On July 14th, 2011 Prophecy Platinum (NKL-TSXV) announced their 43-101mineral resource estimate for its Wellgreen PGE-Ni-Cu property located in the Yukon Territory, Canada. Wellgreen deposit now contains a total inferred resource of 289.2 million tonnes at an average grade of 0.53 g/t platinum, 0.42 g/t palladium, 0.23 g/t gold (1.18 g/t PGM+Gold), 0.38% nickel, and 0.35% copper. Prophecy Platinum's stock moved form $0.77 cents to over $3.00! Rockland's Retty Lake Cu-Ni-PGM property is much earlier stage project, however holds potential for the discovery of economically important massive and disseminated Cu-Ni-PGE bearing sulphide deposits in the heart of the Labrador Trough.
Complete news release here.
Team Picture
Drilling Camp Rockland's Retty Lake Cu-Ni-PGM Property, Labrador Trough, Quebec June 2011
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