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Michael Rowley, President and CEO, commented, “We are very pleased to confirm potentially significant values of rhodium in multiple target areas at Stillwater West. Our work targeting this rare and very valuable metal in 2019 not only identified grades that are significantly above the majority of current mine grades, but also identified a potential source of the metal in North America at a time when the US is looking to secure domestic supplies of platinum group elements. At current prices, 0.5 g/t of rhodium is equivalent to more than 5 g/t of platinum, so it quickly adds value as a potential co-product. We now have a much better understanding of the occurrence of rhodium in the lower Stillwater complex, and can target it accordingly in future campaigns based on the success of this program. Stillwater West continues to yield exciting results starting with the broad intercepts of exceptional PGE-Ni-Cu-Co grades reported previously and, more recently, high-grade gold and rhodium results. We look forward to providing further news including updates on 3D modelling work at the most advanced target areas in addition to summaries of our work at reef-type targets, and our plans and expectations for the 2020 field season at Stillwater.”
Group Ten Metals Inc.
Tel: +1 (604) 357-4790
Fax: +1 (604) 648-8573
Toll Free: +1 (888) 432-0075
Email: info@grouptenmetals.com