Further results from the Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) Wellgreen PGM-Ni-Cu Project 2012 drill program were announced.
As quoted in the press release:
Five surface (WS12-195, 196, 197, 200, & 206) and four underground holes (WU12-541, 543, 546, & 547) all intercepted significant mineralized widths highlighted by 268 metres of 0.52% NiEq including 44.04 metres grading 0.47% Cu, 0.24% Ni, and 1.03 g/t PGM+Au (WU12-541).
Prophecy Chairman John Lee said:
This year’s drilling has just passed the 10,000 metre mark. Results so far have demonstrated mineralisation of significant strike and width, with several high-grade intercepts. We are bullish on PGM and nickel prices going forward. The price of nickel appears to be embarking on a stealthy run recently (up 10% at $8.2/lb in September). We expect further positive drill results from Wellgreen shortly.