Group Ten Metals Announces Surface Sampling Results From the Spy Ni-Cu-PGE Project in Yukon Territory
Group Ten Metals Announces Surface Sampling Results From
the Spy Ni-Cu-PGE Project in Yukon Territory
VANCOUVER, British Columbia, May 30, 2017
(GLOBE NEWSWIRE) -- Group Ten Metals Inc.
(TSX.V:PGE) (OTC:DCGCF) (FSE:5D32) (the
“Company” or “Group Ten ”) is pleased to
announce results from a 2016 prospecting and rock
geochemical sampling program conducted at its Spy
Ni-Cu-PGE project located 50km south of, and on
trend with, the Wellgreen project, in the southwest of
Canada’s Yukon Territory.
The exploration program, which was partially funded
by the Yukon Government ’s Mining Exploration
Program (YMEP) , focused on the Spy Sill, a 75 to
100 metre Kluane intrusion that intrudes country
rock for 8 km, and yielded the discovery of two new
showings, the Solo and the 99. The 99 showing has
lengthened the main mineralized trend along the Spy
Sill from 950m to 1500m, while the Solo showing
indicates the potential continuity of similar
mineralization from the 99 showing to the Spy South showing, a distance of two kilometres. Highlights of
2016 surface sampling, along with selected historic samples for context, are presented in Table 1, below,
with sample sites shown in Figure 1.
Figure 1 – Mineralization Along the Spy Sill
A photo accompanying this release is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/7bd59f60-c625-4338-b691-3929e869a44e
Michael Rowley, Group Ten Metals ’ President & CEO, stated, “We are very encouraged by the results of
this recent exploration program as it confirms our expectations as to the extent of the mineralized trend
along the Spy Sill which continues to show geological parallels with the high -grade portion of the Wellgreen
deposit 50km to the northwest along the Kluane belt. These results provide a number of new target areas
for drilling which we anticipate commencing later this year. We expect to provide additional updates on our
planned 2017 Yukon exploration program over the coming weeks. ”
The 99 Showing occurs in sulphide -bearing mafic to ultramafic rocks close to the base of the Spy Sill. The
Solo Showing is in a fault zone perpendicular to the contact between the Spy Sill and Hasen Creek
sediments (country rock). Mineralization is found in the sill and in the contact zone. Grab sample 224271,
collected in 1994 approximately 140m northwest and above the 99 Showing, returned significant results
(see Table 1) from an underexplored horizon above the main body of the Spy Sill, opening up potential for
mineralized horizons above the known mineralized layers close to the base of the sill. These samples are
Group Ten Metals Inc.
Mineralization Along the Spy Sill
Group Ten Metals Inc.
not necessarily representative of all the mineralization hosted in the area.
Table 1 – 2016 Surface Sampling Highlights and Historical Context
*Historic sample from Report on Geological and Geochemical Surveys on the Klu Property, Yukon Dept. of
Energy, Mines and Resources, Assessment Report #094164, Tulk 2001.
About the Spy Project
Group Ten Metals ’ Spy Project is situated in the Kluane Ultramafic Belt, a 600km -long sequence of igneous
and sedimentary rocks extending from northern British Columbia, through the Yukon and into southern
Alaska. Spy consists of 146 claims covering 3,135 hectares, located 70 kilometers (km) northwest of Haines
Junction and 270 km northwest of Whitehorse. Clastic sedimentary rocks and limestone of the Hasen Creek
Formation are intruded by late Triassic and possibly older mafic to ultramafic sills including the Spy Sill.
Mineralization on the Spy project is classified as Gabbroid Ni -Cu-PGE +Au, the same as all ultramafic
associated mineralization within the Kluane belt, including the Wellgreen project. These deposits are
hosted in linear mafic to ultramafic intrusions in belts of metamorphosed volcanic and sedimentary rocks. In
the Kluane belt, Ni-Cu-PGE + Au mineralization is associated with the Kluane intrusions, mafic to ultramafic
sills or lenses that zone outwards from an ultramafic (peridotite) core to a mafic (gabbro) margin. Massive
sulphide lenses occur around the margins of the Kluane intrusions and disseminated to net -textured
sulphides can be found in both the intrusion and the adjacent host rocks. The intrusions have preferentially
intruded close to the contact between the volcanic (Station Creek) and sedimentary (Hasen Creek) country
rocks.
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
sulfide lenses, with historic grab samples from the massive sulphide lenses assaying 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 (Tulk, 2001).
The highest-grade Ni-Cu-PGE+Au mineralization is associated with the basal contact of the Spy Sill and the
footwall siltstone, but disseminated lower grade mineralization is also found throughout the entire sill and
into the country rocks on either side. Several showings of massive and disseminated mineralization occur
intermittently over a strike length of 1.5km between the 99 and Sweet 16 showings. To the south, the Solo
and South Spy showings indicate that mineralization continues to the south, and further work is planned to
test this area.
Showing Sample # Pt+Pd+Au (g/t)Cu (ppm)Ni (%)Description
Sweet 16 615813 0.96 0.12 0.06 Gabbro/siltstone hornfels
Sweet 16 615815 1.28 0.49 0.26 Same
Taz 615818 1.14 0.89 0.04 Same
Bugs 8460* 22.38 17.70 0.85 No information
Wylie 182456* 16.13 15.08 5.25 Sulphide lens
Spy 222657* 73.52 27.60 0.21 Sulphide lens
99 1353671 0.57 0.14 0.15 Peridotite with net textured sulphide
99 1353673 0.59 0.51 0.05 Gabbro with sulphide
99 224271* 9.27 2.91 0.28 Hornfels siltstone
Solo 615821 1.54 0.31 0.76 Gabbro with sulphide
Solo 1501265 2.18 0.17 0.14 Siltstone
Spy South 184642* 2.5 0.38 0.20 Hornfels sandstone
Next Steps
Group Ten is currently finalizing the 2017 Yukon field exploration program which is anticipated to include
continued prospecting, trenching and sampling work south of the 99 Showing as well as drilling along the
1.5km mineralized trend identified within the Spy Sill. Additional work is also expected to be undertaken
over the rest of the property, concentrating on mapping and chip sampling.
The Company is further conducting advanced assessment of potential additional platinum group element
properties and will provide updates in that regard in Q2, 2017.
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.
Analytical work on 2016 samples was done by Bureau Veritas Commodities Canada Ltd. with sample
preparation in Whitehorse, Yukon and geochemical analysis in Vancouver, British Columbia. Each rock
sample was analyzed for gold, platinum and palladium using a 30g fire assay fusion (FA 130) with
inductively coupled Plasma -mass spectrometry (ICP -MS) finish. In addition, 34 other elements were
analyzed using an Aqua Regia digestion with inductively coupled plasma -atomic emission spectroscopy
(ICP-AES) and (ICP -MS), method code AQ -270. All results have passed the QAQC screening by the lab.
Bureau Veritas facilities are internally and externally audited to maintain ISO registrations and
accreditations.
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.