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Wellgreen eyes PGM-nickel expansion targets


Last updated 7/17/2016 at Noon

Wellgreen Platinum Ltd. July 12 reported the start of a 2,500-meter drill program and field work at its Wellgreen Platinum group metal-nickel project in southwestern Yukon Territory.

The drilling will test resource expansion potential along the North Arm and the Middle Arm of the deposit, some of which was unclassified in the 2014 resource model and, therefore, categorized as waste in the 2015 Wellgreen preliminary economic assessment; test for the potential conversion of a portion of inferred mineral resources in the Central Zone into the measured and indicated categories, and assess expansion of the starter pit detailed in the 2015 PEA; and test the continuity of higher grade intercepts in the Central Zone in the lower portion of the 2015 PEA base case pit.

Wellgreen plans to conduct borehole electromagnetic survey surveys to assist with targeting potential massive sulfides in the North Arm and Middle Arm.

In addition to field work and a metallurgical review program, the company is conducting environmental baseline, assessment and mitigation studies.


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