Group Ten Metals Completes Acquisition of the Spy PGE-Ni-Cu Property in the Kluane Belt of Southwest Yukon Territory
TSX.V: PGE
OTC: PGEZF
FSE: 5D32
904 - 409 West Hastings Street, Vancouver, British Columbia, Canada V6C 1T2
Group Ten Metals Completes Acquisition of the Spy PGE-Ni-Cu Property
in the Kluane Belt of Southwest Yukon Territory
December 11, 2017 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the
“Company” or “Group Ten”) is pleased to announce it has completed the requirements for earn-in of the Spy PGE-
Ni-Cu property per the agreement announced September 14, 2015. The Company also reports that it acquired an
additional 15 claims by direct staking in 2017, adding to past staking efforts which have more than tripled the
property from its original size.
The 100%-owned Spy property consists of 201 claims covering over 41 square kilometers within the Kluane Mafic-
Ultramafic Belt; a belt of PGE-Ni-Cu deposits which are part of a sequence of mafic-ultramafic rocks that extends
through the Yukon from northern British Columbia to central Alaska1. The Spy property is a key part of Group Ten’s
overall Kluane PGE-Ni-Cu Project which consists of the Spy, Ultra and Catalyst properties, all of which are within 15
km of the Alaska Highway. The Kluane project properties are on trend with, and south of, the Wellgreen deposit ,
which hosts one of the largest undeveloped PGE-Ni-Cu deposits in North America at 6 Moz of Pt+Pd+Au and 3 Blbs
of Ni+Cu in M&I resources and an additional 2 Moz of Pt+Pd+Au and 1 Blbs of Ni+Cu in Inferred resources2.
Figure 1 – Spy Property within Kluane PGE-Ni-Cu Project
Exploration on the Spy property has demonstrated that PGE-Ni-Cu mineralization occurs as disseminated to massive
sulphides associated with mafic to ultramafic intrusions. Massive sulphide mineralization typically occurs near the
basal contact and can also occur within the cores of larger ultramafic bodies. The ultramafic Spy Sill is typically 75-
100m thick at the surface, with 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 mafic 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)3.
TSX.V: PGE
OTC: PGEZF
FSE: 5D32
904 – 409 West Hastings Street, Vancouver, British Columbia, Canada V6C 1T2
To date t he highest-grade mineralization encountered at the Spy property has been associated with massive to
strongly disseminated sulphides in the basal zone and the footwall siltstone s, with disseminated mineralization
found throughout the sill and into the country rocks. Several showings of massive and disseminated mineralization
are exposed intermittently at surface over a strike length of 1.5km between the 99 and Sweet 16 showings with the
Solo and South Spy showings indicat ing that mineralization remains open to the south . F urther exploration is
planned to test the full extent of mineralization in the area.
Michael Rowley, Group Ten Metals’ President and CEO, stated “We are pleased to have completed the earn -in
requirements for 100% of the Spy property, and to have expanded that land position more than threefold to include
over 16km of strike length on this highly -prospective system . Based on exploration to date, there are many
similarities in the style of mineralization with the multi -million-ounce Wellgreen deposit to the north but Spy has
shown significant high-grade potential. Of particular note are the elevated PGE, nickel and copper grades associated
with the basal sulphides. There is a scarcity of attractive PGE-nickel sulphide deposits of scale outside of Russia and
South Africa and we see excellent potential for both large -scale and attractive grades in the Yukon’s Kluane belt.
Our Kluane PGE-Ni-Cu Project is the largest land position in this emerging PGE -Ni-Cu district and we look forward
to continuing to advance their potential as we plan our 2018 activities.”
1 – Hulbert, L.J., 1997. “Geoloy and metallogeny of the Kluane mafic-ultramafic belt, Yukon Territory, Canada: Eastern wrangellia – A
new Ni-Cu-PGE metallogenic terrane.” Geological survey of Canada Bulletin 506.
2 - Based on 2017 Wellgreen Platinum mineral resource estimate as disclosed in a news release dated June 26, 2017 and available
under the company’s profile on Sedar.com
3 - Tulk, L.A., 2001. “Report on geological and geochemical surveys on the Kluane property.” Yukon Assessment Report 094164.
Quality Control and Quality Assurance
Ms. Debbie James, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and she has
reviewed and approved the technical disclosure contained in this news release.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a Canadian mineral exploration company focused on the acquisition and development of
high-quality platinum, palladium, nickel, copper and gold exploration assets in North America. The Company’s
holdings include the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade Pd-Pt mines in
Montana, the Kluane PGE-Ni-Cu project adjacent to Wellgreen Platinum in the Yukon Territory, and the Black Lake-
Drayton Gold project in the Rainy River district of northwest Ontario.
On Behalf of the Board of Directors
GROUP TEN METALS INC.
“Michael Rowley”
Michael Rowley, President, CEO & Director
Email: [email protected]
Web: http://grouptenmetals.com
Tel: (604) 357 4790
TF: (888) 432 0075
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
TSX.V: PGE
OTC: PGEZF
FSE: 5D32
904 – 409 West Hastings Street, Vancouver, British Columbia, Canada V6C 1T2
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.