Japanese firm to mine high-grade platinum in S. Africa (21/11/11)

Japan Oil, Gas and Metals National Corp has discovered platinum and other precious metals in South Africa, following exploration work carried out with Platinum Group Metals Ltd in September and October.

They confirmed platinum group metals, including platinum and palladium, between 3.47 and 7.0 g/t at vertical depths of 643 to 666 metres, higher grade metal than that mined from a nearby project.

JOGMEC says it will continue to explore the area in the north-east of South Africa until 2013, with full production scheduled to commence in the latter half of the decade.

Village intersects Merensky platinum reef at 204m below surface at Lesego (30/11/11)

Village announced that its exploration drills at the Lesego project in South Africa has intersected Merensky Reef at a depth of 204m below the surface, shallower than previous drill holes had found.

Chief executive officer Bernard Swanepoel commented: "Our consistent drilling results continue to demonstrate that this ore body is economically viable at shallow depths and also at depths of greater than 700m, where high grades averaging 6.61 g/t 3PGE + gold over an average width of 1.17m have previously been reported."

Wallbridge Mining Expands Broken Hammer Zone (30/11/11)

Wallbridge Mining Company has reported the results of 16 drill holes extending the Broken Hammer Zone copper and platinum group metals mineralisation.

Highlights included 8.73m of 3.58 g/t total precious metals, constituting 1.99 g/t platinum and 1.32 g/t palladium and 0.27 g/t gold.

Additionally, drilling found 6.1m of 5.86 g/t total precious metals, which included 4.26 g/t platinum, 1.37 g/t palladium and 0.23 g/t gold.

The assays also include an intersection of 912 grams per tonne platinum over 0.37 metres in Hole WIS-116.

Alar Soever, chief executive officer of Wallbridge, stated: "This latest drilling was based upon what we saw in the bulk sample pit and has been highly successful in extending the mineralised zone."

Rockland Minerals Corp.: Retty Lake Drilling Confirms Stacked Cu-Ni-PGE Mineralization in Multiple Horizons, Labrador Trough, Quebec (13/12/11)

Rockland Minerals Corp announced drilling results from its exploration programme at the Retty Lake copper-nickel-platinum group metal property, located in the Labrador Trough in Quebec.

The firm said hole 849-10 extends the strongly anomalous mineralisation discovered during this summer's drilling program at the project.

Assay reports showed 4.4 metres grading 0.29 g/t combined platinum-palladium in hole 849-10.

Rockland said the drilling confirms the existence of "stacked" copper-nickel-platinum group metal mineralisation in "multiple horizons", which it added are similar to new discoveries in the southern Raglan Belt in Quebec's Ungava region.

Pacific North West Capital Commences 2200 Metres Exploration Drill Program at River Valley PGM Project, Sudbury, Ontario (08/12/11)

Pacific North West Capital Corp said it has commenced exploration diamond drilling on its 100 per cent owned River Valley Platinum Group Metals Property, 70 km from Sudbury, Ontario.

The firm said this phase will focus primarily on drilling in the interior of the River Valley Intrusion complex, where three zones are to be targeted - East Banshee, Dragon and Spade Zone.

According to resource studies in 2006, River Valley has measured resources
of 7.99 million tonnes grading 1.33 g/t palladium, 0.44 g/t platinum, 0.08 g/t gold.

Platinum Australia submits mining application for Rooderand (15/12/11)

Platinum Australia reported that it is close to obtaining a mining right for its Rooderand joint venture (JV) after the mining right application was submitted by partner Alta Mining Resources.

A prefeasibility study on the South African property has been completed, based on a mineral resource estimate of 4.22 million ounces of platinum group elements.
 

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