Monday 5th December 2016

Resource Clips



Prophecy reports Yukon Assays up to 0.6 g/t PGM + Gold over 242m

Resource Clips - essential news on junior gold mining and junior silver miningProphecy Platinum Corp TSXV:NKL reported results from its 100%-owned Wellgreen Platinum Group Metals-Nickel-Copper Project, located in the Yukon Territory. Highlights include

0.2 grams per tonne platinum, 0.32 g/t palladium, 0.04 g/t gold, 0.55 g/t PGM+gold over 284.35 metres
0.2 g/t platinum, 0.32 g/t palladium, 0.04 g/t gold, 0.55 g/t PGM+gold over 284.35 metres
0.21 g/t platinum, 0.25 g/t palladium, 0.04 g/t gold, 0.5 g/t PGM+gold over 189.28 metres
(including 0.66 g/t platinum, 0.47 g/t palladium, 0.11 g/t gold, 1.24 g/t PGM+gold over 13.11 metres
0.25 g/t platinum, 0.24 g/t palladium, 0.06 g/t gold, 0.56 g/t PGM+gold over 94.18 metres
0.24 g/t platinum, 0.23 g/t palladium, 0.05 g/t gold, 0.51 g/t PGM+gold over 213.06 metres
0.27 g/t platinum, 0.29 g/t palladium, 0.04 g/t gold, 0.6 g/t PGM+gold over 241.01 metres
(including 0.57 g/t platinum, 0.45 g/t palladium, 0.09 g/t gold, 1.11 g/t PGM+gold over 51.51 metres

According to a June 2012 preliminary economic assessment, Wellgreen hosts (at a 0.22% nickel-equivalent cutoff), an indicated pitshell of 14.4 million tonnes grading 0.68% nickel, 0.62% copper, 0.05% cobalt, 0.51 grams per tonne gold, 0.99 g/t platinum and 0.73 g/t palladium. The inferred pitshell is 446.6 million tonnes grading 0.31% nickel, 0.25 copper, 0.02% cobalt, 0.16 g/t gold, 0.38 g/t platinum and 0.33 g/t palladium.

Prophecy also announced the appointment of Rob Bruggeman of Institutional Equity Sales & Trading Group as Vice President, Corporate Development.

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Chris Ackerman
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