Wellgreen Provides Further Results from Yukon Field Program

Wellgreen Platinum Ltd. (TSXV:WG,OTCQX:WGPLF) announced more results from a recent field program completed at its Yukon-based Wellgreen platinum-group metals-nickel-copper project, commenting that they are from the Central Zone.

As quoted in the press release:

In the Central Zone, hole 214 intercepted 379.5 metres of PGM-Ni-Cu mineralization grading 1.98 g/t Platinum Equivalent (Pt Eq.) or 0.47% Nickel Equivalent (Ni Eq.) Within this broad intercept, an interval of 37.6 metres grading 4.96 g/t Pt Eq. or 1.18% Ni Eq. was intercepted approximately 50 metres from the existing underground workings. It is believed that this higher grade zone is part of a broad band of mineralization that extends several hundred metres laterally to the south and was intercepted by hole 188, which intercepted a 24.7 metre interval grading 6.54 g/t Pt Eq. or 1.56% Ni Eq. within an intercept of 460 metres grading 1.84 g/t Pt Eq. or 0.44% Ni Eq. This large area of mineralization remains open to the south, laterally and to depth and represents an area of high potential for resource expansion from future programsf. These results extend the occurrence of these higher grade zones over a distance of nearly 1000 metres from the Far East zone.

Greg Johnson, president and CEO of Wellgreen, commented:

The identification of this band of higher grade mineralization in the Central Zone is very significant. This material is located just 50 metres from the existing underground workings, which could make this area amenable to low cost development. The updated preliminary economic assessment planned for Q2 will evaluate a combination of open pit mining and selective bulk underground mining of higher grade material at a reduced capital spending level.

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