Beartooth Platinum Corporation Announces Results From the Inversion Modeling of Ground Magnetic Data, Doornfontein Project, Bush
06 Dicembre 2007 - 11:30PM
Marketwired
TORONTO, ONTARIO is pleased to announce that a drill rig is on
location and is planned to commence drilling today, December 7,
2007 on BTP's Doornfontein property, located above potential
Bushveld rocks, South Africa.
The Doornfontein property overlies a regional-scale magnetic
anomaly situated between the Eastern and Northern limbs of the
Bushveld Intrusive Complex (please visit www.beartoothplatium.com
for property details). The anomaly is 25 kilometers in length, and
reaches 4 kilometers in width. The source of the anomaly is
believed to be Bushveld Complex mafic rocks beneath younger cover
of the Karoo Supergroup. The mafic rocks of the Bushveld Complex
host the world's most prolific deposits of Platinum Group Metals
(PGM), the Merensky and UG2 reefs. Beartooth can earn a 70%
interest in the Doornfontein property through funding of
exploration through to the feasibility stage.
The ground magnetic survey completed on part of the Doornfontein
property in August, 2007 and was designed to provide a three
dimensional model and additional details regarding the structure
and attitude of the causative body. The ground magnetic data have
been used to refine the inversion model based on the airborne
magnetic survey completed by the Council for Geoscience of South
Africa in 2004. The current model shows that a strongly magnetic
tabular body lies beneath the cover rocks of the Karoo Supergroup
on the Doornfontein Property. The body shows a layered structure,
with at least two strongly magnetic, parallel, layers within a
package of rocks having an average magnetic susceptibility
equivalent to ferrogabbros. The body has an average dip of 40
degrees to the south in the ground magnetic survey area. The top of
the body lies at depths of between 150 and 350 meters, and is
interpreted to be between 850 and 1000 meters thick. The results of
the modeling are consistent with the interpretation that the source
of the anomaly is the magnetite-rich ferrogabbroic rocks of the
Upper Zone of the Bushveld Complex.
Mike Johnson, President & CEO of Beartooth Platinum
Corporation, stated "The three dimensional magnetic model is
extremely encouraging. It shows that the magnetic anomaly has
characteristics we would expect if the source were layered Upper
Zone rocks of the Bushveld Complex. It also indicates that the
anomaly comes much closer to surface than previously predicted. The
initial hole should be completed by December 20th. We will then see
if our interpretations are correct. If the anomaly is indeed caused
by Bushveld rocks, then we have succeeded in opening up 25
kilometers of new Bushveld strike length to explore for the
all-important Merensky and UG2 reefs. This would be a very exciting
result for the Company."
Assays from these summers' drilling activity at the Stillwater
Project, Montana, U.S.A., are being received. It is hoped that a
complete assay package will be available in early January, 2008 and
will be published at that time.
About Beartooth Platinum Corporation
Beartooth Platinum Corporation is focused on the exploration for
Platinum Group Metals (PGM) globally. The Company is currently
active in two of the world's most significant PGM camps: the
Stillwater and Bushveld intrusive complexes. In Montana, USA,
Beartooth controls 872 unpatented lode mineral claims over the
exposed 50-km strike length of the Stillwater Intrusive Complex.
The Stillwater Complex hosts the JM-Reef, the world's highest-grade
primary PGM deposit. Stillwater Mining Company (SMC) currently
operates two mines on the J-M Reef. Beartooth's mineral claims are
contiguous with these significant resource properties.
In Limpopo Province of South Africa, Beartooth has an option to
earn a 70%-interest in the approximately 7,500 hectare Doornfontein
property. The Doornfontein property overlies a regional scale
magnetic anomaly situated between the North and East Limbs of the
Bushveld Intrusive Complex. The anomaly is thought to reflect the
westward extension of the East Limb of the complex beneath younger
cover rocks. The East Limb of the intrusion hosts the Merensky and
UG2 platiniferous reefs, two of the most significant repositories
of Platinum Group Metals in the world.
Regulatory Footnotes
Michael D. Johnson, President, CEO and Director of Beartooth
Platinum Corporation (BTP), is a Qualified Person as defined under
National Instrument 43-101 responsible for the scientific and
technical work on the Doornfontein exploration program and is
responsible for reviewing the technical disclosure in this press
release.
Statements in this release that are not historical facts are
"forward-looking statements" within applicable securities laws.
Readers are cautioned that any such statements are not guarantees
of future performance and that actual developments or results may
vary materially from those in these "forward-looking
statements.
Additional information about the Company and its properties is
available on the Company's website at
www.beartoothplatinum.com.
If you would like to receive press releases via email please
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The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Beartooth Platinum Corporation Michael D. Johnson
President & CEO (775) 721-7966 Email: mdjohnsonassoc@aol.com
Beartooth Platinum Corporation Dave Meyer Vice President, Corporate
Development (416) 861-5891 Email: info@beartoothplatinum.com
Website: www.beartoothplatium.com CHF Investor Relations Jeanny So
(416) 868-1079, Ext 225 Email: jeanny@chfir.com
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