Wrap Text
Eastplats To Conduct Further In-Fill Drilling On Mareesburg Project
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768555096
Share Code JSE: EPS ISIN: CA2768555096
(“Eastplats” or the “Company” or “the Group”)
May 12, 2017
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTPLATS TO CONDUCT FURTHER IN-FILL DRILLING ON MAREESBURG PROJECT
May 12, 2017, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased
to provide an operational update on its plans to carry out a limited infill drilling program on its Mareesburg project
properties. The Mareesburg comprises one of the Company’s PGM mining and mineral rights and is located on the
eastern limb of the Bushveld complex, in Limpopo Province, South Africa.
Based on an ongoing review of its portfolio, the Company determined that further assessment work on Mareesburg
was warranted. The Company intends to carry out a focused re-assessment on the Mareesburg open pit project
including additional infill drilling for resource and reserve determination. Recommendation of location of infill
drilling holes has been made based on a review of the historical drilling results by SRK Consulting. Maps showing
the intended location of the drilling will be posted on the Company’s website. The drilling work will be carried out
by a local operator in South Africa. Community liaison is also underway to ensure local communities are
accommodated and updated on the project status. The Company will provide periodic updates of the results.
Diana Hu stated “we look forward to carrying out this additional work on Mareesburg, as we take a fresh look at our
mineral properties during 2017 with a view to further development opportunities in this challenging market”
For further information, please contact:
EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as
“forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include,
without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are
statements that are not historical facts and are generally, but not always, identified by the words “will”, “plan”, “intends”, “may”,
“will”, “could”, “expects”, “anticipates” and similar expressions.
In particular, this press release contains forward-looking statements pertaining to: refurbishment of our processing facilities; options
for development including business arrangements; preparation of drilling and future assessment of Mareeesburg project. These
forward-looking statements are based on assumptions made by and information currently available to the Company. Although
management considers these assumptions to be reasonable based on information currently available to it, they may prove to be
incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not
to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs,
plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but
are not limited to, commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings
and risks related to operations in foreign countries. A more detailed discussion of the risks facing the Company are included in its
Annual Information Form, a copy of which is available under the Company’s profile on www.sedar.com.
The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable
securities laws, the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
JSE Sponsor
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