Platinum Group Metals Ltd. - Waterberg Named Global Exploration Discovery of the Year - Mining Journal Awards
December 7, 2012
Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT) is pleased to announce that the Waterberg Project was named Global Exploration Discovery of the Year at the prestigious Mining Journal Outstanding Achievement Awards, part of the Mines and Money conference in London this week. The conference is the largest annual mining convention in Europe which brings together mining companies, financial institutions, investors and professional services personnel from around the world. The voting panel is made up of industry peers and members of the finance industry.
The Waterberg Project is a joint venture between Platinum Group and Japanese state agency for exploration JOGMEC (Japan Oil, Gas, and Metals National Corp.).
The Waterberg discovery has a current strike length totaling 5.5 kilometers and remains open along strike and up-dip. The initial inferred mineral resource of 6.6 million ounces covers approximately 2.8 km on the F layers and 1.8 km kilometers on the T layers. (Initial inferred mineral resource of 68 million tonnes at 3.01 g/t 3E, comprised of 0.94 g/t Pt, 1.71 g/t Pd, 0.37 g/t Au. (Refer to Technical Report titled "Updated Exploration Results and Mineral Resource Estimate for the Waterberg Platinum Project, South Africa" dated November 5, 2012 at www.Sedar.com).
A US $8.37 million 2012 drilling program at Waterberg funded by JOGMEC and the Company is nearing completion. Planning for a 2013 program by the Waterberg joint venture is in progress.
A copy of the awards announcements can be viewed here.
About Platinum Group Metals Ltd.
Platinum Group has an experienced mine building and operating team based in Vancouver, Canada and Johannesburg, South Africa. The Platinum Group management team has a track record of discovery of precious metals mines over the past 20 years. The Company also has an impressive near surface discovery at Waterberg in Joint Venture with Japan Oil, Gas and Metals Corporation, the Japanese state owned Company.
Platinum Group is listed as PLG on the NYSE MKT and PTM on the TSX in Toronto.
For more information, please email info@platinumgroupmetals.net or call 1-866-899-5450
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