URUGUAY
Overview: Uruguay Project
At least three major Proterozoic basement terranes, one containing a
significant Archean component, are present in Uruguay. These terranes
are partially covered by Phanerozoic sedimentary rocks ranging from
Cambrian to Quaternary, but are exposed in eastern and southern Uruguay.
The three major terranes collided and rifted at various geological
times, from the Early Proterozoic to the Neo-Proterozoic or Cambrian.
Prophecy Platinum has First Administrative Rights over five Prospection
Permits in Uruguay for magmatic nickel-copper sulfide exploration. These
comprise the Cerro Chato (3,176-hectares), Molles North
(4,283-hectares), Molles South (200-hectares), Quebracho
(8,502-hectares) and Polanco (12,000-hectares) Prospection Permits
The Prospection Permits were identified by Company geologists as a result of countrywide targeting, followed by field reconnaissance, in 2008. Regional focus was on steep crustal-penetrating structural zones marginal to Precambrian cratonic blocks, with the presence of sulfidic metasedimentary cover rocks and, in some cases, historically reported ultramafic rocks. Multi-element Ni-Cu-Cr-Co anomalies in historical regional geochemical data led Company geologists to identify prospective ultramafic-mafic intrusive suites in all of the Prospection Permits. Read more >>
Highlights:
- Company holds rights to 8 distinct properties throughout Uruguay
- Grassroots projects with geophysical and geochemical database indicating anomalies over several properties
- Uruguay is considered business and mining friendly jurisdiction with an increasingly growing mining sector
Next Steps:
- Follow up on notable geophysical and geochemical features with ground reconnoitring
The
documents on this page are PDF (Portable Document Format) which offer
higher-quality printouts. To open these files, you will need Adobe
Reader software. If you do not have Adobe Reader already installed on
your computer, you can download the installer and instructions free from
the Adobe Web site.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. 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 website.
Qualified Person under NI 43-101
Danniel Oosterman, P.Geo., a consultant of the Company is the
qualified persons responsible for the technical information on this
website.
Cautionary Note Regarding Mineral Resources and Mineral Reserves
Readers should refer to the Company's current technical reports and
other continuous disclosure documents filed by the Company available
on Sedar at www.sedar.com for further information on the mineral
resource estimates of the Company's projects, which are subject to the
qualifications and notes set forth therein, as well as for additional
information relating to the Company more generally. Mineral resources
which are not mineral reserves, do not have demonstrated economic
viability. Inferred mineral resources have insufficient confidence to
allow the meaningful application of technical and economic parameters or
to enable an evaluation of economic viability suitable for public
disclosure. Neither the Company nor readers can assume that all or any
part of an inferred mineral resource will be upgraded to indicated or
measured mineral resource. Most projects at the inferred mineral
resource stage do not ever achieve successful commercial production.
Each stage of a project is contingent on the positive results of the
previous stage and that there is a significant risk that the results may
not support or justify moving to the next stage.
Quality Control and Quality Assurance
Prophecy Platinum executes a quality control program to ensure best
practice in sampling and analysis. Samples are cut and split for assay
with the remaining sample retained for reference. Blanks, Standard
Reference Material (SRM), and duplicates were inserted into the sample
stream every 20th sample. A duplicate sample is taken every 20th sample
of core. The selected sample is sawn in half and then sawn in half
again. The quartered core is then placed into two different sample bags
with different sample numbers and sealed. The SRM material comes from
Natural Resources Canada and Analytical Solutions Limited. These were
inserted into the sample stream immediately after the second duplicate.
The SRMs used are WMS-1a, WPR-1 and WGB-1. Sample Blanks are obtained
from two sources; granodiorite from a local quarry and garden marble
from hardware stores in Whitehorse, Yukon. A Blank sample is inserted
into the sample stream after the SRM. Assayed samples are transported
in sealed and secured bags for preparation at ALS Chemex Prep Lab
located in Whitehorse, Yukon. Pulverized (pulp) samples are shipped for
analysis to ALS Chemex Assay Laboratory in Vancouver, B.C. ALS Chemex
is an ISO/IEC 17025:2005 accredited laboratory and registered under ISO
9001:2000.
Quality assurance and quality control are monitored using scatterplots,
Thompson-Howarth plots and statistical analysis to ensure duplicates,
blanks and standard data are reliable and indicate robustness of
overall results. ALS Chemex quality-assurance procedures are also
included in this process."
Click here for the Qualified Person information, forward-looking statements and the cautionary note.
