Group Ten
Metals Identifies 18 Kilometer-Long Soil Anomaly and Expands
at Stillwater West Project in Montana, USA
Vancouver, BC -- January 10, 2018 --
InvestorsHub NewsWire -- Group Ten Metals Inc. (TSX.V: PGE;
US OTC:
PGEZF; FSE: 5D32)
(the "Company" or "Group Ten") is
pleased to announce that it has identified an extensive area of
highlyelevated platinum group elements (PGE), nickel, copper and
chromium in soils at its Stillwater West project, in south-central
Montana. The highly anomalous soil values, which cover the Chrome
Mountain and Iron Mountain target areas and measure approximately
10km and 8km long respectively, are up to 2km in width with grades
exceeding 100 ppb palladium, platinum and gold, greater than 1,250
ppm nickel and copper, and more than 4,000 ppm chromium. The soil
anomalies, shown in Figure 1 below, cover approximately 18
kilometerers (11.2 miles) of strike length over the lower
Stillwater Ultramafic and Basal Series stratigraphy and include
more than 13,500 soil assays. Importantly, Tthe correlations of
these soil values with mineralization in the Basal and Ultramafic
zones of the lower Stillwater Complex, as shown in Figure 2,
demonstrate that soils are a highlyeffective tool for targeting PGE
and Ni-Cu deposits in the district.
Group Ten further
announces also announced that it has
acquiredthe acquisition of
an additional
further
51 claims
at the Stillwater West
project, expanding the Company's
holdings to 44 square kilometers (17 square miles)
covering the
lower Stillwater Complex. The Stillwater West
project now totals
539
claims
adjoining, and adjacent to,
Sibanye-Stillwater's high-grade Stillwater PGE mines
which
occur along the
J-M Reef;, one of the
world's
largest and
richest PGE deposits with a Measured and Indicated
resource of 31.3 million ounces at a grade of 17.0 grams
per
tonne
(g/t)
Pt+Pd, plus an additional 49.4 million
ounces at 16.6 g/t Pt+Pd in Inferred
resources1, and over 12 million
ounces Pt+Pd historic production to
date at
similar grades2.
The Stillwater Complex
is a
layered mafic-ultramafic intrusion recognized as one of the top
regions in the world for PGE-nickel-copper mineralization,
alongside the Bushveld Complex and Great Dyke in southern
Africa3. Work at Group Ten's
Stillwater West
property has identified three broad
deposit target types including "Reef Type" high-grade PGE-Ni-Cu
deposits, disseminated PGE-Cr-Ni-Cu deposits, and magmatic
sulphide-related "Contact
Type" PGE-Ni-Cu
deposits.
Group Ten's Picket Pin
deposit in the upper portion
of the Stillwater
Complex is a Reef Type deposit
similar
to
Sibanye-Stillwater's
J-M Reef
deposit, with high-grade PGE
mineralization associated with nickel and copper sulphides. These Reef Type deposits are
similar in style to the Merensky Reef in the Bushveld
Complex in
South
Africa,
which hosts some of the world's largest and highest-grade PGE
deposits.
Group Ten's claims
covering the lower Stillwater Complex
stratigraphy include the Chrome Mountain and Iron Mountain target
areas,
which show potential for much
larger-scale disseminated and
high-sulphide PGE-nickel-copper type
deposits, possibly potentially similar to
the lower
Bushveld
Complex.
At the Chrome Mountain target
area, a newly-recognized
style of
PGE
mineralization is associated with disseminated
chromite over broad stratigraphic intervals tens or hundreds of meters in
thickness.
Host
rocks are complexly textured Ultramafic
Series lithologies that are locally pegmatoidal
and have
features
suggesting the presence of magmatic breccias. This type of mineralization
has not been previously recognized in the Stillwater
Complex and is
spatially-associated with the highest
PGE-Ni-Cu-Cr values in soils at Chrome Mountain.
At the Iron Mountain target
area, mineralization is thought to
be Contact Type, being magmatic sulphide-hosted
PGE-Ni-Cu hosted by lower
Stillwater
Ultramafic and
Basal Series rocks and immediate footwall
lithologies. Primary targets are
accumulations of PGE enriched Ni-Cu sulphides occurring close to the
base of the intrusion that are laterally extensive
and up
to several
hundreds of meters thick. Mineralization
is
often associated
with xenoliths and rafts of country rock, suggesting
their
interaction could have provided a trigger
for sulphide deposition. Comparable deposits may
include the Platreef, Waterberg
and
Mogalakwena
mines
in the Bushveld
Complex3. The Iron Mountain
target
and much of the
lower Ultramafic and Basal Series along strike have significant
potential for deposits of this type and appear to be associated
with the elevated PGE-Ni-Cu values in soils over this
part of the stratigraphy.
Figure 1 3 soils
Figure 2
geology & cross-section
President and CEO Michael
Rowley stated, "We are very excited about the size and strength of the soil anomalies
for the
platinum group elements and their association with nickel, copper
and chromium over such a broad area, which clearly
indicates the presence
ofing a much larger, metal-rich system than was
previously recognized
in the lower
Stillwater Complex stratigraphy. Soil geochemistry has
been shown to be
very effective tool at identifying potential deposit locations
within the complex and we expect to follow-up with
additional work
during the 2018 field season. The Company looks forward to
also
anticipates issuingance ofadditional
geo-technical
releases in Q1 which will further highlight the
potential at our Stillwater West project. More details with respect to
the information
on
noted herein
and our
ongoing compilation work and planned 2018
exploration can be found in our updated corporate presentation on
our website at http://grouptenmetals.com.We look forward to further
technical releases as we continue our compilation work and plan
exploration programs for 2018, and invite readers to view
an updated presentation on our website.""
About Group Ten Metals
Inc.
Group Ten Metals Inc. is a
Canadian mineral exploration company focused on the acquisition and
development of high-quality platinum, palladium, nickel, copper and
gold exploration assets in North America. The Company's holdings
include the Stillwater West PGE-Ni-Cu project adjacent to
Sibanye-Stillwater's high-grade Pd-Pt mines in Montana, the Kluane
Ni-Cu-PGE project adjacent to Nickel Creek
Platinum's Wellgreen deposit in the Yukon Territory, and
the Black Lake-Drayton Gold project in the Rainy River district of
northwest Ontario.
Note 1: Public production records from
1992
to
present.
Note 2: Report on Montana
Platinum Group Metal Mineral Assets of Sibanye-Stillwater, November
2017, Measured and Indicated Resources of 57.2 million
tonnes
grading 17.0
g/t Pt+Pd containing 31.3 million ounces
and 92.5 million tonnes grading 16.6 g/t containing
49.4 million ounces.
Note 3: Magmatic Ore Deposits
in Layered IntrusionsDescriptive Model for Reef-Type PGE and
Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report
20121010.
FOR FURTHER INFORMATION,
PLEASE CONTACT:
Michael Rowley, President,
CEO & Director
Email: info@grouptenmetals.com Phone: (604) 357
4790
Web: http://grouptenmetals.com Toll Free: (888) 432
0075
Quality Control and Quality
Assurance
Mr. Mike Ostenson, P.Geo., is the qualified person
for the purposes of National Instrument 43-101, and he has reviewed
and approved the technical disclosure contained in this news
release.
Forward-Looking
Statements
Forward Looking Statements:
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts including, without limitation,
statements regarding potential mineralization, historic production,
estimation of mineral resources, the realization of mineral
resource estimates, interpretation of prior exploration and
potential exploration results, the timing and success of
exploration activities generally, the timing and results of future
resource estimates, permitting time lines, metal prices and
currency exchange rates, availability of capital, government
regulation of exploration operations, environmental risks,
reclamation, title, and future plans and objectives of the company
are forward-looking statements that involve various risks and
uncertainties. Although Group Ten believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
Forward-looking statements are based on a number of material
factors and assumptions. Factors that could cause actual results to
differ materially from those in forward-looking statements include
failure to obtain necessary approvals, unsuccessful exploration
results, changes in project parameters as plans continue to be
refined, results of future resource estimates, future metal prices,
availability of capital and financing on acceptable terms, general
economic, market or business conditions, risks associated with
regulatory changes, defects in title, availability of personnel,
materials and equipment on a timely basis, accidents or equipment
breakdowns, uninsured risks, delays in receiving government
approvals, unanticipated environmental impacts on operations and
costs to remedy same, and other exploration or other risks detailed
herein and from time to time in the filings made by the companies
with securities regulators. Readers are cautioned that mineral
resources that are not mineral reserves do not have demonstrated
economic viability. Mineral exploration and development of mines is
an inherently risky business. Accordingly, the actual events may
differ materially from those projected in the forward-looking
statements. For more information on Group Ten and the risks and
challenges of their businesses, investors should review their
annual filings that are available at www.sedar.com.
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
