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THE COMPANY
Beartooth Platinum Corporation (BTP:TSX-V) is a well-financed,
junior resource company focused on Platinum Group Metals (PGMs).
Current assets include: 872 unpatented mining
claims surrounding Stillwater Mining Company’s operation (16,000
acres) in South Central Montana (current reserves of 41.9 million
tons @ 20.12 g/t (0.57 ounces) pt+pd). Beartooth conducted an 11
hole drill program on the B Chromitite zone during the 2006 field
season which has yielded samples of up to 21.72g/t 3 PGEs plus Au in
Hole #IM 2006-02. Drilling of the first six holes has intercepted
multiple Chromitite layers in each hole.
Beartooth has an established position in one major Platinum /
Palladium camp at Stillwater and is continuing to evaluate projects
in the other major Platinum / Palladium mining camp—the Bushveld.
PROPERTY HIGHLIGHTS
Stillwater Project, Montana, USA
During the winter of 2004 / 05, BTP compiled over 40 years of
exploration and development data for the Stillwater area. Following
up from this base, the 2005 summer field season was spent conducting
geologic mapping, geochemical sampling and geophysical surveying
areas of potential interest. From this massive database Beartooth
has identified significant strike lengths of PGM enrichment
associated with two lithological layers known as the A and B
chromitites.
The B chromitite zone has previously returned surface samples from
Beartooth’s claims with grades up to 3.08 ounces per ton (112 g/t)
Pt+Pd+Au. In addition, resampling of core drilled by the Anaconda
Mining Company in the 1980s returned an intersection of 3 feet (1
meter) grading 17 g/t Pt+Pd+Au from the B chromitite. A review
of available data for the chromitite-associated mineralization
indicates an
average Pd to Pt ratio of 3.7:1, making these units Pt-rich in
comparison to the better known J-M reef of the Stillwater Complex.
The B chromitite is believed to be the Stillwater equivalent of the
UG2 chromitite of the Bushveld complex in South Africa, which
currently is responsible for over 62% of Bushveld PGM production.
During the 2006 field season Beartooth drilled
11 holes at Iron Mountain aimed at intersecting the B chromitite
zone. Assay results on the first seven holes received to date
confirm PGM values in six of the seven holes ranging from 1.51 g/t
to 20.54 g/t.
South Africa
Over the next several months the management of
Beartooth Platinum will evaluate platinum/palladium projects in the
Bushveld Complex in South Africa. The Company will continue to
seek out options with partners on properties and projects that
it feels have excellent potential for platinum/palladium
mineralization.
Beartooth Platinum Corporation
65 Queen Street West
Suite 815
Toronto, Ontario
M5H 2M5
Telephone: (416) 861-5891
Facsimilie: (416) 861-8165
e-mail:
info@beartoothplatinum.com
web:
www.beartoothplatinum.com |
