Canadian Platinum Corp.: Fieldwork Starts at Cook Gold Project
Saskatoon, April 12th, 2018 - Canadian Platinum Corp. ("CPC" or the "Company"-TSXV:CPC) is pleased to announce that personnel are on site to commence the initial phase of exploration work on the Cook Gold Project in northern Nevada. As reported December 21st, 2017, the Company engaged Axiom Exploration Ltd. ("Axiom"), of Saskatoon, SK, to design and implement the first phase of exploration on the property. Axiom is now in the field and over the next few weeks will supervise contracted airborne geophysical and airborne hyperspectral surveys, followed by geological mapping with a focus on alteration and structure, geochemical surveys, ground geophysics, verification of historical sampling, prospecting and new sampling, and data compilation and interpretation to select drill targets.
The 70%-owned Cook Gold Project consists of 88 lode claims located 100 km northwest of Winnemucca, Nevada. Historical surface and underground sampling outlined a 2.1 km X 0.6 km corridor hosting significant gold, silver and copper mineralization. Within the mineralized corridor, there are 5 historical mine workings where near-surface oxidized mineralization was mined. Historic results can be viewed on the Company website www.canplats.ca. The current work program will focus on further exploring and better delineating the mineralization within the corridor.
Gary Billingsley, President, comments "The Company is looking forward to the results generated from this first phase of exploration work and, based on those results, working as quickly as possible to delineate a resource."
Qualified Persons
The technical data in this news release have been prepared, reviewed, and approved by Gary Billingsley, PEng, PGeo, a qualified person under the terms of National Instrument 43-101.
About Canadian Platinum Corp.
Canadian Platinum Corp. is a Canadian-based resource exploration and development company with its head office in Saskatoon, SK. CPC is focused on the acquisition and development of a diversified portfolio of resource properties that include platinum group elements, precious metals, base metals and strategic metals, including cobalt.
CANADIAN PLATINUM TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL "CPC".
For more information, including news releases and technical reports providing more detail on the contents of this news release, please visit our website at www.canplats.ca.
For further information:
Gary Billingsley, President
Phone: 306-242-7363
Facsimile: 306-992-0729
www.canplats.ca
To receive information by email go to www.canplats.ca and click "Contact Information".
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CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.
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