Platinum Group Metals Ltd.: Form 6-K - Filed by ... STATES SECURITIES AND EXCHANGE COMMISSION...

0001062993-13-006055.txt : 201311270001062993-13-006055.hdr.sgml : 2013112720131127134400ACCESSION NUMBER:0001062993-13-006055CONFORMED SUBMISSION TYPE:6-KPUBLIC DOCUMENT COUNT:28CONFORMED PERIOD OF REPORT:20131127FILED AS OF DATE:20131127DATE AS OF CHANGE:20131127

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:PLATINUM GROUP METALS LTDCENTRAL INDEX KEY:0001095052STANDARD INDUSTRIAL CLASSIFICATION:GOLD & SILVER ORES [1040]IRS NUMBER:000000000STATE OF INCORPORATION:A1FISCAL YEAR END:0831

FILING VALUES:FORM TYPE:6-KSEC ACT:1934 ActSEC FILE NUMBER:001-33562FILM NUMBER:131246953

BUSINESS ADDRESS:STREET 1:788 - 550 BURRARD STREETCITY:VANCOUVERSTATE:A1ZIP:V6C 2B5BUSINESS PHONE:6048995450

MAIL ADDRESS:STREET 1:788 - 550 BURRARD STREETCITY:VANCOUVERSTATE:A1ZIP:V6C 2B5

FORMER COMPANY:FORMER CONFORMED NAME:NEW MILLENNIUM METALS CORPDATE OF NAME CHANGE:19990915

6-K1form6k.htmFORM 6-K

Platinum Group Metals Ltd.: Form 6-K - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the period of: November 26, 2013

Platinum Group Metals Ltd.
(SEC File No. 001-33562)

Suite 328 550 Burrard Street, Vancouver BC, V6C 2B5,CANADA
Address of Principal Executive Office

Indicate by check mark whetherthe registrant files or will file annual reports under cover:

Form 20-F []Form40-F [X]

Indicate by check mark if theregistrant is submitting the Form 6-K in paper as permitted by Regulation S-TRule 101(b)(1): []

Indicate by check mark if theregistrant is submitting the Form 6-K in paper as permitted by Regulation S-TRule 101(b)(7): []

Pursuant to the requirements of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

Date: November 26, 2013 R. Michael Jones R. MICHAEL JONES DIRECTOR & CEO

EXHIBIT INDEX

Exhibit Description 99.1 Technical Report dated November 12, 2013 99.2 Consent of QP dated November 26, 2013 99.3 News Release dated November 26, 2013 99.4 Material Change Report dated November 26, 2013

EX-99.12exhibit99-1.htmEXHIBIT 99.1

Platinum Group Metals Ltd. - Exhibit 99.1 - Filed by newsfilecorp.com

Platinum Group Metals Ltd

Technical Report on the Exploration of theWaterberg
Extension Project, South Africa
(Latitude 23 14 00S, Longitude 28 55 00E)

Effective Date: 12 November 2013 Qualified Person: Kenneth Lomberg (Pr.Sci.Nat.)

Coffey Mining (SA) Pty Ltd

Author(s): Kenneth Lomberg Senior Principal B.Sc.(Hons) Geology, B.Com., M.Eng. Pr.Sci.Nat., FGSSA
Date: 12 November 2013 Project Number: JWAT02 Copies: Platinum Group Metals (2) Coffey Johannesburg (1)

Document Review and Sign Off [signed] [signed] Author and Qualified Person: Reviewed by: Kenneth Lomberg Navin Reddy Senior Principal Exploration Manager

Waterberg Extension Project
Technical Report on Exploration12 November 2013


Date and Signature Page

This report titled Technical Report on the Exploration of theWaterberg Extension Project, South Africa with an effective date of 12 November2013 was prepared on behalf of Platinum Group Metals (Pty) Ltd by KennethLomberg and signed:

Dated at Roodepoort, South Africa, this 12 November 2013

[signed] Kenneth Lomberg, B.Sc.(Hons) Geology, B.Com., M.Eng., Pr.Sci.Nat., FGSSA. Senior Principal



Table of Contents
______________________________________________

1 Summary 1 1.1 Introduction 1 1.2 Project Area and Location 1 1.3 Geological Setting, Deposit Type and Mineralisation 2 1.4 Local Geology 3 1.5 Exploration Status 5 1.6 Diamond Drilling 6 1.7 Mineral Resources 7 1.8 Interpretation and Conclusions 7 2 Introduction 9 2.1 Scope of the Report 9 2.2 Principal Sources of Information 9 2.3 Qualifications and Experience 9 2.4 Independence 10

3 Reliance on Other Experts 11 4 Property Description and Location 12 4.1 Property Description and Location 12 4.2 Mining Tenure 12

4.3 License Status 14 4.4 Holdings Structure 14

4.5 Legal Access 14 4.6 Royalties and Agreements 15

4.7 Environmental Liabilities 15 5 Accessibility, Climate, Local Resources, Infrastructure and Physiography 17 5.1 Access 17

5.2 Climate 17 5.3 Physiography 17

5.4 Local Resources and Infrastructure 17 6 History 19 6.1 Exploration History 19

7 Geological Setting and Mineralisation 20 7.1 Regional and Local Setting 20 7.1.1 Bushveld Complex Stratigraphy 21



7.1.2 The Northern Limb 23 7.1.3 The Platreef and its Mineralisation 26 7.2 Waterberg Group /Bushveld Complex Age Relationship 27 7.3 Project Geology 28 7.3.1 Stratigraphy 31 7.3.2 Structure 34 7.4 Mineralised Zones 34 8 Deposit Types 36 9 Exploration 37 9.1 Current Exploration 37 9.1.1 Surface Mapping 37 9.2 Geophysical Surveys 38 9.2.1 Property Airborne Gravity Gradient and Magnetics 38 9.2.2 Ground Gravity 41 9.3 Exploration Conclusion and Recommendation 42 9.4 Coffey: Technical Review 42 10 Drilling 43 10.1 Core Drilling in 2013 43 10.2 Drilling Quality 43 10.3 Diamond Core Sampling 43 10.4 Sample Recovery 43 10.5 Sample Quality 45 10.6 Drilling Results 45 10.7 Interpretation of Results 46 10.8 Coffey: Technical Review 46 11 Sample Preparation, Analyses and Security 47 11.1 Core Handling 47 11.2 Core Logging and Identification of Mineralized Layers 47 11.3 Sampling Methodology 47 11.4 Sample Quality and Sample Bias 49 11.5 Supervision of Sample Preparation 49 11.6 Sample Preparation 51 11.7 Sample Security 51 11.8 Chain of Custody 52 11.9 Analytical Procedure 52 11.9.1 Sample Preparation 52 11.9.2 Precious Metal Determination 53



11.9.3 Base metals Determination 53

11.9.4 Laboratory QA/QC 53 11.10 Adequacy of Procedures 54

11.11 Coffey: Technical Review 54 12 Data Verification 55 12.1 Accurate Placement and Survey of Borehole Collars 55

12.2 Downhole Surveys 55 12.3 Quality Assurance and Quality Control (QA/QC) Procedures and Results 55

12.3.4 Assay Validation 56 12.4 Data Quality Summary 56

13 Mineral Processing and Metallurgical Testing 57 14 Mineral Resource Estimates 58 15 Adjacent Properties 59 15.1 Waterberg JV Project 59 15.2 Harriets Wish and Aurora Projects 60

16 Other Relevant Data and Information 61 17 Interpretation and Conclusions 62 18 Recommendations 63 19 References 64



List of Tables
______________________________________________

Table 4.2_1 Summary of Mineral Exploration and Mining Rights (South Africa) 13 Table 4.3_1 Summary of Waterberg Extension Project Prospecting Rights 14 Table 10.6_1 Mineralised Intersections from Boreholes WE01 and WE02 46 Table 18_1 Recommended Exploration Budget 63

List of Figures
______________________________________________

Figure 1_1 Geology of the Waterberg Extension Project 4

Figure 4.1_1 Location of the Waterberg Extension Project Properties 12 Figure 4.3_1 Locations of the Waterberg Extension Project Prospecting Rights 16 Figure 5.3_1 Photograph looking towards the Eastern side of the Waterberg Extension Project 18 Figure 7.1_1 Geological Map showing the location of the Waterberg Extension Project 21 Figure 7.1.1_1 Generalised Stratigraphic Column of Rustenburg Layered Suite 23 Figure 7.1.2_1 General Geology of the Northern Limb of the Bushveld Complex 24 Figure 7.1.2_2 Geology of the Northern Limb showing the Various Footwall Lithologies 25 Figure 7.3_1 Section Showing Geology at Waterberg Extension Project, South Area 30 Figure 7.3_2 Geology of the Waterberg Extension Project 31 Figur 7.3.1_1 General Stratigraphy of the Waterberg JV and Waterberg Extension Projects 33 Figure 9.2.1_1 Airborne Gradient Gravity and Magnetic survey Flight Lines 39 Figure 9.2.1_2 Airborne Gradient Gravity Plot with Interpreted Bushveld Complex Edge 40 Figure 9.2.1_3 Airborne Total Field Magnetics Plot with Interpreted Bushveld Complex Edge 41 Figure 10.1_1 Location of Boreholes on the Waterberg Extension Project 44 Figure 10.1_2 Small Scale Location of Boreholes on the Waterberg Extension Project 45 Figure 11.3_1 Photograph of Core Cutting 48 Figure 11.3_2 Photographs of an Example of Sampling Methodology 50

List of Appendices
______________________________________________

Appendix A Authors Certificate 1



1

SUMMARY

1.1

Introduction

Coffey Mining (South Africa) Pty Limited (Coffey) has been requested by Platinum Group Metals RSA (Pty) Ltd. (PTM), on behalf of Platinum Group Metals Ltd, the issuer, to complete an Independent NI 43-101 Technical Report on exploration at the Waterberg Extension Project. For clarity, this report pertains only to the Waterberg Extension Project which is considered separate from the adjacent Waterberg Joint Venture (JV) Project to the south. The ownership structure of the Waterberg Extension Project differs from the Waterberg JV Project. PTM holds a direct 74% share in the Waterberg Extension Project with Mnombo Wethu (Pty) Ltd (Mnombo), a BEE partner, holding the remaining 26% share. PTM has a 49.9% interest in Mnombo which brings the effective interest of PTM in Waterberg Extension Project to 86.974%.

This project is targeting the strike continuation of a recently discovered extension to the northern limb of the Bushveld Complex immediately adjacent to the Waterberg JV Project and may have further potential for Platinum Group Metals (PGMs), gold and base metals (Cu, Ni). This report complies with disclosure and reporting requirements set forth in the Toronto Stock Exchange Manual, National Instrument 43-101 Standards of Disclosure for Mineral Project (NI 43-101), Companion Policy 43-101CP to NI 43-101, and Form 43-101F1 of NI 43-101.

The report reviews exploration activities including diamond drilling completed to the effective date of 12 November 2013 and is based on documentation related to the project and discussions with project management as well as field visits to the project area.

1.2

Project Area and Location

The southern boundary of the Waterberg Extension Project is located some 85km north of the town of Mokopane, Limpopo Province. The project currently consists of registered Prospecting Right number LP30/5/1/1/2/10804PR, LP30/5/1/1/2/10805PR and LP30/5/1/1/2/10810PR. The area of the prospecting rights covers 488.86km2 and extends some 35km from north to south and 28km from east to west. Additional Prospecting Licenses covering an area of 330.15km2 adjoining the currently issued rights have been accepted by the Department of Mineral Resource (DMR).

The granted prospecting rights are centred on Latitude 23 14 00S, Longitude 28 55 00E. The current prospecting rights are set to expire in five years at which point PTM is allowed to apply to the Regional Manager, Limpopo Region, DMR for the conversion of the current prospecting rights into mining rights within that renewal period of three years.

Waterberg Extension Project Page: 1 Technical Report on Exploration 12 November 2013


1.3

Geological Setting, Deposit Type and Mineralisation

PGM-dominated deposits occur in large layered intrusions, such as the Bushveld Complex (South Africa), the Stillwater Complex (Montana) and the Great Dyke (Zimbabwe). The Waterberg Extension Project is located on the northern limb of the Bushveld Complex. The 2,060 million year old Bushveld Complex, with a total extent of approximately 66,000km2 , is the worlds largest zoned mafic intrusions. The mafic rocks of the Bushveld Complex host zones rich in PGM, chromium and vanadium, and constitute the largest known resource of these metals. In addition, nickel and copper are generally associated with the PGMs and are significant by-products.

The mafic rocks are collectively termed the Rustenburg Layered Suite (RLS) and have been divided into five zones known as the Marginal, Lower, Critical, Main and Upper Zones.

The Critical Zone is characterised by regular rhythmic layering of cumulus chromite within pyroxenites, anorthosites, norites and olivine-rich rocks. It hosts virtually all the economic mineralisation encountered in the Bushveld Complex.

The first economically significant cycle from a PGM perspective is the UG2 Chromitite Layer. The two uppermost cycles of the Critical Zone are the Merensky and Bastard cycles. The former is of great economic importance as it contains at its base the PGM-bearing Merensky Reef. In the western part of the Bushveld Complex, several metres below the Merensky Reef, a unit known as the Pseudo Reef occurs and is known to be mineralised with PGMs.

In the Northern Limb, the Platreef mineralisation occurs proximal to the basal contact of the Bushveld Complex with the country rock, typically as a thicker zone (up to 30m thick) containing disseminated sulphides. Where the Bushveld Complex is in contact with the Archaean granite and sediments of the Transvaal Supergroup floor rocks, the Platreef is developed. The contact between the RLS and footwall rocks in the northern limb is transgressive, with the Platreef in contact with progressively older rocks of different lithologies from south to north.

The Platreef is a series of pyroxenites and norites, containing xenoliths/rafts of footwall rocks. It is irregularly mineralised with PGM, Cu and Ni. The Platreef (sensu stricto) has a strike extent of some 30km, whereas Platreef-style mineralisation occurs over the 110km strike length of the northern limb (Kinnaird et al, 2005). The Platreef varies from 400m thick in the south of the northern limb to WKR.E-M6Ì^+`7UN&UW$KM'&D8)Z\]Z[NUMX[2VC@A7;'&NU17%^,[.6&\M[P9960(SX_B'^/]*Z'2?$-GM?6BM+/'#,`/,1V"\^V>HI+=@9OCJTC:T@N^DB/Y?U!!/]/[email protected]#?\`M+)'0'VZC^=4O%VLQ7[Q6=HXEC1MS,O.YN@`]>M:PL6L/!,\,@Q(86=QZ$]J7M5V`J^`?]3>_[R_UI/'WW+'ZO_P"RT[P#_J;W_>7^M-\??VU%=@?"L2,[&'].?Y4/H!HS>,[.>%XI+&1D=2I!8%QE9V/_MVP!#`1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-CM8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P``1"`*I`DKQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!M`0$!`0````````$"`P0%!@H?+=`/+?('9^?UZTMHFQD2(R8[]1^=`$M+3596&5((]J=0,****`"BBB@`HHHH`****`"BBB@`HHHMH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"MBBB@`HHHH`***2@!:2F&9`2,[B.R\FF9FDQ@"(>_)H`F)`&20!47G;B1$I?WM'`_/_"E6!`=S?.WJW/\`^JI*`(MDCX,CX']U./UIZ1H@PJ@9Z^]/HH`3%,F^MX/\`>7^8J2HYON#_`'E_F*`'T44M`$30J267*,>ZG%)F9#R!(OJ.#4U%`$23M(YQDAO[K#!J2D9%888`CW%1>2R#]TY7V;D4`34M0^:RG$D9'NO(IZNKC*L#]M#0`^BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHMH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@M`HHHH`****`"BBB@`HHHH`2H;F?R(2X&6/"KZGL*F/2JD>+F[:0CY(?E4^K=MS_3\ZF3Z(J*ZLEMIQ/"'Z'HP]".HJ5G5!EF`'N:I3;H+M6#;(IN&([-V_/I5MJ.%$Y`R?[Q.3^=$7T8I+JAOFLX_7^8I],F^X/\`>7^8H`?2TE+0`4444`)1M2T4`)3'A1FW8PW]X8P8`D&1C_6I_(P!Y;LF/3D?E3H/]1'_NC^M524));`VWN0[Y$SO3B?XT`/>1$'S,!4>^23&R/M"GN_'Z?_`*JD2)$)*KR>I/)_.G4`5_LBD'+MD_W>!^73\Z'/E%6]FZ_G4]%`BM(3J#B0%#_M=/SJ7(-&`:C\A5&(B8_9>GY4#):*@WS1CYUWCU3@_E3TE1R0KDO\`Z`:T*S_$'_(O:G_UZ2_^@&M"@`HHHH`****`"BBB@`HHHH`*M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHMHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBBM@`HHHH`****`"BBB@`HHHH`****`"BBB@#/A_P"1AO?Ô2#_`-#FK0K/A_Y&M&]_Z](/_`$.:M"@`HHHH`S_$'_(O:G_UZ2_^@&M"L_Q!_P`B]J?_`%Z2_P#HM!K0H`****`"HKBXAM8O,N)%C3.,L.!R#BM&:&Q@A:66WM@5%&22@XH3BRG":W&?VUIO\`S^P_]]4?VUIO_/[#_P!]55BO-.FM99X[#(BSMYB&-0RC&O2ES1'R3)_P"VM-_Y_8?^^J/[M:TW_`)_8?^^JIOJ.E1SW$+VBJT`.W@M55&22@`Ì([:REC62*&W>-P&5E12"#T(-&@:D7]M:;_S^P_]]4?VUIO_`#^PM_P#?56/L5K_S[0_]^Q1]BM?^?:'_`+]BC0-2O_;6F_\`/[#_`-]4?VUIO_/[M#_WU3HTTV::2&);1Y8L>8BA2R9Z9':G2P6$";YHK:-D_W%_E5;MPZ1_;UGT^_\`T-2,GO-%NWO)W5K?#2,1F=1W^M7=*TJYAM-15S#F6W*KMF4\M^_/%8-^1_:%S_P!=6_F:T="(^QZK_P!>Q_G0WH.*NTB+^P[SUM_^_P"G^-=+MI\2V'A:1;U!(B[MZHX(8$],BN,R/45U^CS_9O"4DWEK)L+G8_0\]ZQA4YW:QMUU\-[*/,F6VF6XVV-];0*DB;U19BQ(7D:24(-3MOW8Y]*Z-K.V8.&MXB)'$CY0?,PQ@GU/`Y]J8VG63W@NVM(#@X''M0!DZ!JTNLW$UPC8M(XHTV;1GS2-SY/MD#\ZSH=8OW6WO/M0/G7MQM39A%^5=Q7(/WMP`SZ5T&E:='IEIY$;%\NTC,0`26.3TJ1-/LTNVNTM85N6MZRB,;C^/6@#'\(6\D=E>.]PTC/=2C)1000[`G@F>M`'&:_>[]7N;^.*Y=MM,>-86CA8H-IS+E@,#@XY]*UYM1O7U2[>VN,VMK:)5Q`L;H9EC#C=G(.P[>PM]ZU8M+T^!I6BLK=#,")"L0&\'J#QS3[:RM;,?Z+;0P_*%_=H%X&DO_H!K0K/\0?\B]J?_7I+_P"@&M"@`HHHH`*Q_$7^KL/ÔV/^M;%8MOB=!+;6\_ZXM_*IK'_`(\;?_KDO\JQ-1T**#3KB47MZY2-FVO*"#QWXK:L!BPMA_TRM7^0H=K:"6Y8HHHJ2C/A_Y&&]_P"O2#_T.:M"L^'_`)&&]_Z](/\`T.:M"@`HMHHH`S_$'_(O:G_UZ2_\`H!K0K/\`$'_(O:G_`->DO_H!K0H`****`"LCQ%_JM[#_K]C_K6O61XB_U=A_U^Q_UJH[BEL:]5-2_X]D_Z[P_^C%JW534O^/9/^N\M/_HQ:2W![$US&]O$D2W8[=D10ME=C+S\QY^;.>G'2@"S)KE@B*PE9PS*J^6A;=N3>,8_V033?^$@L/WA#2E(X?M/9Q$VWR\$ALXZ':J]\?6G?;99(E^RZ;-L895W(`(]:\^5>M;7+'8*U=4UH4%LMO,KI-SY-L._+&EQJ$0W/:12#_IF^M"/SJH4I5-V>+5Q9*5MWJ0N^%R:K2È#5QX\KR#3!%Z&NJ+2+C)(SF6HWAR.0#6D\`ZE:@:/^[^5;QFM;QJ(H!`#P,4R1\'`Y-6Y4XSW[UGR@B0GL>E;1]XZ8.XY9,GGBI`W%5E!9@*5M@4[_`$I\IHXK8F**W(R#[4IA7LW/O4`9C9*4K/?0[Z4VJ2NNY"9MEW88%?8BHY'X)ZL3@"F23[Y2N,K2;5,R@#&!GFN"TAJ5&_-9_H7[90EN,8)/M)]S3)G`Y8\8]:3S"`J=`*T8.!FF[3N'!QCH:F4C=G'%!*GD-^=%QD#Q!QAB13H$`!"'I^M/EMV[*MP/\`.K7S=Z;,VT57,T@/'(KQJDY57S,F4E'0LNV*JL>N*1YSZ

Platinum Group Metals Ltd.: Form 6-K - Filed by ... STATES SECURITIES AND EXCHANGE COMMISSION...

Documents

Transcript of Platinum Group Metals Ltd.: Form 6-K - Filed by ... STATES SECURITIES AND EXCHANGE COMMISSION...