Oct 18 2013
Platinum Group Metals Ltd. announces that further to its news release dated September 3, 2013 announcing an updated inferred mineral resource estimate on the Company's Waterberg Project located in a newly discovered extension of the Northern Limb of the Bushveld Complex of South Africa, it has today filed the associated National Instrument 43-101 technical report.
The report, entitled "Revised and Updated Mineral Resource Estimate for the Waterberg Platinum Project, South Africa (Latitude 23° 22′ 01"S, Longitude 28° 49′ 42"E)" is dated effective September 2, 2013 and was prepared by Kenneth Lomberg, B.Sc. (Hons) Geology, B. Com., M. Eng. Pr.Sci.Nat., MGSSA, of Coffey Mining (SA) Pty Ltd. supporting the disclosure of the updated inferred mineral resource estimate. The technical report is consistent in all material respects with the inferred mineral resource estimates announced in the Release. A copy of the report can be found at www.sedar.com and on the Company's website. The Company controls an effective 49.9% interest in the Waterberg deposit in a joint venture with JOGMEC, the Japanese State Company and a private empowerment partner holding the balance.
On strike with the Waterberg deposit, exploration with 7 drill rigs continues, targeting the potential extension of the Bushveld Complex by drilling holes spaced 1 kilometer or more apart over approximately 20 kilometers. The Company holds an effective 87% interest in the extension prospecting permits.
Source: http://www.platinumgroupmetals.net/