to extend from the Far East Zone through the East Zone and Central Zone and now into the West and Far West, covering a strike length of approximately 2.5 kilometres. The results show that these higher grade bands come to surface and remain open to further expansion. Many of the best drill holes to date are located on the edge of the known deposit and will be priority targets for step out testing in the 2014 program. Over the past year our drilling and sampling work at Wellgreen has been designed to increase confidence in the continuity and predictability of the controls to the mineralization as a basis for an updated geologic and resource model.

Click here to read the Wellgreen Platinum Ltd. (TSXV:WG) press release