Group Ten Metals Announces Commencement of Exploration at Spy, Ultra and Catalyst Ni-Cu-PGE Projects in Yukon Territory
Group Ten Metals Announces Commencement of Exploration
at Spy, Ultra and Catalyst Ni-Cu-PGE Projects in Yukon
Territory
VANCOUVER, B.C., June 22, 2017 (GLOBE NEWSWIRE) -- Group Ten Metals Inc. (TSX.V:PGE)
(OTC:DCGCF) (FSE:5D32) (the “Company” or “Group Ten ”) is pleased to announce the completion of
planning activities and the deployment of personnel and equipment to the Ultra, Spy and Catalyst projects
where the team will commence mapping, prospecting and surface sampling programs immediately and
continue through most of July. The projects are in the southwest of Canada ’s Yukon Territory, proximate to
and on trend with the Wellgreen Ni -PGE-Cu project being advanced toward prefeasibility by Wellgreen
Platinum Ltd., which has stated results and updated mineral resource estimate are expected to be
announced by the end of Q2 2017.
The work on the Spy project will largely be focused on defining the orientation of the Spy Ultramafic Sill and
sighting optimal locations for a potential 2017 drilling program, while the broader program aims to further
define known showings and test additional prospective ground and geophysical/geochemical anomalies
across each project.
President and CEO Michael Rowley stated, “We are glad to be returning to the Yukon projects and further
expanding our understanding of the geology and mineralization as we look to define priority targets for a
drilling campaign, particularly along the Spy sill, which is planned for later this year to follow -up on results
announced May 30, 2017 . Additionally, our geological team has identified potential for significant
mineralization at the CKR portion of the Catalyst project to the south of our holdings around Wellgreen
which warrants further investigation. ”
In addition, the Company is currently engaged in advanced due diligence with respect to a number of
potential property acquisitions in keeping with its focus on quality, undervalued assets in established,
world-class districts of politically-stable jurisdictions with excellent access and infrastructure.
Mr. Rowley further notes, “Group Ten ’s business model includes consistent evaluation of project acquisition
candidates which, if acquired, may either be advanced or incubated based on specific criteria. To that end,
we anticipate announcing further additions to our portfolio over the coming weeks. Furthermore, the
Company plans to strengthen its technical and leadership team and expects to provide updates in that
regard in Q3 2017. ”
About the Yukon Projects
Group Ten controls the largest land position in the Wellgreen area with three Ni -Cu-PGE projects -
Catalyst, Spy and Ultra - that, taken together, total over 240 square kilometers (km) in the Kluane
Ultramafic Belt, a 600km-long sequence of igneous and sedimentary rocks extending from northern British
Columbia through the Yukon and into Alaska. The discovery of the Wellgreen deposit has brought world -
wide attention to the potential of the Kluane belt.
About the Spy Project
The Spy Project claims, located 40 kilometers southeast of Wellgreen, follow the strike of the Kluane
Ultramafic Belt, parallel to the Alaska Highway that is seven kilometers to the northeast. Clastic sedimentary
rocks and limestone of the Hasen Creek Formation are exposed along the northeastern portion of the
property, and are intruded by late Triassic and possibly older mafic to ultramafic sills including the Spy Sill.
The 75 -100m thick Spy Sill intrudes Hasen Creek siltstone for a minimum of 6 km along a northwest strike,
and dips to the southwest. The central portion of the sill consists of peridotite, with gabbro at the top and at
the base. Mineralization varies from disseminations to massive sulphide lenses (up to 2.0 x 0.25m) with
associated PGM in the basal marginal gabbro phase and its contact with the Hasen Creek siltstone.
PGE-Ni-Cu mineralization occurs within and along the base of the 75 -100m thick ultramafic Spy Sill where it
intrudes the Hasen Creek siltstone. Mineralization along the contact varies from disseminated to massive
sulphide lenses, with historic grab samples from the massive sulphide lenses assayed as high as 3.1 g/t Pt,
1.4 g/t Pd, 1.0 g/t Au, 3.1% Ni and 2.8% Cu from the gabbro, and 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au, 2.6% Ni
and 10.45% Cu, from the footwall siltstone 1. Samples are not necessarily representative of all the
mineralization hosted in the area.
1Bell, C. 1996. Report on 1995 geological and geochemical surveys on the Klu property. Yukon Dept. of
Energy, Mines and Resources, Assessment Report #093371, 244p.
About the Ultra Project
Ultra covers 8,650 hectares and is located south of the Spy project and 42 kilometers (km) northwest of
Haines Junction. At Ultra, a portion of the Frohberg PGM -Ni-Cu showing was trenched in 2002 and returned
5.54 g/t Pt, 13.46 g/t Pd, 4.07% Cu and 1.73% Ni over 0.5 meters. Numerous ultramafic occurrences
elsewhere on the property are yet to be assessed for PGM -Ni-Cu potential.
About the Catalyst Project
The Catalyst Project is located 35 km northwest of Burwash Landing and only 15 km south of the Alaska
Highway along a maintained gravel road. The project covers 16,310 hectares, and is positioned directly
northwest of and adjacent to the Wellgreen deposit, with portions of the project southeast and also
adjacent to Wellgreen.
Several historic PGM -Ni-Cu showings are present at Catalyst. Within the Arch Zone, the Teck showing is
located on the western edge of the Wellgreen property and consists of ultramafic rocks in fault contact with
sedimentary rocks with historic assays of 0.36 g/t PGM+Au, 581 ppm Ni and 709 ppm Cu from chip samples
over two meters. More recent results from the altered peridotite returned 0.535 ppm PGM+Au, 2,130 ppm
Ni and 1,660 ppm Cu over 0.8 meters. Just over one kilometer to the north, the Conwest showing is a 90
meter-long exposure of oxidized, medium -grained gabbro with historic assays of 2,015 ppm Ni, 5,448 ppm
Cu and 154 ppb Au. Numerous historic magnetic, EM and VLF anomalies on the property have also been
identified that require follow -up prospecting and sampling (from Yukon Geological Survey Minfile Nos.
115G-026, -033, and -088, Assessment Report Nos. 094396, 093662, 017513, 092578, 092575, 092744,
094253, 094250, 094466, 094217, 017459).
Quality Control and Quality Assurance
Garth Kirkham, 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.
All rock samples are grab samples with no length.
Historic samples were analyzed at Chemex Laboratories (now ALS Chemex) or Cominco Resource
Laboratory, both in Vancouver. Gold, platinum and palladium were analysed by fire assay and the other
elements by aqua regia digestion with ICP finish. No QAQC information is available.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a mineral exploration company focused on exploration for deposits of platinum
group metals (PGM), gold, nickel and copper. The Company controls a large land position in the Kluane
Ultramafic Belt in the southwest Yukon Territory, the Black Lake / Drayton gold project in the Rainy River
district in northwest Ontario, and the Duke Island Cu -Ni-PGM project in Alaska.
On Behalf of the Board of Directors
GROUP TEN METALS INC.
“Michael Rowley”
Michael Rowley
President, CEO & Director
Forward -Looking Statements - Statements which are not purely historical are forward -looking
statements, including any statements regarding beliefs, plans, expectations or intentions regarding the
future. It is important to note that actual outcomes and the Company's actual results could differ materially
from those in such forward -looking statements. Risks and uncertainties include, but are not limited to,
economic, competitive, governmental, environmental and technological factors that may affect the
Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined
in the Company's Management Discussion and Analysis of its audited financial statements filed with the
British Columbia Securities Commission.
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of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.