| To: Ptaskmaster who started this subject | 5/16/2002 9:14:49 AM | | From: Natasha_Kidd | | | | Check this out. The information should be out at the opening:
PLATINUM GROUP METALS SEES INCREASED POTENTIAL AT LEVACK BLOCK FOLLOWING THE McCREEDY WEST DISCOVERY
Platinum Group Metals Ltd. (PTM: TSX Venture Exchange) is pleased to announce that it has completed a ground magnetic geophysical survey and reviewed the regional gravity data and geological setting on the Company’s, 100% owned, Levack Block 3km north west of the discoveries announced today at the McCreedy West and Levack Mines, Sudbury Ontario. The survey completed in the past few weeks along with the gravity data and the new model for the area, indicate potential for a previously unmapped Offset Dyke and mineralization on the Levack Block.
A significant new embayment of the Sudbury Intrusive Structure was announced in the McCreedy West area today. Embayments are important structural controls for mineralization along the Sudbury Intrusive Structure and the mineralization along them commonly extend outwards. There is a 1.9% Nickel occurrence in Sudbury breccia rocks, on surface, on the Levack Block.
The Levack Block will be targeted for sampling and geological mapping and an Electromagnetic Survey looking for conductors, to test the new model for the property.
PTM holds three properties covering 1328 hectares (3281 acres) in the very active West Sudbury Basin area.
PTM maintains a large portfolio of mineral rights in Canada focused on PGE potential. The Company also continues to pursue confidential property acquisitions. |
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| To: Natasha_Kidd who wrote (503) | 5/30/2002 10:26:10 PM | | From: ali | | | | Hi Natasha, I shall glance at PTM now and then, but as I do not invest outside Canada, I won't buy it regardless.I'm quite committed in Sudbury where my hopes are on fgr.a /glb.I don't know if you are following it or not, but for me it is THE play to watch.Drilling is underway and it was not even their priority to drill there.Their # 1 interest is Cobalt Hill and the ELO is #2.Wolf lake should remain #3, except if gold goes to $350 ,then it may get faster attention as they have anywhere from one to two hundred thousand (no official figure available)oz at shallow depth,easily to be accessed.A ramp may be planed there.If you live around Sudbury,you can buy yourself a pan and get your gold out of the Wolf Lake which is northeast of Sudbury.And it's free if you don't mind the black flies.There is also a foot thick vein of gold 700 feet under the lake yielding 22 (twenty-two) oz /t.If you are familiar with the mining jingo,a read of the Schandle report, which is available from the Vancouver exchange, would be an interesting bit for the exploration in the Sudbury mining camp.
Despite all the criticism,Flag has a pool of knowledgeable people it can call on for assistance at little or no cost and it is just a matter time before it will pay of.
I wish you the best of luck with your endeavour and hope we both strike it rich.
Best regards,ali |
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| To: ali who wrote (504) | 6/2/2002 7:38:43 PM | | From: Natasha_Kidd | | | | Ali,
Okay, I just thought I would mention Platinum Metals Group (PTM) because you have posted on the thread in the past. The company has an interest in the Sudbury area, for sure - but is also expanding it's horizons.
I usually hold my breath when a small junior like this wants to go globe-trotting, but in my opinion, this is an exception.
You mention Wolf Lake. Correct me if I'm wrong, but isn't that where Callanan Mines has a stake? |
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| To: Ptaskmaster who started this subject | 6/3/2002 2:28:02 PM | | From: Natasha_Kidd | | | | Whoa! Even better a release than I expected!
Platinum Group Metals Ltd.
Suite 800 – 409 Granville Street, Vancouver BC, V6C 1T2
Telephone: (604) 899-5450 Fax: (604) 484-4710
E-mail: info@platinumgroupmetals.net Web Site: www.platinumgroupmetals.net TSX: PTMSEC Form 20F, File No. 0-30306
No. 02-33 NEWS RELEASE JUNE 3, 2002
PLATINUM GROUP METALS ACQUIRES HIGHLY PROSPECTIVE BUSHVELD, PLATREEF AREA PROPERTIES IN SOUTH AFRICA
Platinum Group Metals Ltd. (PTM: TSX Venture Exchange) is pleased to announce that it has acquired the option to purchase 100% of two platinum properties, covering 4,573 hectares in the Northern limb or Platreef Area of the Bushveld Complex. The Bushveld Complex is the large geological feature that hosts most of the world’s Platinum.
The first of the two groups is the War Springs Property located south directly along the Platreef contact, 17 kilometers from the currently producing Anglo PPRust Platinum Mine hosting more than 50 million ounces of PGE resources, and 10 kilometers south of the active large-scale drilling program of African Minerals Ltd. This property covers 2,396 ha. The prospective Platreef contact zone has been mapped to cross the property for more than 5 kilometers. This zone is not known to have been tested with a large-scale systematic drilling program previously. Applications for prospecting permits will be filed immediately to start surface work to target a drilling program of more than 5000 meters by PTM as soon as possible.
The second property, Tweespalk Property, is located approximately 25 kilometers north of the PPRust Mine along the Platreef contact. This property covers 2177ha and approximately 3km of the prospective contact and again applications will be filed to start work immediately.
A $1,000,000 Brokered Private Placement, previously announced will close with this acquisition.
The Contract provides the Option for PTM to Purchase 100% of the Mineral Rights at any time over three years. The agreement is with a Private Partnership that has brought together previously fragmented mineral rights. PTM has agreed to pay $2.50USD per hectare, $2.75 per hectare and $3.25 per hectare in the Prospecting fees to the mineral rights holders in years one, two and three. PTM can purchase the mineral rights for $475USD per hectare in year one, or $570USD per hectare in year two or $690USD per hectare in year three. If the mineral rights were purchased in year three the cost would be $1.6 million US for War Springs and 1.5 million US for Tweespalk. PTM has also agreed to pay a 1% Net Smelter Returns Royalty to the Mineral Rights holders subject to PTM’s right to purchase the NSR at any time for $1,400,000USD. The Mineral Rights holders may require PTM to purchase the NSR upon the commencement of commercial production for $1,400,000USD.
GeoActiv Dynamic Geological Services will be paid a 5% finders fee by PTM on payments to the mineral rights holders when paid. GeoActiv is very experienced in platinum exploration and resource definition. GeoActiv is further engaged by PTM to pursue additional South African acquisitions. |
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| To: Ptaskmaster who started this subject | 6/19/2002 10:04:30 PM | | From: Natasha_Kidd | | | | June 19th News Release
Platinum Group Metals Ltd.
Suite 800 – 409 Granville Street, Vancouver BC, V6C 1T2
Telephone: (604) 899-5450 Fax: (604) 484-4710
E-mail: info@platinumgroupmetals.net Web Site: www.platinumgroupmetals.net TSX: PTMSEC Form 20F, File No. 0-30306
No. 02-35 NEWS RELEASE JUNE 19, 2002
PTM Grants South African Team Incentive Stock Options
Platinum Group Metals Ltd. (TSX Venture Exchange: PTM) has granted two principals of GeoActiv Dynamic Geological Services a total of 300,000 incentive stock options, subject to final documentation and regulatory approval. The Options are exercisable at a price of $0.60 per share and will expire after a term of five years.
GeoActiv and the Company recently entered into an agreement whereby GeoActiv will serve as the Company’s acquisitions, technical and operational team in the Republic of South Africa. As our consultants in South Africa, GeoActiv was instrumental in our most recent acquisitions of the War Springs and Tweespalk properties along the Platreef contact of the Bushveld Intrusive Complex (see press release dated June 3, 2002). GeoActiv is a highly qualified and respected firm with extensive exploration and development experience. Their clients have included some of the world’s largest producers of platinum and palladium and they have worked extensively on projects in the Bushveld area of South Africa. GeoActiv is currently laying the groundwork for exploration and drilling on both of the Company’s new South African properties.
Stock options previously issued to purchase 530,000 shares at $0.35 will expire in March 2007 and 1,085,000 stock options at $0.55 will expire January 2005 and March 2007. The Company currently has 21,519,975 shares issued and outstanding and fully diluted shares are 25,472,771. After the Option issuance noted above the Company will have 25,772,771 shares fully diluted.
In addition to its South African properties, PTM is the largest mineral rights holder surrounding the Lac des Iles palladium mine. Lac des Iles is one of only two primary producing platinum or palladium mines in all of North America. The company’s Lac des Iles area land position has several drill-ready platinum-palladium targets. Four holes, totaling about 800m, will be drilled by Wheaton River (TSX: WRM) as they incur $200,000 in expenditures pursuant to an option agreement announce by the company on May 10, 2002. PTM also holds significant land positions in the Sudbury area, including all of the Agnew Lake Intrusion, located west of Sudbury. Anglo American Platinum Corporation Limited is currently financing a major exploration program managed by Pacific North West Capital (TSX: PFN) on the Agnew Lake property. Recently PTM brought the total committed funding on Canadian properties up to $1.55M through the agreement with Arcata Resources (TSX Venture Exchange: ARR) to fund exploration on PTM’s Western Sudbury Basin Properties. |
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| To: Ptaskmaster who started this subject | 6/20/2002 1:09:56 PM | | From: Attackjock | | | | Questions to the Board
Lurker here and have learned greatly from you genteel/savvy posters,thanks.I am a US citizen living in the US and want
to open an online brokerage account that will:
-Allow me to trade Canadian stocks at low brokerage fees.
-Hold an account in Canadian dollars (to take advantage of
declining USD)
-Get real time quotes on Canadian stocks, preferably from my broker
-Will i have to pay cap gains tax to Canada on gains?
-How to receive a fair exchange rate going from USD to C
dollars and vice versa.
Thanks in advance. |
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| To: Ptaskmaster who started this subject | 6/20/2002 8:36:58 PM | | From: Natasha_Kidd | | | | PTM ready to break out...
Mike Jones is as we speak flying to London to meet with two large fund managers. After that, he's off to another country to tie up another promising piece of property. Keep an eye on this one. |
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| To: Natasha_Kidd who wrote (510) | 8/15/2002 7:26:13 PM | | From: CIMA | | | | Starfield Resources Inc.: 800 Meter Westerly Stepout Encounters Higher Grade Massive Sulphides
VANCOUVER, BRITISH COLUMBIA--
Ferguson Lake Nickel-Copper-Cobalt-Platinum-Palladium Project, Nunavut, Canada
Hole 02-119 tested an inverse magnetic anomaly coincident with a UTEM conductor 800 meters west of the nearest westerly hole 01-101 and results are tabled below. This coincident geophysical anomaly extends from 7400 West to 8800 West (1400 meters).
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Hole No Inclination Location Interval Length Cu Ni
(m) (m) ( % ) ( % )
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FL02-119 -76.5
degrees L76-00W,
5 - 55N 1029.08-
1030.68 1.60 0.59 1.84
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1068.68-
1080.06 11.38 1.86 0.86
-----------------------------------------------------------------
Including
068.68-
1075.05 6.37 2.07 0.94
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Including
1075.65-
1080.06 4.41 1.78 0.86
-----------------------------------------------------------------
Including
1078.65-
1080.06 1.41 2.40 1.27
-----------------------------------------------------------------
-----------------------------------------------------------------
Hole No Inclination Location Interval Co Pd Pt
(m) ( % ) g/t g/t
-----------------------------------------------------------------
FL02-119 -76.5
degrees L76-00W,
5 - 55N 1029.08-
1030.68 0.206 3.73 0.11
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1068.68-
1080.06 0.102 2.45 0.27
-----------------------------------------------------------------
Including
068.68-
1075.05 0.110 2.48 0.16
-----------------------------------------------------------------
Including
1075.65-
1080.06 0.102 2.72 0.45
-----------------------------------------------------------------
Including
1078.65-
1080.06 0.148 4.29 1.23
-----------------------------------------------------------------
Drill hole 02-112 passed underneath the coincident anomalies due to either a dip change or faulting. Hole 02-112 is characterized by disseminated and stringer mineralization over an interval of 226 meters. Drill hole 02-119 drilled updip 300 meters from 02-112 intersected the lower edge of the magnetic high, and is characterized by two mineralized horizons (see table) An 11.38 meter section of massive sulphide graded 1.86% Copper, 0.86% Nickel, 2.45 grams/tonne Palladium and 0.27 grams/tonne Platinum and 0.102% Cobalt. Over 30 meters above the massive sulphide intercept a 15 meter interval of stringer and minor massive sulphide was encountered which yielded a section of 1.6 meters grading 0.59% Copper, 1.84 % Nickel, 3.73 grams/tonne Palladium and 0.11 grams/tonne Platinum and 0.206 % Cobalt. Of interest, at the base of the 11. 3 meters of massive sulphide an intersection of 1.41 meters exists grading 2.4% Copper, 1.27% Nickel, 4.29 grams/tonne Palladium and 1.23 grams/tonne Platinum and 0.148% Cobalt.
Currently 02-132 is drilling 120 meters updip of 02-119. A second drill rig has been mobilized to line 80 +00W, a further 400 meter step out to aid in the evaluation of this important development.
On Behalf of the Board of Directors,
"Glen Macdonald"
Glen C. Macdonald, P.Geo., Director
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
--------------------------------------------------------------------------------
Contact:
Starfield Resources Inc.
Glen C. Macdonald
P.Geo., Director
Phone: (604) 608-0400
Fax: (604) 608-0344
Toll Free: (877) 233-2244
info@starfieldres.com / starfieldres.com |
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