[miningmx.com] – ROBERT Friedland, executive chairman of Ivanhoe Mines, hailed a recent drill result at the Toronto listed firm’s Platreef project in South Africa as “extraordinary” and “unprecedented”, according to a report by the Canadian Press.
“This is an extraordinary drill hole,” said Friedland. “The 90-metre thickness of the intercept, which roughly is the same height as a 30-storey building, is unprecedented at Platreef and I believe it also is without precedent in an underground platinum discovery in South Africa,” he is quoted to have said.
“The scale of the mineralized intercept has obvious implications for the contained PGMs (platinum group metals) and base metals in the open-ended Flatreef poly-metallic discovery,” he said.
Friedland’s comments sent Ivanhoe Mines shares 6% higher, closing on October 16 some 13 Canadian cents higher at C$2.26/share.
