Mining Weekly reported that Vancouver-based mining company, Platinum Group Metals (PTM) announced its updated ten-million ounce inferred mineral resource estimate for platinum and other metals for the Waterberg joint venture property, which it owns in partnership with Japan Oil, Gas and Metals National Corporation (Jogmec).
As quoted in the market news:
The current resource covers only 250 m of influence up dip and eastward into a new permit that was granted earlier in January. The deposit remains open along strike onto permits under application as well as up-dip. Drilling continues and has been ramped up from 10 to 15 drill rigs, mainly focused on the up-dip potential of the deposit.