Platinum Group Metals Files Waterberg Preliminary Economic Assessment
13 Março 2014 - 5:06PM
Marketwired
Platinum Group Metals Files Waterberg Preliminary Economic
Assessment
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 13, 2014) -
Platinum Group Metals Ltd. (TSX:PTM)(NYSEMKT:PLG) ("Platinum Group"
or the "Company") announces that further to its news release dated
February 14, 2014 (the "Release") announcing a positive preliminary
economic assessment ("PEA") on the Company's Waterberg Joint
Venture Project located in the northern limb of the Bushveld
Complex of South Africa, it has today filed the associated National
Instrument 43-101 technical report. The report, entitled "Waterberg
Mineral Project Preliminary Economic Assessment" is dated effective
February 14, 2014 and was prepared by Dr. Michael Roberts, MSc,
PhD, SAIMM of Worley Parsons TWP and Kenneth Lomberg, B.Sc. (Hons)
Geology, B. Com., M. Eng. Pr.Sci.Nat., MGSSA, of Coffey Mining (SA)
Pty Ltd. supporting the disclosure of the PEA. The technical report
is consistent in all material respects with the PEA and mineral
resource information announced in the Release. A copy of the report
can be found at http://www.sedar.com/ and on the Company's website
at www.platinumgroupmetals.net.
About Platinum Group Metals Ltd.
Platinum Group is based in Johannesburg, South Africa and
Vancouver, Canada. The Company's business is currently focused on
the construction of the WBJV Project 1 platinum mine and the newly
discovered Waterberg platinum deposit, where the Company is the
operator of the Waterberg Joint Venture Project with JOGMEC and
Mnombo. The Company has also expanded its exploration northward on
to the Waterberg Extension project. As a result of the resource
scale and thickness of the Waterberg deposit, the Waterberg Joint
Venture project and the Waterberg Extension project have increased
in importance in the Company's business.
The Toronto Stock Exchange and the NYSEMKT LLC have not
reviewed and do not accept responsibility for the accuracy or
adequacy of this news release, which has been prepared by
management.
This press release contains forward-looking information
within the meaning of Canadian securities laws and forward-looking
statements within the meaning of U.S. securities laws
("forward-looking statements"). Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, plans, postulate and similar expressions, or are
those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are
forward-looking statements. Forward-looking statements in this
press release include, without limitation, the extent and timing of
exploration and development programs and exploration and
development results, potential production from and viability of the
Company's properties. These forward-looking statements are made as
of the date of this press release. Although the Company believes
the forward-looking statements in this press release are
reasonable, it can give no assurance that the expectations and
assumptions in such statements will prove to be correct. The
Company cautions investors that any forward-looking statements by
the Company are not guarantees of future results or performance,
and are subject to risks, uncertainties, assumptions and other
factors which could cause events or outcomes to differ materially
from those expressed or implied by such forward-looking statements.
Such factors and assumptions include, among others, variations in
market conditions; the nature, quality and quantity of any mineral
deposits that may be located; metal prices; other prices and costs;
currency exchange rates; the availability and costs of labour; the
Company's ability to obtain any necessary permits, consents or
authorizations required for its activities; the Company's ability
to access further funding and produce minerals from its properties
successfully or profitably, to continue its projected growth, or to
be fully able to implement its business strategies. In addition,
there are known and unknown risk factors which could cause our
actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Known risk factors
include risks associated with exploration and project development;
the need for additional financing; the calculation of mineral
resources; operational risks associated with mining and mineral
processing; fluctuations in metal prices; title matters; government
regulation; obtaining and renewing necessary licences and permits;
environmental liability and insurance; reliance on key personnel;
currency fluctuations; labour disputes; competition; dilution; the
volatility of our common share price and volume; future sales of
shares by existing shareholders; and other risk factors described
in the Company's Form 40-F annual report, annual information form
and other filings with the SEC and Canadian securities regulators,
which may be viewed at www.sec.gov and www.sedar.com, respectively.
Although we have attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. We are under no
obligation to update or alter any forward-looking statements except
as required under applicable securities laws.
Platinum Group Metals Ltd., VancouverR. Michael
JonesPresident(604) 899-5450 / Toll Free: (866) 899-5450Platinum
Group Metals Ltd., VancouverKris BegicVP, Corporate
Development(604) 899-5450 / Toll Free: (866)
899-5450www.platinumgroupmetals.net
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