Over the past week, we’ve had two of pretty big announcements in the world of Platinum Mining.
First, Planetary Resources unveiled their ambitious plan to mine asteroids for Platinum and Gold. Planetary Resources is led by Peter Diamandis, the leading mind in personal space flight technology, X Prize Founder and a fellow Greek. Peter is backed by incredibly high-profile investors. I applaud the initiative and I’m fully rooting for it as man needs great explorers to keep expanding our horizons and resources.
Until then, I would urge Platinum – and PGM investors – to seriously consider Pacific North West Capital, who issued the second big announcement of the week as follows: Pacific North West Capital Announces 2.5 million ounces PGM+Gold Measured and Indicated Resources for its 100% Owned River Valley Project, Sudbury, Ontario
Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) announced that the estimated NI43-101 compliant Measured and Indicated mineral resources increased by >400% from the previous NI43-101 compliant mineral resource estimate. Moreover, the compliant Inferred mineral resources have increased by >1000%. The River Valley PGM Project is located 100 km from the world-renown Sudbury Ni-Cu-PGM Mining Camp, has excellent infrastructure support, and is 100% owned by PFN.
Interested investors should read the full details in the hyperlinked press release above – but the most important part of the press release was the following statement from Dr. William Stone, President & COO of PFN
“The large increase in the estimated mineral resources confirms that River Valley is one of the largest undeveloped primary PGM Projects in North America.“
Pacific North West Capital is a client of AGORACOM, so assume I am horribly conflicted and do your due diligence.
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