Michael Rowley, President and CEO of Group Ten Metals, is helping Maurice Jackson of Confirmed and Possible to debate his firm's current drilling outcomes on his Montana PGE mission, which additionally has important gold mineralization.
Maurice Jackson: Right now, Michael Rowley, President and Chief Govt Officer of Group Ten Metals Inc. (PGE: TSX.V; PGEZF: OTC), is understood for its platinum, palladium, nickel shares , copper and cobalt. the prolific district of Stillwater in Montana. Mr. Rowley, welcome to the present.
Michael Rowley: Thanks Maurice, glad to be again.
Maurice Jackson: Good to see you once more, sir. In 2018, Ten Metals Group started its first subject season and recognized 14 goal areas on its flagship mission, Stillwater West. Right now, now we have the outcomes of two of the 14 goal areas, which is kind of spectacular. However earlier than you begin, for somebody new in historical past, who’s the Ten Metals group and what’s the thesis you are attempting to show?
Michael Rowley: On the highest stage, we apply geological fashions developed within the largest and most economical platinum, nickel and copper mines on the planet. These are the mines of the Northern Bushveld or the Platreef District in South Africa. We apply these fashions to the Stillwater complicated in Montana, and this has by no means been finished routinely earlier than. The Bushveld and Stillwater complexes are each massive igneous complexes, magmatic techniques, and there are a lot of recognized parallels between the 2. Regardless of these parallels, we’re the primary to convey collectively an unlimited land place with a very incredible database, after which name upon the experience of Platreef to permit a scientific exploration of a lot of these large deposits at Stillwater. In discussing this experience, it ought to be famous that Dr. David Broughton of Ivanhoe, one of many co-discoverers of the Platreef mine, which is at present in growth, joined our crew late final yr, which is an excellent validation. Re heading in the right direction right here in Stillwater.
Maurice Jackson: In our final interview, you shared the following unanswered query from Ten Metals: the check outcomes. On January 25, Group Ten Metals issued a press launch titled "Group Ten reviews high-grade palladium, platinum and gold from the Wild West in Boulder's goal areas within the Stillwater West Mission, in Montana ". Take us to the Far West goal space and supply us with a radical evaluation of the outcomes obtained by the Ten Metals Group there.
Michael Rowley: To start, the press launch issued January 25, 2019 would be the first in a deliberate collection and shareholders will see that the roadmap seems within the higher left nook of the picture. -above. Now we have divided this 25 km broad property right into a collection of goal areas, and we’ll basically publish the outcomes from west to east within the areas you see. The Chrome Mountain and Iron Mountain space has the biggest variety of drill outcomes prior to now and would be the topic of subsequent press releases right here. When it comes to information, it has centered on the Boulder and the Wild West, as famous above, and the Wild West goal space has the Platreef potential that we see effectively prior to now. scale of the property as a complete. It additionally has the high-grade reef-type targets, illustrated by the purple ellipses on the high of the declare block, and the high-grade gold occasion, the Pine Sheer Zone, which can be surprising. Some individuals, since Stillwater camp is extra usually recognized for palladium and platinum and nickel and copper, chromium. It’s really a major gold mineralization zone and is experiencing spectacular success.
So far as the Platreef goal is anxious, this excessive conductor proven comprises very excessive stage conductors within the rocks, because the purples and the roses present. Historic drilling has proven that it really comprises copper and nickel, which is a wonderful indicator of the potential of this Platreef-style mineralization. We even have spectacular palladium outcomes, equivalent to very excessive grade palladium at 10 grams per tonne, additionally with a major platinum content material which not solely signifies the extent of mineralization of the system, but in addition the potential of those deposits. high-grade reef sort which, after all, the world is greatest recognized for. It ought to be famous that, simply above the declare, is the 18 million ounce JM-Reef deposit, which comprises on common 16 grams per tonne of palladium and platinum . So you understand that there’s a lot of steel within the system and this decrease space. are in pursuit of this development.
Along with the high-grade samples summarized on this desk, within the decrease left, we discover superb outcomes on palladium, platinum, in addition to good indications on base steel mineralization, which can be associated the exploitable bulk state of affairs of Platreef. These are priorities for comply with up in 2019 and we stay up for discussing them in different press releases.
The pine leaf, talked about above, comprises gold. These 2004 hits had been really drilled by our present expert individual; they don’t seem to be thought-about historic and make sure the numerous presence of copper and nickel on this system, though senior drivers haven’t been examined and that is one in all our key factors for monitoring. This collection of PC holes from 1983 reveals the potential of this Pine Sheer Zone, which is a subsequent geological occasion within the Stillwater Laminate System. One thing is launched quite a lot of gold into the system, as evidenced by these incredible lengths and mineralization, gold mineralization. We see, for instance, 11 meters at 12 grams per tonne of gold, which is a really excessive hit and good size in these eight meters at 16 grams per ton, then your complete PC5, three meters at 23 grams per ton . ton, it's 2/three ounce, so it's very top quality and good lengths of it. That is positively one thing for comply with up in 2019.
As well as, now we have seize samples on this space, gravel samples, and we observe not solely high-grade gold mineralization, as this primary pattern reveals, 22 grams per tonne of gold, but in addition excessive grade palladium, 10 grams per tonne of gold and virtually four platinum as effectively. So that you see mineralization all through this space. Not solely the PGE-nickel-copper that you could count on from the district, but in addition the high-grade gold, and it's very enticing for a follow-up in 2019.
Maurice Jackson: Michael, these numbers are fairly spectacular. However let me ask you this, you’re in essentially the most prolific zone with the very best grades, platinum and palladium focus grades. You’ve gotten your belongings strategically there, so have you ever been actually shocked?
Michael Rowley: No, and naturally we noticed that knowledge proper firstly of the mission. So it's good to show it within the compilation course of and make it extra formal. We will then talk about it. publicly, however the Stillwater district could be very effectively mineralized and also you're proper, it's very well-known. What's good now could be to have the ability to reveal the outcomes of the compilation effort and plan our packages for 2019 in order that we are able to start to disclose what we expect now we have.
Maurice Jackson: The outcomes are outstanding. We talked in regards to the Wild West. Let's transfer on to Boulder's goal space. What’s the group of ten metals excited right here?
Michael Rowley: The Boulder space comprises much less knowledge than Wild West, then much less knowledge than the goal areas of Chrome Mountain and Iron Mountain. Nonetheless, it has this stunning excessive conductivity, as proven in Determine 1. Once more, the excessive conductors haven’t been systematically examined. Now we have knowledge from a historic survey, that’s, BR2, proven kind of in the course of Boulder's goal space. And it reveals good intersections of copper-nickel mineralization. We do not need PGE knowledge on this, and we wish to repair it. As well as, now we have right here a really good steel base, together with an excellent zero,117 cobalt, which talks in regards to the know-how and potential of the system's steel battery. The Bushveld is much less recognized for cobalt, however we’re seeing superb ranges of cobalt right here within the Stillwater complicated, which provides a pleasant co-product to a possible new exploitation right here.
So in 2019, Boulder is not going to be an goal, as we’ll see later, we should concentrate on essentially the most superior goal areas. Nonetheless, we will certainly return and proceed to advance it in our 2019 program.
Maurice Jackson: Gear shifting, we offered the worth proposition of the Ten Metals group on November 2nd. Since then, the corporate has accomplished financing and the share worth has elevated by 29%. Please present us with the present capital construction of the corporate.
Michael Rowley: We at present have 59 million shares excellent and a market capitalization of about $ 12 million. This enhance follows a rise of $ 1.2 million in November, in opposition to 15 cents in reasonably troublesome market situations. power of this mission particularly to draw funding even in a reasonably troublesome market.
Maurice Jackson: Sir, what’s the subsequent unanswered query for the Ten Metals group, when ought to we count on outcomes and what determines success?
Michael Rowley: Properly, I suppose the unanswered query is, how is it potential, is there actually Stillwater in Montana? These districts have many parallels and Stillwater is well-known for its three very high-grade palladium-platinum mines. We stay up for revealing why we expect this exists and the way it has been uncared for prior to now. This district has not been systematically explored for a lot of these targets and we’re the primary to collect the land place with the information with a crew for this function, and we’ll launch a collection of press releases to disclose this. that the previous yr of compile work has proven us and what we, together with David Boughton, see within the mission and the potential.
Once more, let's undergo the mission from west to east and the following releases will element the goal areas of Chrome Mountain and Iron Mountain, which embody most historic knowledge, together with the 200 drilling holes, and naturally now we have about 12,000 meters of this core in our possession and now we have re-registered it now. So there are some very fascinating revelations to disclose in future press releases.
Maurice Jackson: Mr. Rowley, what do you suppose is the most important problem for the Ten Metals group and the way do you plan to treatment this case?
Michael Rowley: The largest problem we face is maybe simply the scale of the mission. As you’ll be able to see in our numbers, it’s incredible that now we have as much as eight Platreef deposits, based mostly on geophysical coincidence anomalies, soil anomalies, after which solely on geological and historic drill outcomes. Luckily, and the best way to unravel this downside, is the quantity of knowledge, the compile effort now we have made, helps us focus our exploration efforts. Precedence is due to this fact given to the plan. Now we have finished this and we’re trying ahead to revealing our 2019 plans. We’ll focus totally on the Chrome Mountain and Iron Mountain areas the place now we have the very best density of historic drilling. And I believe will probably be a really thrilling yr for us as a result of we’ll unveil what now we have and construct it with a 2019 exploration program. We had an excellent reception at Roundup's Core Shack, we actually attracted the the eye of the majors and that is the best way ahead that we see if we ourselves make a couple of laps and show what we expect now we have, then search to have interaction bigger companions on the street because it turns into applicable.
Maurice Jackson: Sir, now we have coated the voucher. What's stopping you from sleeping at night time that we have no idea?
Michael Rowley: The final time we mentioned it was the plan of action and it has improved rather a lot, as you talked about, due to our press launch marketing campaign and, I believe, the Roundup Core Shack helped us rather a lot. The excellent news when it comes to inventory costs is that now we have simply began to disclose what now we have on the mission. Now we have a collection of deliberate press releases and a significant promotional marketing campaign beginning right here that may take us all through the PDAC in March. . Now we have additionally had plenty of wonderful conferences not too long ago, and we’re excited to start out revealing what we expect we will probably be and what 2019 will probably be for the corporate. I believe will probably be a pivotal yr.
Maurice Jackson: Michael, we are actually overlaying the worth proposition of the Ten Metals group, however the Ten Metals group is definitely one of many three firms making up the Metallic group of firms. Please introduce them and share their worth propositions with us.
Michael Rowley: The Metallic Group is a collaboration of three unbiased public exploration firms, firms in a development section. Now we have mainly began one firm annually, Metallic Minerals in 2016, Group Ten in 2017 and, extra not too long ago, Granite Group Copper just some weeks in the past. Every of them has been assembled with the identical methodology as described in Group Ten, which consists of buying superior belongings in brownfield websites situated in a recognized mining district, subsequent to an current mine, then to make this acquisition strategically in a depressed market at such a low worth. would in any other case be not possible on a extra regular market. Then add a considerable database to that, a world-class technical crew, in addition to a world-class company crew, and herald geological fashions from outdoors this district. The shareholders have seen us do that in Group Ten, we apply this considered Platreef Bushveld, South Africa, the district of Stillwater.
Metallic Minerals, the image of the MMG firm, applies geological fashions of the Alene Coronary heart District, a number of billion ounces, to the Keno Hybrid Silver District within the Yukon. And the parallels are there, there are superb indications of success in that one.
Equally, at Granite Creek Copper, GCX is the image. We’re making use of new geological fashions within the district, which is a billion-pound copper district within the Yukon. Fashions which have been developed within the close by Minto mine, we’re engaged on the high-grade copper mission Stu, which can be very effectively ready. It's solely been 10 days for the reason that offers are being traded and there will probably be quite a lot of publication on this within the coming months.
In all three instances, we count on so as to add worth by minimizing mission dangers and putting them extra shortly within the state of sources.
Maurice Jackson: Michael, for listeners wishing to get extra data on Group Ten metals, please contact us on the web site handle.
Michael Rowley: The web site is http://www.grouptenmetals.com.
Maurice Jackson: As a reminder, the group Ten Metals is listed on the TXS.V: PGE and on the OTCQB: PGEZF; For direct inquiries, please contact Chris Ackerman at 604-357-4790, ext. 1, or by e-mail [email protected] as a reminder, Group Ten Metals is one in all Confirmed and Possible's sponsors , and we’re proud to be shareholders for the qualities introduced into the interview immediately.
Lastly, please go to our web site www.provenandprobable.com the place we interview essentially the most revered names within the subject of pure sources. You may attain us at [email protected] .
Michael Rowley of the Ten Metals Group, thanks for becoming a member of us immediately for the doc on confirmed and possible strategies.
Maurice Jackson is the founding father of Confirmed and Possible, a website that goals to counterpoint its subscribers by means of coaching in treasured metals and younger mining firms that may enrich the world.[NLINSERT]
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