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Group Ten Metals Inc.
Summary
| Project: | Stillwater West | |
|---|---|---|
| Deposit: | Chrome Mountain, East Boulder | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-2-2019: Group Ten Metals Inc. announces an Exploration/Drilling Update report for its Chrome Mountain, East Boulder deposit at the Stillwater West project. Drilling results incl. 252.4m @ 0.14g/t Pt, 0.18g/t Pd, 0.02g/t Au, 0.14% Ni, 0.02% Cu, 0.013% C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Ostenson (Internal) | |
| ABSTRACT: | February 21, 2019 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces results from the Chrome Mountain and East Boulder target areas on the west side of the Stillwater West Project in Montana, USA. This is the second in a series of planned news releases to report results of 2018 exploration programs, on-going historical data compilation, and modeling work at the Company’s flagship PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in the Stillwater Igneous Complex. With more than 41 million ounces of past production and current M&I resources, plus another 49 million ounces of inferred resources at over 16 g/t palladium and platinum, the Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization1,2. Michael Rowley, President and CEO, commented, "We are pleased to report results of our work to date in the Chrome Mountain and East Boulder target areas at the middle-west portion of the 25-km-long Stillwater West project (see Figure 1). Mineralization including platinum group elements (PGE), nickel, copper and cobalt at these target areas is associated with two major electromagnetic geophysical conductors that are approximately 2.9 and 2.6 km in length respectively, and correspond with broad coincident soil and rock geochemical anomalies. The scale of these targets demonstrates the potential for discovery of a major new bulk-tonnage “Platreef-style” PGE-Ni-Cu deposit in the Stillwater Complex, geologically similar to those in the Bushveld Complex of South Africa.” “Chrome Mountain, in particular, is one of our highest priority target areas and has advanced very rapidly with the discovery of a new style of platinum and palladium mineralization associated with nickel and copper sulphides at the Hybrid Zone (see December 17, 2018 news release). This discovery has attracted significant interest in the Stillwater West project with wide intervals of platinum, palladium, nickel, copper, and cobalt mineralization starting at surface | |
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