WELLGREEN

Overview: Wellgreen Central

Prophecy Platinum's 100% owned Wellgreen property is rich in platinum group metals (platinum (Pt), palladium (Pd) and rhodium Rh), nickel (Ni) and copper (Cu.) Conveniently located in the south west of Canada's mining-friendly Yukon Territory, the site is approximately 35 kilometres northwest of the airstrip at Burwash Landing, just 15 km from the Alaska Highway and 402 km from Alaska's Haines deep sea port. Prophecy Coal Corp. acquired 100% of the Wellgreen property following a September 21, 2010 merger with Northern Platinum, subsequently transferring full ownership to Prophecy Platinum on June 13, 2011.

Management is focussed on advancing the project, with most recent efforts centering around an underground drilling program initiated in January 2012 that is intended to further define the Wellgreen resource. A more comprehensive surface drilling operation will commence later in the spring. In addition, a high level scoping study by Wardrop Engineering is expected to be completed by early Q1-2012. Prophecy intends to utilize the results of the 2012 drill program to update the current resource estimate. Read more >>

Overview: Wellgreen East Zone

The 120 claim (2500 hectare) Wellgreen East Zone property is 100% owned by Prophecy Platinum Corp. The site is located immediately east of the larger Wellgreen project, and accessible by an 8km all-weather road connected to the Alaska Highway just 350km from Haines Alaska deep seaport. All areas of exploration interest on the property are served by a network of four-wheel-drive roads. The Wellgreen East Zone property overlies the east half of the Quill Creek Mafic-Ultramafic Complex, a 20 km long multiphase sill-like intrusion that attains a maximum thickness of over 1 km. The Complex hosts a number of nickel-copper-PGE occurrences. The most significant and well explored of these is the Wellgreen Mine which adjoins the Wellgreen East Zone property to the west. Read more >>

Highlights:

  • 289 million tonnes of inferred resource with grades 0.38% Ni, 0.35% Cu, 1.18 g/t PGM+Au and 14 million tonnes of indicated resource at 0.69% Ni, 0.62% Cu, 2.25 g/t PGM+Au
  • Yukon is one of the most mining friendly jurisdictions
  • Ideal location - Wellgreen is highly accessible to main roads, great infrastructure, electricity and water
  • Exploration upside - Current strike length is 2.6km but geophysical anomaly extents additional 2.3kms with further exploration potential
  • One of only a few deposits of pgm outside South Africa
  • Presence of exotic pgm elements, including Rhodium, Iridium, Osmium and Ruthenium

Wellgreen PGM Nickel Resource:

  Tonnes (t) PGM+Au (g/t) Ni (%) Cu (%)
Indicated 14 Million 2.25 0.69 0.62
Inferred 289 Million 1.18 0.38 0.35

Based on resource estimated at 0.4% NEq cut-off

Metal Indicated Inferred
Nickel (Ni) 0.22 Billion lbs. 2.42 Billion lbs.
Copper (Cu) 0.20 Billion lbs. 2.23 Billion lbs.
Cobalt (Co) 15.77 Million lbs. 191.30 Million lbs.
Platinum (Pt) 0.46 Million oz. 4.93 Million oz.
Palladium (Pd) 0.34 Million oz. 3.91 Million oz.
Gold (Au) 0.24 Million oz. 2.14 Million oz.
PGM+Gold 1.04 Million oz. 10.97 Million oz.

Based on resource estimated at 0.4% NEq cut-off, and 100% metals recoveries.
Wellgreen resource based on the July 2011 NI 43-101 Technical Report by Wardrop Engineering authored by Todd McCracken, P. Geo. of Wardrop Engineering Inc., a Tetra Tech Company, who is an independent Qualified Person under NI 43-101.
Detailed Resource/Grade Table

Next Steps:

  • Surface drilling until September with rolling results (September)
  • Underground definition drilling with rolling results (Q1, 2012)
  • Wardrop engineering study on high grade zone (Q1, 2012)
  • 43-101 Resource update , SGS metallurgical work (Q1, 2012)

Technical Reports:

Table of Drill Logs:

Maps, Models, and Diagrams:

Maps

Cross sections

interactive map


Drill Holes & Logs


Geological Model Videos:


More 3D's >>

Photo Gallery


News Release:

January 3, 2012 - Prophecy Platinum Starts Wellgreen Underground Drilling, 20,000 Meters Planned in 2012 (Maps Included)
Prophecy Platinum Corp. is pleased to announce that the Company will commence drilling on its Wellgreen PGE-Ni-Cu project starting the third week of January, 2012. Approximately 9,000 meters of underground drilling have been planned... Read more >>

December 8, 2011 - Prophecy Drills 384.9 Meters Grading 0.623 g/t PGM+Au, 0.3% Ni, 0.15% Cu (0.45% NiEq) from Surface at Yukon Wellgreen Project (Maps Included)

September 26, 2011 - Prophecy Drills 120.9 Meters Grading 1.26 g/t PGM+Au, 0.36% Ni, 0.30% Cu within 457 Meters Grading 0.47% NiEq at Yukon Wellgreen Project (Maps Included)

September 6, 2011 - Prophecy Commences Wellgreen Metallurgical and PEA Studies With SGS and Wardrop

August 22, 2011 - Prophecy Drills 49.5 Meters Grading 1.27 g/t PGM+Au, 0.71% Ni, 0.45% Cu within 472 Meters Grading 0.43% NiEq at Yukon Wellgreen Project (Photo and Map Included)

August 10, 2011 - Prophecy Platinum Lists on OTCQX Market

July 21, 2011 - Prophecy Platinum Files Wellgreen Mineral Resource Technical Report and Sets Investor Conference Call for Monday, July 25 at 1:30 pm EST

July 14, 2011 - Prophecy Platinum Reports 1.04 million oz PGM+Gold Indicated and 10.97 million oz PGM+Gold Inferred for the Wellgreen Project, Yukon Territory, Canada

June 13, 2011 - Pacific Coast Nickel Completes Acquisition of Nickel Assets

June 2, 2011 - Prophecy and Pacific Coast Nickel Commence 8,000 Meter Drilling Program on its PGM-Ni-Cu Wellgreen Project Map

January 18, 2011 - Pacific Coast Nickel Corp. Purchases Wellgreen PGM and Lynn Lake Nickel Projects From Prophecy Resource Corp.

April 6, 2011 - Pacific Coast to Acquire the Burwash Property Next to Prophecy's Wellgreen

March 8, 2010 - Pacific Coast Announces Renegotiation of Burwash Option Agreement

December 9, 2008 - Pacific Coast Announces Renegotiation of Burwash Option Agreement

[+] Archive

Wellgreen Related Articles

November 29, 2010 - Prophecy Drills 71.17 Metres of 0.52% NiEq (0.310 % Nickel 0.466 g/t PGMs +Au and 0.223% Copper) from surface at Wellgreen Project, Yukon (maps included)

November 3, 2010 - Prophecy Reports Multiple 1g/t Rhodium and 10g/t Platinum Group Metals Chip Samples from Extensive 2.5km Tunnel Sampling (Assay Files Included)

September 27, 2010 - Prophecy Drills 496.06 meters of 0.596 g/t PGM+Au, 0.27% Ni, 0.18% Cu, 0.02% Co (0.45% NiEq*) from Surface at Wellgreen, Yukon. (Maps Included)

September 27, 2010 - Prophecy Initiates 1,000-meter Step-Out Drill Program at Wellgreen PGM-Ni-Cu Resource Property, Yukon Canada (Report and Map Included)

September 21, 2010 - Northern and Prophecy Complete Plan of Arrangement, Prophecy Consolidates 100% Wellgreen PGM deposit.

April 30, 2010 - northern platinum provides update on exploration activities and grants incentive stock options.

January 22, 2010 - northern platinum discovers new mineralized zone at the wellgreen mine

September 9, 2009 - Wellgreen Drill Results

May 30, 2007 - Coronation starts Wellgreen mine drilling

March 23, 2007 - Coronation drills 46.94 m of 0.36% Cu, 0.19% Ni

December 21, 2005 - Wellgreen Copper Nickel PGM Deposit Yukon Territory Assay Results

December 15, 2005 - Wellgreen Copper Nickel PGM Deposit Yukon Territory Re-Assay Results

November 24, 2005 - Wellgreen Copper Nickel PGM Deposit Yukon Territory Assay Results

August 11, 2005 - wellgreen deposit yukon territory wellgreen deposit yukon

August 10, 2005 - wellgreen deposit yukon territory wellgreen deposit yukon

June 29, 2005 - wellgreen deposit yukon territory platinum palladium gold results

October 21, 2004 - wellgreen deposit yukon territories north zone 2004 results

January 17, 2002 - drill results wellgreen area yukon

December 12, 2001 - drill results and surface results from arch claims wellgreen area yukon

November 13, 2001 - drill and surface results from arch claims, wellgreen area yukon

September 11, 2001 - wellgreen area, yukon results from new find

July 5, 2001 - wellgreen project preliminary sample results

June 11, 2001 - wellgreen deposit, yukon

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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.

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