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June 12, 2014
08:10 EDTPLGPlatinum Group says Waterberg resource increases significantly
Platinum Group Metals announces an increase in the estimated Inferred Mineral Resource at the Waterberg Joint Venture and adjacent Waterberg Extension to 29M ounces of platinum, palladium, rhodium and gold. Total inferred resources in the "T" and "F" layers are estimated at 287M tonnes grading 3.15 g/t 4E. Included in the mineral resource estimate at Waterberg is the initial inferred resource estimate on the Waterberg Extension property of 6.8M ounces. Platinum Group Metals holds a 49.9% effective interest in the Waterberg Joint Venture and 87.0% of the Waterberg Extension property. Resources attributable to Platinum Group Metals' interest total approximately 17M 4E ounces.
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