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Group Ten Metals (TSXV:PGE) announced results from the work on the Stillwater West project

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The Stillwater West PGE-nickel-copper project, consists of 44 square kilometres adjacent to, and contiguous with, Sibanye-Stillwater’s high-grade Platinum PGE mining operations, which include the Stillwater, East Boulder and Blitz mines.

Additional Information:

Company: Group Ten Metals
Website: http://www.GroupTenMetals.com
Stock Symbol: TSXV: PGE
Date Published: May 8, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Group Ten Metals has announced the results from the compilation and interpretation work from the company’s Stillwater West project in Montana.

The Stillwater West PGE-nickel-copper project, consists of 44 square kilometres adjacent to, and contiguous with, Sibanye-Stillwater’s high-grade Platinum PGE mining operations, which include the Stillwater, East Boulder and Blitz mines.

Group Ten’s acquisition of the highly-prospective Stillwater West project positions the Company as the second-largest land holder in the Stillwater ultramafic complex.

The company focused on the Iron Mountain area, including the delineation of a large cobalt target defined by highly elevated cobalt in soils and corresponding rock samples.

Work to date at the Stillwater West project has identified two broad target types – large-scale “Platreef-style” mineralization and higher-grade “Reef-type” deposits – with 12 broad target areas across the more than 20 kilometre long main claim block, plus three satellite blocks which contain additional zones of interest.

Compilation and analysis by Group Ten shows the potential for multiple deposits and indications of a much larger mineralized system than has been previously recognized.

Of particular focus are those areas that show characteristics of a “Platreef-style” setting in the lower Stillwater Complex stratigraphy that may be similar to the large-scale high-sulphide PGE-nickel-copper type deposits seen in the lower Bushveld Complex in South Africa.

Three of the five identified zones in the Iron Mountain area are large-scale, high-sulphide PGE-nickel-copper targets that are a priority for additional work based on the magnitude of the coincident geochemical and geophysical conductor anomalies.

These three broad, conductive anomalies overlap with highly elevated platinum group elements, nickel, copper and chromium values in soils across the entire 8 kilometre length of the Iron Mountain area.

The company also reports that it has identified elevated cobalt values in soil and rock samples covering an area of more than 2.7 kilometres by 1.1 kilometres that correlate closely with nickel values.

Michael Rowley, President and CEO, stated: “We are very pleased with the continued progress of our compilation and interpretation work starting with the Iron Mountain area. We believe that our systematic approach to evaluating this under-explored part of the Stillwater Complex can result in substantial new value-creating discoveries, especially in light of the advancements in understanding of similar settings such as the Bushveld in South Africa. The recognition of the potential for significant cobalt at Stillwater West, within the United States, is an exciting development which expands our exposure in the technology and battery materials space at a time when sources from the developed world are increasingly desirable and the US Government has defined cobalt as a ‘critical commodity’. We look forward to providing further technical releases from the Iron Mountain target area and other target areas at Stillwater West, as part of our 2018 exploration program, in the coming weeks.”

In addition to the Stillwater West project in Montana, the company holds the Kluane Ni-Cu-PGE project adjacent to Nickel Creek Platinum‘s Wellgreen deposit in the Yukon Territory, and the Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario.

The company will be attending the 121 Mining Investment conferences in London, UK on May 17th
and 18th, and New York City on June 5th and 6th.

The shares are trading at $0.23.

For more information, please visit www.GroupTenMetals.com, contact Michael Rowley, President and CEO, at 604-357-4790, or email info@GroupTenMetals.com.
I’m Samantha Deutscher for Investmentpitch Media