(TheNewswire)
Saskatoon, SK / TheNewswire / May 24, 2018 - Canadian Platinum Corp. (“CPC” or the
“Company”-TSXV:CPC) is pleased to provide an update on the status of the initial
exploration program currently underway on the Cook Gold Project in northern Nevada.
Managed by Axiom Exploration Ltd., of Saskatoon, SK, an airborne magnetometer survey, carried out by Pioneer
Aerial Surveys Ltd., was completed over the project area. Orthomosaic photogrammetry over the property was also completed for
survey control and preparation of orthomosaic maps and digital elevation models. SpecTIR LLC., based in Reno, Nevada, flew a
fixed-wing airborne hyperspectral survey over the project area, designed in part to identify alteration minerals associated with,
in this case, gold and gold-copper mineralizing systems.
Geologists commenced initial geological and structural mapping over the property along with surface sampling.
Ground crews have now located 35 historic mine workings on the property, represented by both adits and shafts, mostly
undocumented in available historic reports.
The airborne magnetic and hyperspectral data is now being processed and rock samples have been submitted to the
Saskatchewan Research Council (“SRC”) laboratory in Saskatoon for assay.
The 70%-owned Cook Gold Project consists of 88 lode claims located 100 km northwest of Winnemucca, Nevada.
Historical surface and underground sampling outlined a 2.1 km X 0.6 km corridor hosting significant gold, silver and copper
mineralization. Historic results can be viewed on the Company website www.canplats.ca .
Based on the interpretation of the airborne data and the assay results, further ground work will be carried out
including geochemical and geophysical surveys, detailed structural mapping and interpretation, drill target selection and
drilling.
Gary Billingsley, President, comments “We’re very pleased with the progress of the exploration work
to date. One thing that wasn’t anticipated was the abundance of copper mineralization visually identified on the property,
usually as malachite and bornite. We’ll have a better idea of how significant this is when we receive the assay results from
the SRC.”
Qualified Persons
The technical data in this news release have been prepared, reviewed, and approved by Gary
Billingsley, PEng, PGeo, a qualified person under the terms of National Instrument 43-101.
About Canadian Platinum Corp.
Canadian Platinum Corp. is a Canadian-based resource exploration and development company with its
head office in Saskatoon, SK. CPC is focused on the acquisition and development of a diversified
portfolio of resource properties that include platinum group elements, precious metals, base metals and strategic metals, including
cobalt.
CANADIAN PLATINUM TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL “CPC”.
For more information, including news releases and technical reports providing more detail on the contents of
this news release, please visit our website at www.canplats.ca.
For further information:
Canadian Platinum Corp.
Gary Billingsley, President
Phone: 306-242-7363
Facsimile: 306-992-0729
www.canplats.ca
To receive information by e-mail, visit www.canplats.ca and click “Contact”.
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CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking
statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or
achievements of the Corporation to be materially different from any future results, performances or achievements expressed or
implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date
of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale
would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from
registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under
United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the
management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ
materially from those described above.
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