Platinum Group Metals (TSX: T.PTM, Stock Forum) Monday reported that Hole WB-99 at its 50% owned Waterberg deposit in South Africa has intersected 25.5 meters of the T2 layer grading 1.86 g/t platinum, 3.20 g/t palladium, and 1.37 g/t gold, 0.34% copper, and 0.17% nickel over a core length of 25.5 metres at a depth of 681.0 metres to 706.5 metres, this according to a company news release.
"This intercept is important because it's high grade, thick, relatively near surface, open up dip, is an 800 meter step out from the most north eastern intercept and it increases the potential of the best grade, best metallurgical recovery layer in the Waterberg deposit. The intercept is in position, at the predicted depth, with the signature 20% gold ratio in the precious metals basket, further confirming it to be T2," said Platinum Group Metals CEO R. Michael Jones.