12 Rigs Drilling on the Waterberg Joint-venture Project

Platinum Group Metals and JOGMEC have expanded the drilling program on their Waterberg joint venture project on South Africa’s Bushveld Complex to 12 drill rigs. The expanded program is scheduled for completion by March 31 and will be followed by an updated resource calculation that will be incorporated into an ongoing pre-feasibility study.

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Detour Gold Drilling at Lower Detour Continues to Produce Positive Results

Detour Gold has reported the final results from its 2015 summer drilling program at its Lower Detour project, located approximately 6 km south of its flagship Detour Lake gold mine in northeastern Ontario. An infill drilling program of 30,408 m in 55 holes was conducted at 50-m spacing to test the continuity and extent of the gold mineralization within the project’s Zone 58N.

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Rio Tinto Earning Into Reservoir’s Serbian Copper-Gold Project

Rio Tinto Mining and Exploration has entered into an earn-in and joint venture agreement with Reservoir Minerals covering Reservoir’s Tilva project in the Timok magmatic complex, Serbia. Reservoir’s recent Cukaru Peki discovery has demonstrated the project’s excellent exploration potential for large-scale copper-gold deposits. Rio Tinto has the option to earn up to a 75% interest in stages by sole funding project expenditures of up to $75 million.

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Rio Tinto Farm-in Might Total $60M in Citadel Project Spending

Rio Tinto Exploration has signed a farm-in agreement with Antipa Minerals to acquire up to a 75% interest in Antipa’s Citadel project in northern Western Australia. The agreement calls for four stages of development, which, if fully realized, would involve total expenditures of $60 million by Rio Tinto Exploration, which is a wholly owned subsidiary of Rio Tinto Plc.

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