Beartooth Platinum Announces Start-up of Drilling at Stillwater Property, Montana.TORONTO -- Beartooth Platinum Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BTP) announced today, that drilling commenced on their Stillwater Property located in south central Montana South Central Montana is a region that includes Yellowstone County, Carbon County, Big Horn County, Stillwater County, Treasure County, Golden Valley County and Musselshell County. Billings is the largest city in this region and in Montana. on August 27th, 2005. The first hole is located in the Fishtail fish·tail adj. Resembling or suggestive of the tail of a fish in shape or movement. intr.v. fish·tailed, fish·tail·ing, fish·tails 1. Creek, at the eastern end of BTP's land package. The location is on strike with the JM reef, which is currently being mined by Stillwater Mining Company Stillwater Mining Company (NYSE: SWC) is a palladium and platinum mining company with headquarters located at Billings, Montana, United States. It is the only palladium and platinum producer in the USA. (SWC-N). Drill sites were located using a combination of air and ground based geophysics, geochemistry and geology. Beartooth's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mr. Michael Johnson said, "We identified a number of geophysical 'peaks' that appear to be associated with both the JM reef and VEZ zones in the Fishtail Creek area. In addition, we found isolated geochemical anomalies, which also appear to be related to the geophysical targets tentatively identified as JM Reef." Geologically, the Stillwater complex is a very linear, up-turned set of parallel beds stretching for over 28 kilometers. There is every reason to expect a continuation of this strike onto the Fishtail Creek area. The Fishtail Creek area is covered with glacial gravels and Paleozoic sediments. It is impossible to determine the actual depth to the targets from either the geophysical or geochemical data collected earlier in this field season and consequently we are planning on drilling to depths of at least 1,000 feet (300 meters) at each drill location. Beartooth's property is located on United States Forest Service “USFS” redirects here. For the figure skating organization, see U.S. Figure Skating. The USDA Forest Service is an agency of the United States Department of Agriculture that administers the nation's national forests and national grasslands. (USFS USFS United States Forest Service USFS U.S. Franchise Systems, Inc. ) land. The application process for drill permits takes approximately 30 days to complete and permits are now on hand. Beartooth will be drilling up to 10,000 feet in this current program and assay results are anticipated to be released in October. Fieldwork, consisting of geochemical sampling and geologic mapping, continues on the Iron Mountain, Chrome Mountain and Blakley Creek target areas. It is anticipated that some drilling will be conducted on these target areas during this field season. About Beartooth Platinum Corporation Beartooth controls 809 unpatented lode mineral claims over the exposed 50 kilometre strike length of the Stillwater Complex, North America's largest known resource of PGE's where there are two operating mines of the Stillwater Mining Company (SMC) from the J-M Reef. Beartooth's mineral claims are contiguous with these significant resource properties. Additional information about the Company and its properties is available on the Company's website at www.beartoothplatinum.com. If you would like to receive press releases via email please contact Alison@chfir.com. Please specify "Beartooth press releases" in the subject line. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Beartooth Platinum Corporation (TSX VENTURE:BTP) |
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