Wellgreen Platinum Ltd. (TSXV:WG,OTCQX:WGPLF) has announced a significantly upgraded and expanded 43-101 Mineral Resource Estimate for its Wellgreen platinum-nickel-copper project. The 100 percent owned Wellgreen project is located in Canada’s Yukon.

As quoted in the press release, highlights from the PEA included:

  • Measured & Indicated (“M&I”) Mineral Resources increased to 330 million tonnes at 1.67 g/t platinum equivalent (“Pt Eq.”) or 0.44% nickel equivalent (“Ni Eq.”) at a 0.57 g/t Pt Eq. cut-off or 0.15% Ni Eq. cut‐off in a pit constrained resource containing 5.53 million ounces of 3E (platinum +palladium +gold) with 1,894 million pounds of nickel and 1,021 million pounds of copper (See detailed breakdown in Table 1 below).
  • Inferred Mineral Resource increased to 846 million tonnes at 1.57 g/t Pt Eq. or 0.41% Ni Eq. at a 0.57 g/t Pt Eq. cut-off or 0.15% Ni Eq. cut‐off in a pit constrained resource containing 13.8 million ounces of 3E (platinum +palladium +gold) with 4,431 million pounds of nickel and 2,595 million pounds of copper.
  • Higher Grade Measured & Indicated (“M&I”) Mineral Resource of 72 million tonnes at 2.49 g/t Pt Eq. or 0.65% Ni Eq. at a 1.9 g/t Pt Eq. cut-off or 0.50% Ni Eq. cut‐off containing 2.13 million ounces of 3E (platinum +palladium +gold) with 527 million pounds of nickel and 462 million pounds of copper.
  • Higher Grade Inferred Mineral Resource of 174 million tonnes at 2.41 g/t Pt Eq or 0.63% Ni Eq at a 1.9 g/t Pt Eq cut-off or 0.50% Ni Eq. cut‐off containing 5.06 million ounces of 3E (platinum +palladium +gold) with 1,182 million pounds of nickel and 1,153 million pounds copper.

Wellgreen president and CEO, Greg Johnson, said:

The new resource estimate is an important component for completion of the updated PEA, and will be followed by the conclusion of the metallurgical program and PEA engineering, which we expect to complete over the next two months. With the successful closing of our $6.9 million equity financing in June the metallurgical and engineering programs are progressing well and we look forward to providing additional updates in the weeks and months ahead.

Click here to read the Wellgreen Platinum Ltd. (TSXV:WG) press release