Monday 26th September 2016

Resource Clips



Prophecy reports Yukon Assays of 0.31 g/t Platinum, 0.29 g/t Palladium, 0.06 g/t Gold, 0.2% Copper, 0.27% Nickel over 304.5m

Resource Clips - essential news on junior gold mining and junior silver miningProphecy Platinum Corp TSXV:NKL announced results from its Wellgreen PGM-Nickel-Copper Project in southwestern Yukon. Highlights include

0.31 g/t platinum, 0.29 g/t palladium, 0.06 g/t gold, 0.2% copper, 0.27% nickel and 0.014% cobalt over 304.5 metres
(including 0.69 g/t platinum, 0.44 g/t palladium, 0.15 g/t gold, 0.62% copper, 0.34% nickel and 0.019% cobalt over 21.03 metres)
0.35 g/t platinum, 0.17 g/t palladium, 0.03 g/t gold, 0.2% copper, 0.26% nickel and 0.016% cobalt over 28.52 metres
0.28 g/t platinum, 0.28 g/t palladium, 0.08 g/t gold, 0.26% copper, 0.27% nickel and 0.017% cobalt over 180.87 metres
(including 0.38 g/t platinum, 0.34 g/t palladium, 0.12 g/t gold, 0.4% copper, 0.31% nickel and 0.02% cobalt over 106.6 metres)
0.16 g/t platinum, 0.21 g/t palladium, 0.02 g/t gold, 0.09% copper, 0.26% nickel and 0.014% cobalt over 459.45 metres
(including 0.09 g/t platinum, 0.15 g/t palladium, 0.01 g/t gold, 0.03% copper, 0.24% nickel and 0.013% cobalt over 52.95 metres)

True widths have yet to be determined. Depths range to 463 metres.

The company also announced it has issued 83,333 bonus shares at a price of $1.50 per share for proceeds of $125,000 to an affiliate of the Kluane First Nation. The securities are subject to a four-month hold and a contractual hold of two years ending September 4, 2014.

Chairman John Lee commented: “Wellgreen is a very large nickel-copper-PGM project with near-surface high-grade zones. High-grade intercepts will be incorporated into resource modelling and mine planning in the prefeasibility study. We expect further positive drill results from Wellgreen shortly.”

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Contact:
Chris Ackerman
Senior IR Manager
800.459.5583

Read feature stories about Prophecy Platinum Corp here and here.

by Greg Klein

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