Group Ten Metals Completes Amended Acquisition Agreement for Catalyst Ni-PGE-Cu Project in Southwest Yukon

- August 16th, 2017

Group Ten Metals (TSX-V:PGE) (US OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announce the execution of an amended agreement (the “Agreement”) to acquire a 100% interest in the Catalyst project in the southwest of Canada’s Yukon Territory. The project is highly prospective for nickel-copper-PGE mineralization being adjacent to, and contiguous with, Wellgreen Platinum’s Wellgreen … Continued

Group Ten Metals (TSX-V:PGE) (US OTC:PGEZF) (FSE:5D32) (the “Company” or “Group Ten”) is pleased to announce the execution of an amended agreement (the “Agreement”) to acquire a 100% interest in the Catalyst project in the southwest of Canada’s Yukon Territory.

The project is highly prospective for nickel-copper-PGE mineralization being adjacent to, and contiguous with, Wellgreen Platinum’s Wellgreen PGM-Ni project which contains a National Instrument Measured and Indicated Mineral Resource1 of 362 million tonnes hosting 2.08 billion pounds of nickel, 6.0 million ounces PGMs+gold, and 1.1 billion pounds of copper; and an Inferred Resource2 of 118.6 million tonnes hosting 0.7 billion pounds nickel, 1.9 million ounces of PGMs + gold, and 0.3 million pounds of copper.

The Agreement has been amended from the Letter of Intent announced on June 23, 2014, to reflect changes to both the property and the Company since that time.

By the terms of the Agreement as executed, Group Ten may earn a 100% interest in the property by issuing one million shares (the “Shares”) over two years to Denali Resources Ltd., paying $10,000 to Ashburton Ventures Inc., and paying $28,062.10 in outstanding invoices for past work on the claims.

The issuance of the Shares per the agreement is subject to regulatory approval.

Click here to read the full text release. 

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