Platinum Group Metals Update

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Thu, Jul 22, 2010
Platinum Company News
Post by Anne Bagchi, Platinum Researcher

Platinum Group Metals Ltd. (TSX:PTM)(NYSE Amex:PLG) reported that it has reviewed the recent order of the mines inspector in South Africa with respect to safety measures and operating restrictions on room and pillar mining operations.

The press release is quoted as saying:

The Company reports that the conventional 275,000 ounce 4E (platinum, palladium, rhodium and gold) mine design in the Updated Feasibility Study for the Western Bushveld Joint Venture (“WBJV”) Project 1 is unaffected by the order and remains unchanged. Platinum Group completed a review of the reported order on Friday July 16, 2010 with its internal engineers and mine planners and consulted with its independent rock mechanics engineer involved in the feasibility study.

Click here to access the entire press release

Click here to access Platinum Group Metals Ltd. Corporate Site

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