Pacific North West Capital Corp. and SOQUEM INC. are pleased to announce the completion of drilling at the Cheneville property, located approximately 120 kilometers northwest of Montreal, QC. The property was staked as part of the Taureau reconnaissance program, which is a 50:50 joint venture between PFN and SOQUEM designed to evaluate the Nickel-Copper-Platinum Group Metal potential of mafic intrusions in the Grenville Geological Province of southern Quebec. SOQUEM INC. acts as operator of the Taureau project.
Pacific North West Capital Corp. and SOQUEM INC. are pleased to announce the completion of drilling at the Cheneville property, located approximately 120 kilometers northwest of Montreal, QC. The property was staked as part of the Taureau reconnaissance program, which is a 50:50 joint venture between PFN and SOQUEM designed to evaluate the Nickel-Copper-Platinum Group Metal potential of mafic intrusions in the Grenville Geological Province of southern Quebec. SOQUEM INC. acts as operator of the Taureau project.
The Cheneville property is, in part, underlain by a series of mafic intrusions that locally host zones of sulphide mineralization. One such zone in the Cheneville intrusion returned average grades of 1.17grams per tonne (g/t) Pd, 0.14g/t Pt, 0.29g/t Au, 1.62% Cu, and 0.35% Ni from two grab samples. The recently completed drilling program at Cheneville was designed to test the down dip continuity of this mineralization. The drilling commenced on November 14, 2008 and was completed on November 18, 2008. A total of 471 meters of drilling was completed in three holes. Assays are pending, and results will be reported when available.
Showing posts with label Platinum. Show all posts
Showing posts with label Platinum. Show all posts
Wednesday, November 26, 2008
Monday, August 25, 2008
The Production of platinum and palladium by The Stillwater Mining Company during the second quarter of 2008
Press releases
The Stillwater Mining Company produced 126,200 oz of platinum and palladium during the second quarter of 2008.
The figure is a reduction on the 133,100 oz produced in the same quarter during 2007.
However, production at the Stillwater Mine increased to 88,100 oz, up from the 84,500 oz produced in the same period last year.
The East Boulder Mine saw production dip from 48,600 oz to 38,100 oz in the second quarter of last year.
A lack of workers with the necessary skills was the reason behind the poor performance at the East Boulder Mine operation, the firm said in a statement.
Francis McAllister, Chairman and Chief Executive Officer of the firm, said that the group was re-assessing its production expectations for the coming year.
“We now believe production for full-year 2008 will be in a range between 515,000 and 525,000 oz,” he said.
Smelting and refining facilities in Columbus produced 115,000 oz of platinum group metals, an increase of 25 per cent.
The Stillwater Mining Company produced 126,200 oz of platinum and palladium during the second quarter of 2008.
The figure is a reduction on the 133,100 oz produced in the same quarter during 2007.
However, production at the Stillwater Mine increased to 88,100 oz, up from the 84,500 oz produced in the same period last year.
The East Boulder Mine saw production dip from 48,600 oz to 38,100 oz in the second quarter of last year.
A lack of workers with the necessary skills was the reason behind the poor performance at the East Boulder Mine operation, the firm said in a statement.
Francis McAllister, Chairman and Chief Executive Officer of the firm, said that the group was re-assessing its production expectations for the coming year.
“We now believe production for full-year 2008 will be in a range between 515,000 and 525,000 oz,” he said.
Smelting and refining facilities in Columbus produced 115,000 oz of platinum group metals, an increase of 25 per cent.
Thursday, August 7, 2008
Top Mining News-FACTBOX-The world’s top platinum producers
Aug 6 (Reuters) - Anglo-Swiss miner Xstrata Plc (XTA.L: Quote, Profile, Research, Stock Buzz) launched on Wednesday a $10 billion takeover bid for the world’s number three platinum producer, Lonmin (LMI.L: Quote, Profile, Research, Stock Buzz), in an attempt to diversify its business from industrial metals such as copper.
Platinum prices soared to record highs earlier this year amid fears over a supply shortage in major producer South Africa. Although prices have since eased, they remain historically high.
Below is the latest available annual output of the world’s top producers of refined platinum.
1. ANGLO PLATINUM (AMSJ.J: Quote, Profile, Research, Stock Buzz)
- Refined platinum output from Angloplat, the world’s largest producer, was 2.47 million ounces in 2007, down 12 percent from the previous year.
- The dip was partly a reflection of lower mine supply, which fell 6 percent, the company said.
- Due to South Africa’s ongoing power problems, Angloplat, which is majority owned by Anglo American PLC (AAL.L: Quote, Profile, Research, Stock Buzz), has forecast a further decline in refined platinum output this year to 2.4 million ounces.
Platinum prices soared to record highs earlier this year amid fears over a supply shortage in major producer South Africa. Although prices have since eased, they remain historically high.
Below is the latest available annual output of the world’s top producers of refined platinum.
1. ANGLO PLATINUM (AMSJ.J: Quote, Profile, Research, Stock Buzz)
- Refined platinum output from Angloplat, the world’s largest producer, was 2.47 million ounces in 2007, down 12 percent from the previous year.
- The dip was partly a reflection of lower mine supply, which fell 6 percent, the company said.
- Due to South Africa’s ongoing power problems, Angloplat, which is majority owned by Anglo American PLC (AAL.L: Quote, Profile, Research, Stock Buzz), has forecast a further decline in refined platinum output this year to 2.4 million ounces.
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