Wellgreen Platinum Reports Drill Results From Wellgreen Project

Wellgreen Platinum (TSX:WG, OTC QX:WGPLF) reported recent exploration and drill results from work at its Wellgreen PGM-Nickel project in Canada’s Yukon. The company expects to continue drilling at the project until the end of the year, and is planning an additional exploration program aimed at confirming further measured and indicated resources.
As quoted in the press release:

Utilizing both diamond core and reverse circulation (“RC”) drill rigs, Wellgreen Platinum drilled 2,867 metres of diamond drill core and 3,528 metres of RC chip samples for a total of 6,395 metres. A drill program was undertaken in the Far West, West, Central and Far East Zones to test down-dip extensions to known disseminated mineralization, as well as areas of higher grade mineralization. Step-out holes 100 metres down-dip of known mineralization were targeted in the West, Central and Far East Zones. The drill program confirmed the extension of long intervals of disseminated mineralization hosted in peridotite, clinopyroxenite and gabbro. Additionally, in the Far East Zone, one 90 metre step out drill hole confirmed higher grade, marginal gabbro and contact massive sulphides.
Assay results from the drill program demonstrate both the continuity of disseminated mineralization in the southern areas of the PEA Base Case Open Pit described in the Company’s technical report1 and the potential for significant expansion of higher grade mineralization in the deeper regions of the Far East Zone. In the Far East Zone, the results indicate that deeper disseminated mineralization and mineralization in footwall contact zones, which are below the 2015 PEA Base Case Open Pit, are not well defined and further exploration at depth in this area is required.

Wellgreen interim president and CEO, John Sagman, said:

The results from our most recent exploration campaigns are consistent with those from previous programs and are encouraging as they continue to support our confidence in both the continuity and grade of mineralization and provide a greater understanding of this large deposit. In addition to the drilling program currently underway at the Wellgreen project, the Company is segregating representative Life of Mine Plan samples from recent programs to be utilized for metallurgical testing in 2016. This testing is targeting early mine production material with the objective of optimizing the mill flow sheet and recoveries, along with testing the ability to produce separate nickel and copper concentrates.

Click here for the full press release.