Group Ten Drills 399 Meters of Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization from Surface in the Camp Target Area at Stillwater West
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Group Ten Drills 399 Meters of Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt
Mineralization from Surface in the Camp Target Area at Stillwater West
January 21, 20 20 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the
“Company” or “Group Ten”) is pleased to announce 2019 drill results from the Camp target area of the
Company’s flagship Stillwater West PGE-Ni-Cu project in Montana, USA.
This is the second in a series of planned news releases to report results of 201 9 exploration programs which
focused on the advancement of drill-defined mineralization at five priority target areas (see December 18, 2019
news release for drill results from the adjacent Iron Mountain target area). Work at the Camp target area in 2019
included three holes drilled by the Company plus re-assaying of past core to obtain and support platinum group
element “PGE” and base metal values on an additional five drill holes . Subsequent news releases will report
results from re-assaying of past core at additional priority target areas, ongoing modelling work, and mapping
and sampling programs completed in 2019.
Highlights from 2019 exploration work at the Camp target area include:
• 399 meters of 0.25% Total Nickel Equivalent (“TotNiEq”), in drill hole CZ-2019-01, starting at surface and
mineralized across the entire drill hole featuring multiple zones of strong PGE-Ni-Cu-Co mineralization
including:
o 62 meters of 0.61% TotNiEq starting from 117 m eters depth comprising 0.57 g/t 3E (0.18 g/t Pt,
0.34 g/t Pd, 0.05 g/t Au), 0.30% Ni, 0.13% Cu, 0.025% Co;
o 3.5 meters of 3.07% TotNiEq starting from 163 meters depth comprising 3.45 g/t 3E ( 1.76 g/t Pt,
1.44g/t Pd, 0.25 g/t Au), 1.53% Ni, 0.49% Cu, and 0.099% Co; and
o 6.7 meters of 1.22% TotNiEq starting from 219 meters depth comprising 2.32 g/t 3E ( 0.70 g/t Pt,
1.38g/t Pd, 0.24 g/t Au), 0.31% Ni, 0.34% Cu, and 0.013% Co.
• Drill hole IM -2008-01, first assayed for base metals by Group Ten in 2019, returned 119 meters of 0.32%
TotNiEq starting from 3.05 meters depth and including:
o 55 meters of 0.56% TotNiEq starting at 7 meters depth comprising 0.59 g/t 3E (0.16 g/t Pt, 0.28 g/t
Pd, 0.16 g/t Au), 0.26% Ni, 0.09% Cu, 0.021% Co;
o 17.1 meters of 0.67% TotNiEq starting at 7.6 meters depth comprising 0.53 g/t 3E (0.16 g/t Pt, 0.23
g/t Pd, 0.14 g/t Au), 0.35% Ni, 0.14% Cu, 0.027% Co; and
o 11.6 meters of 0.76% TotNiEq starting at 31.4 meters depth comprising 0.80 g/t 3E (0.21 g/t Pt, 0.30
g/t Pd, 0.29 g/t Au), 0.38% Ni, 0.10% Cu, 0.024% Co.
• Drill hole CZ04-01, drilled in 2004 and re-logged and partially re-assayed by Group Ten in 2019, returned 106
meters of 0.40% TotNiEq, starting at 44.1 meters depth and including:
o 76 meters of 0.47% TotNiEq starting from 74 meters depth comprising 0.39 g/t 3E (0.11 g/t Pt, 0.23
g/t Pd, 0.05 g/t Au), 0.22% Ni, 0.14% Cu, 0.021% Co; and
o 22.6 meters of 0.81% TotNiEq starting from 93.9 meters depth comprising 0.64 g/t 3E (0.16 g/t Pt,
0.39 g/t Pd, 0.08 g/t Au), 0.40% Ni, 0.22% Cu, and 0.032% Co.
The results support that the geophysical (conductive high) in the Camp target area is targeting large bodies of
disseminated nickel and copper sulphides that are enriched in palladium, platinum, gold, and cobalt. Rhodium
assays are in progress with results pending. The core of th is geophysical anomaly has not been systematically
drill tested to date, and is one of eight multi -kilometer-scale target areas defined by Group Ten at Stillwater
West.
Michael Rowley, President and CEO, commented, " We are very pleased to have confirmed and significantly
expanded the known extent of bulk tonnage “Platreef-style” PGE-Ni-Cu-Co mineralization at the Camp target
area, more than doubling the tested depth from surface to 400 meters, where drilling ended in mineralization.
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Like the previously released Iron Mountain results, these are some of the longest intervals of mineralization ever
encountered in the Stillwater district , and also include several higher grade intervals of more than 40 to 75
meters in widths. Mineralization is hosted within the lower Stillwater Igneous Complex, stratigraphically below
the J-M Reef deposit which is now being mined by Sibanye-Stillwater adjacent to Stillwater West.1 In addition to
our 2019 drill program , we re-assayed core from past campaigns in order to bring those results into our new
geologic model, advancing toward the development of an initial resource estimate at the Camp target area. We
look forward to releasing additional 2019 exploration results including re-assayed core from other priority target
areas such as Chrome Mountain in the coming weeks.”
Overview of the Camp Target Area
Camp is one of eight multi-kilometer target areas across the 25 km Stillwater West project (Figure 1) that have
been identified by Group Ten as having potential for bulk tonnage deposits of nickel and copper sulphide that
are enriched in palladium, platinum, gold and cobalt. Based on past drill data, the Company has developed block
models of mineralization which demonstrate broad, magmatic -hosted mineralization within kilometer -scale
geophysical and geochemical soil signatures at five of these target areas . The Camp target area is one of the
most advanced target areas with drilling by AMAX in the late 1960s and early 1970s that is complemented by
drilling from 2004, 2008, and 2019 drill campaigns. Group Ten’s developing block model includes eleven holes
which delineate a continuous zone of nickel -copper sulphide mineralization in the Basal Series over
approximately 1.5 kilometers strike and to depth of 400 meters from surface, where it remains open to
expansion along strike and to depth . Drilling to date demonstrates thick intervals of palladium and platinum
enrichment along with nickel, copper and cobalt in sulphides, supporting the potential for Platreef-style deposits
in the lower Stillwater Complex.
Historic initial bench-scale metallurgical results at the Camp target area were very encouraging and demonstrate
the potential for effective nickel and copper sulphide flotation along with recovery of a significant PGE
component. More detail on these results will be announced in an upcoming news release.
Figure 1 – Fourteen Target Areas Across the 25-Kilometer Length of the Stillwater West Project
Camp Target Area 2019 Drill Program and Results
Table 1 presents highlight results from 2019 drilling by the Company along with results of re-assayed core from
past campaigns at the Camp target area. Mineralization is clearly related to the presence of magmatic sulphide
accumulations. These results have confirmed and expanded the areas of known mineralization at the Camp
target area.
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Table 1 – Highlight 2019 Drill Results, Camp Target Area
Total Nickel Equivalent calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb nickel
(Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz platinum (Pt), $1,400/oz palladium (Pd), and $1,400/oz gold (Au).
Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and
precious metals. In terms of dollar value, 0.25% nickel equates to a copper value of 0.5%, or a platinum value of 1.15 g/t,
using the above metal values. Intervals are reported as drilled widths.
The Camp target area is open for expansion in all directions, including at depth where the discovery of high -
grade PGE -Ni-Cu mineralization was made in 2019 drilling, and to the northeast towards a geophysical
(conductive high) anomaly that has not been systematically tested to date (see Figure 2).
Together with samples from the HGR target, select intervals from the Camp target area will be a ssayed for
rhodium as the Company sees potential to add co-product value to the already impressive metal tenor in these
areas.
Click here to view Figures 2 to 6, including Camp cross-sections IM-4 and IM-5.
Metal Values at Stillwater West
Stillwater West is a true polymetallic system, containing platinum, palladium, rhodium and other lesser known
PGEs within nickel and copper sulphide mineralization that is also enriched in gold and cobalt. The majority of
these commodities have enjoyed significant price increases in recent months (e.g. nickel, copper, and platinum),
while palladium has surged to an all -time high - and rhodium to a 10 -year high - in the past year, pushing the
basket value of mineralization at Stillwater West substantially higher. PGE prices are projected to remain at high
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levels due to the increasing use of palladium, platinum and rhodium in catalytic convertors, combined with a
multi-year supply deficit in palladium and the declining production of platinum from South Africa.
Concerning base metals, it is important to note that Stillwater West is a magmatic system that contains nickel
sulphide, which is the type of nickel for techno logy applications including energy storage. Increasing demands
from that sector have driven nickel and copper prices higher in recent months, and that trend is expected to
continue to drive value in the Stillwater West ‘basket’ of commodity value.
The location of Stillwater West in a first-world jurisdiction beside three producing mines is very favorable, as the
US government – recognizing the country’s dependence on Africa and Russia for the majority of PGE, nickel and
cobalt supply - has listed these comm odities as ‘Critical Minerals’ with the intention of increasing domestic
production of these metals.
Upcoming News and Events
Group Ten is pleased to confirm that it will participate in a core shack display at AME’s Roundup tradeshow in
Vancouver on January 21st, 2020.
Results are pending from 2019 work at the three other priority target areas including assay results of past drill
core at the Chrome Mountain, Wild West (Pine Shear Zone), and Crescent target areas. The Company is
advancing drill-defined mineralized zones at all five target areas towards delineation of formal mineral resources
based on these results and looks forward to releasing additional results in the coming weeks.
About Stillwater West
The Stillwater West PGE-Ni-Cu project positions Group Ten as the second largest landholder in the Stillwater
Complex, adjoining and adjacent to Sibanye-Stillwater’s Stillwater, East Boulder, and Blitz platinum group
elements (“PGE”) mines in south central Montana, USA1. The Stillwater Complex is recognized as one of the top
regions in the world for PGE-Ni-Cu mineralization, alongside the Bushveld Complex and Great Dyke in southern
Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the
Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld
Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale
disseminated and high-sulphide PGE-Ni-Cu deposits, possibly similar to Platreef in the Bushveld Complex2. Group
Ten’s Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE
Reef-type deposit in the upper portion, and includes extensive historic data, including soil and rock
geochemistry, geophysical surveys, geologic mapping, and historic drilling.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of
high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American
mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-
Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton
Gold project in the Rainy River district of northwest Ontario and the Kluane PGE-Ni-Cu project on trend with
Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio
of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade
producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals
in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Group Ten
Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto
copper district. The founders and team members of the Metallic Group include highly successful explorationists
formerly with some of the industry’s leading explorer/developers and major producers. With this expertise, the
companies are undertaking a systematic approach to exploration using new models and technologies to facilitate
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discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in
Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt
stock exchanges.
Note 1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential,
extent or nature of mineralization or potential future results of the Company’s projects.
Note 2: Magmatic Ore Deposits in Layered Intrusions—Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits,
Michael Zientek, USGS Open-File Report 2012–1010.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Rowley, President, CEO & Director
Email: [email protected] Phone: (604) 357 4790
Web: http://grouptenmetals.com Toll Free: (888) 432 0075
Quality Control and Quality Assurance
2019 drill core samples, including re-assayed core from 2004 and 2008 programs, were analyzed by ACT Labs in Vancouver,
B.C. Sample preparation: crush (< 7 kg) up to 80% passing 2 mm, riffle split(250 g) and pulverize (mild steel) to 95% passing
105 µm included cleaner sand. Gold, platinum, and palladium were analyzed by fire assay (1C-OES) with ICP finish. Selected
major and trace elements were analyzed by peroxide fusion with 8-Peroxide ICP-OES finish to insure complete dissolution
of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also
assayed.
2004 and 2008 drilling was conducted by Group Ten’s QP while working for Beartooth Platinum.
Mr. Mike Ostenson, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and he has reviewed
and approved the technical disclosure contained in this news release.
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production,
estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the
timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency
exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and
objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number
of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure
to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource
estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated
with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns,
uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other
exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned
that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an
inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more
information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.