Beartooth Platinum Commences Drilling on VEZ Target.
SURREY, British Columbia--(BUSINESS WIRE)--Oct. 28, 2002
Beartooth Platinum Corporation (TSX VENTURE:BTP) ("the Company") announces that Phase II of the 2002 drilling program has commenced on the VEZ target.
The drill program outlined on the VEZ will initially include four drill locations, two each at the Iron Mountain and Chrome Mountain properties. The Company will evaluate the results from these initial holes and, based on the results, will make a determination as to the location of future drill sites.
During Phase I, the Company drilled 14 holes for a total of 3,500 feet (1,000 meters) on the feeder fault zones which appear to have acted as feeders to the VEZ. The results from these holes indicated an extensive area of PGM mineralization, with more than 50% of the assays containing PGM values, including some high grade intercepts as the drilling progressed toward the VEZ target (see press releases dated September 16, 2002 and October 10, 2002). The geologic information obtained from Phase I has helped in the characterization of the mineralogy and in the identification of drill site locations for the VEZ target.
The VEZ (Volatile Enriched Zone) is a very prominent zone discovered through airborne geophysics and confirmed through ground geophysics - with a detectable strike length of approximately 19 kilometers, some 15 kilometers of which is located on the Company's property. Soil sampling in this area has outlined a very extensive PGM zone (approximately 300 meters long and up to 120 meters wide) which remains open to both the west and to the east. A significant number of samples ranging from 3.16 grams per tonne to 13.68 grams per tonne (Platinum plus Palladium) have been obtained from soil and rock samples in this area.
The Company posts all news releases to its website the day of release. The corporate website is www.beartoothplatinum.com
Beartooth Platinum Corporation (formerly 'Idaho Consolidated Metals Corp') is a Canadian company that explores for Platinum Group Metals (PGM) in the Stillwater Complex of Montana, USA. The Company's core asset is a significant land holding of over 20,000 acres with several advanced stage exploration targets and numerous untested PGM zones. The Company's shares trade on the TSX Venture Exchange under the symbol "BTP".
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Canadian Venture Exchange and the British Columbia Securities Commission.
Some of our press releases contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC.
U.S. are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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|Date:||Oct 28, 2002|
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