Prophecy Platinum Corp TSXV:NKL reported results from its 100%-owned Wellgreen Platinum Group Metals-Nickel-Copper Project, located in the Yukon Territory. Highlights include

0.13% copper, 0.24% nickel, 0.22 grams per tonne platinum, 0.21 g/t palladium, 0.04 g/t gold over 242.62 metres
(including 0.23% copper, 0.24% nickel, 0.31 g/t platinum, 0.4 g/t palladium, 0.04 g/t gold over 50.9 metres)
(including 0.27% copper, 0.5% nickel, 0.42 g/t platinum, 0.59 g/t palladium, 0.04 g/t gold over 18.14 metres)

Chairman John Lee commented, “These infill drill results of significant widths and grades continue to define and enhance Wellgreen’s resource model. Production has been great, and additional rigs have arrived on site. We have started to drill several exciting surface soil-anomalies to expand Wellgreen’s strike.”

Prophecy also announced today that its takeover of URSA Major Minerals Inc TSX:UMJ will close July 16. On closing, Prophecy Platinum will issue one common share for each 25 common shares of URSA Major.

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David Brook
Manager, Investor Relations
1.800.358.5865

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by Kevin Michael Grace

This article was posted by Kevin Michael Grace - Resource Clips on Tuesday, June 19th, 2012 at 2:10 pm.