Group Ten Reports 13.2 Meters of 3.33% Nickel Equivalent Within 401 Meters Continuous Mineralization from Resource Expansion Drilling at Stillwater West Critical Minerals Project in Montana, USA
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Group Ten Reports 13.2 Meters of 3.33% Nickel Equivalent Within 401 Meters Continuous Mineralization
from Resource Expansion Drilling at Stillwater West Critical Minerals Project in Montana, USA
May 3, 2022 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company”
or “Group Ten”) today reports wide, high-grade intervals of nickel sulphide with palladium, platinum, rhodium,
cobalt, copper and gold in a third tranche of drill results from the 14 -hole resource expansion campaign
completed at the Company’s flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana, USA.
Results continue to support the Company’s priority objective of expanding the October 2021 inaugural mineral
resource estimates with multiple wide and highly mineralized intervals returned in step-out drilling in the DR-
Hybrid deposit area at Chrome Mountain (see Table 1 and Figure 1) . Drilling in 2021 focused on resource
expansion in three of the five deposit areas delineated by the 2021 estimates. Similar wide and well-mineralized
intervals have now been reported from all three deposit areas as announced December 20, 2021, and March 7,
2022. Mineralization remains open to expansion along trend and at depth in all five deposit areas, that are in
the 12 -kilometer-long resource area within the broader 32 -
kilometer-long land package in the lower Stillwater Igneous
Complex (see Figure 2).
Live Webinar with Q&A
Group Ten President & CEO, Michael Rowley, will be joined by
newly appointed Vice-President Exploration, Danie Grobler,
for a live webinar on Wednesday, May 5th at 10am PT (1pm ET).
To register click here or the thumbnail.
Highlights:
• CM2021-05 returned 400.8 meters of continuous battery and precious metal mineralization grading 0.30%
Nickel Equivalent (“NiEq”), equal to 0.80 g/t Palladium Equivalent (“PdEq”), with successive contained
higher-grade intervals including 96 meters of 0.60% NiEq (1.56 g/t PdEq) and including 13.2 meters of 3.33%
NiEq (8.88 g/t PdEq) as 2.31% Ni, 1.51 g/t Pd+Pt+Au+Rh (“4E”), 0.35% Cu and 0.115% Co starting at 37.6
meters. This is one of the widest high-grade intercepts ever recorded in the Stillwater district.
• The results from CM2021-05 represent an important new discovery with the same distinctive signature of
high-grade nickel sulphide, platinum group metals and gold as encountered in CM2020-04, which returned
8.5 meters of 1.74% NiEq (or 4.65 g/t PdEq) within a broad mineralized package located approximately 125
meters to the west. This zone remains open to further expansion with additional drilling.
• CM2021-06 returned 0.26% NiEq (0.71 g/t PdEq) over 345.0 meters, including 75.4 meters of 0.37% NiEq,
or 0.99 g/t PdEq, and a second, lower interval with 148.4 meters of 0.30% NiEq, or 0.79 g/t PdEq.
• CM2021-04 returned 247.2 meters of 0.21% NiEq (0.57 g/t PdEq) mineralization including two long intervals
at higher grades.
• Results also continue to highlight the potential for significant co-product rhodium values at Stillwater West,
with drill samples in Chrome Mountain holes CM2021-04, -05, and -06 up to 0.36 g/t Rh within the
mineralized horizons. At recent values, rhodium trades at more than 16 times the value of platinum and 8
times the value of palladium on a spot price basis at over USD 16,000 per ounce. Sibanye-Stillwater, adjacent
to Group Ten’s Stillwater West project, is the primary US producer. Supply constraints for rhodium have
supported rising prices since 2017.
• Assay results remain pending from five holes in the HGR deposit area at Iron Mountain and portions of holes
CZ2021-01 and IM2021 -04, in addition to rhodium assay results on a number of mineralized intervals
reported to date.
These results, in addition to results released March 7, 2022 and December 20, 2021, demonstrate significant
potential to expand the October 2021 mineral resource estimates with multiple long intervals at grades well
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above the 0.20% NiEq cut-off grade used in that study (see bolded assay values on Table 1). Potential is also
shown to expand existing resources at higher cut-off grades, such as 0.35% and 0.50% NiEq (red values and
shaded rows, respectively, on Table 1). Moreover, as shown in Figures 1 to 4, these results provide important
intercepts in step-out drill holes located up to several hundred meters from the resource estimate block models.
Dr. Danie Grobler, Group Ten’s Vice-President of Exploration, commented “I am excited to extend my experience
obtained over the past two decades at the Platreef in the northern Bushveld Complex to Group Ten’s Stillwater
West project. We see significant comparability with Platreef-style mineralization in the lower Stillwater Complex
and in particular , early evidence of higher-grade Flatreef pegmatoidal-style mineralization targets within the
project’s layered magmatic stratigraphy.”
Michael Rowley, President and CEO, commented, “The high-grade intercept in hole CM2021-05 is the latest in a
series of exciting discoveries made by our team in the lower Stillwater complex through the development of a
new predictive geologic model for this famously metal -rich district . This notable intercept demonstrates the
same high tenor nickel sulphide mineralization as a similar interval in CM2020-04, 125 meters away, and is in an
area that is completely outside of the current resource block model . It also represents one of the widest high-
grade battery and precious metal intercepts to date in the Stillwater district. Further step -outs on this new
target, situated between the existing DR and Hybrid deposit areas, are a priority for the coming season. Overall,
we continue to see confirmation of a large mineralized system with an impressive endowment of eight of the
commodities listed as critical by t he US government. We look forward to reporting additional remaining drill
results from the 2021 Iron Mountain drilling, exploration plans for 2022, and other news in the near term.”
Table 1 – Highlight Results from the 2021 Expansion Drill Campaign at the DR and Hybrid Deposit Areas
Highlighted significant mineralized intercepts are presented above. Grade -thickness values cover significant mineralized
intervals with total palladium and nickel equivalent grade-thickness determined by multiplying the thickness of continuous
mineralization (in meters) by the palladium equivalent grade (in grams/tonne) to provide gram -meter values (g -m) or by
multiplying the nickel equivalent grade (in percent) to provide percent -meter values as shown. To tal nickel and palladium
equivalent calculations reflect total gross metal content using long term metal prices (all USD): $7.00/lb nickel (Ni), $3.50/lb
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copper (Cu), $20.00/lb cobalt (Co), $1,000/oz platinum (Pt), $1,800/oz palladium (Pd), and $1,600/oz g old (Au). Equivalent
values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and
precious metals. Intervals are reported as drilled widths and are believed to be representative of the actual width of
mineralization.
Upcoming News and Events
Geological Survey of Nevada Symposium
Dr. Craig Bow will present recent findings in a technical session at the GSN Symposium May 4th in Reno, Nevada.
OTC Markets Metals and Mining Conference Virtual Conference
Michael Rowley will present on Thursday, May 5 at 10:30am PT (1:30PM ET). To register, click here.
Vancouver Resource Investment Conference
Group Ten will join fellow Metallic Group company members in Booth 111 at the 2022 VRIC event.
About Stillwater West
Group Ten is rapidly advancing the Stillwater West PGE-Ni-Cu-Co + Au project towards becoming a world-class source
of low-carbon, sulphide-hosted nickel, copper, and cobalt, critical to the electrification movement, as well as key
catalytic metals including platinum, palladium and rhodium used in catalytic converters, fuel cells, and the production
of green hydrogen. Stillwater West positions Group Ten as the second-largest landholder in the Stillwater Complex,
with a 100%-owned position adjoining and adjacent to Sibanye-Stillwater’s 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-Co 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. Group Ten’s work in the lower Stillwater Complex has
demonstrated the presence of large-scale disseminated and high-sulphide battery metals and PGE mineralization,
similar to the Platreef in the Bushveld Complex2. Drill campaigns by the Company, complemented by a substantial
historic drill database, have delineated five deposits of Platreef-style mineralization across a core 12-kilometer span
of the project, all of which are open for expansion into adjacent targets. Multiple earlier-stage Platreef-style and reef-
type targets are also being advanced across the remainder of the 32-kilometer length of the project based on strong
correlations seen in soil and rock geochemistry, geophysical surveys, geologic mapping, and 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-Co + Au 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 adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, which is
currently under an earn-in agreement with an option to joint venture whereby Heritage Mining may earn up to a 90%
interest in the project by completing payments and work on the project. The Company also holds the Kluane PGE-Ni-
Cu-Co 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, brownfield 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, Granite Creek Copper in the
Yukon’s Minto copper district, and Group Ten Metals in the Stillwater PGM-nickel-copper district of Montana. The
founders and team members of the Metallic Group include highly successful explorationists formerly with some of
the industry’s leading explorers/developers and major producers. With this expertise, the companies are undertaking
a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but
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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
2021 drill core samples 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.
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.