Beartooth Platinum Corporation Announces Start Up of 2008 Drilling Program at Stillwater, Montana, USA
Tuesday, August 12th 2008
Beartooth Platinum Corporation announce the start up of the 2008 drilling program at their Stillwater property, located in south central Montana, USA.
The program will consist of multiple core holes located perpendicular to the 15 km soil geochemical anomaly identified during the 2006 field program.
Preliminary results are expected in the fourth quarter of the year.
Beartooth Platinum Corporation is focused on the exploration for Platinum Group Metals (PGE) globally. The Company is currently active in two of the world’s most significant PGE camps: the Stillwater and Bushveld intrusive complexes. In Montana, USA, Beartooth controls 1054 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 PGE 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.
Additional information about the Company and its properties is available on the Company’s website at www.beartoothplatinum.com.
