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Platinum Group Metals Ltd, Anglo Platinum, and Africa Wide form platinum exploration joint venture in South Africa''s "Western Bushveld" region.

Publication: M2 Presswire
Publication Date: 27-OCT-04 		Format: Online - approximately 1143 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-27 October 2004-Platinum Group Metals Limited: Platinum Group Metals Ltd, Anglo Platinum, and Africa Wide form platinum exploration joint venture in South Africa's "Western Bushveld" region(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:10272004

Vancouver, British Columbia CANADA /FSC/ - Platinum Group Metals Limited (PTM - TSX Venture, PTMQF - OTCBB), announces today the formation of a Joint Venture ("JV") with, Anglo American Platinum Corporation Limited ("Anglo Platinum") (AMS-JSE) and Africa Wide Mineral Prospecting and Exploration (Pty) Limited in compliance with South Africa's recently enacted minerals legislation, that will pursue platinum exploration and development on combined mineral rights covering 67 square kilometres on the platinum-rich Western Bushveld Complex of South Africa.

"This JV is a logical consolidation of mineral rights for potential mining development and creates one of the larger assembled land positions on the Western Bushveld Complex, the source of most of the world's platinum" said R.

Michael Jones, President of PTM.

The JV will immediately provide for a 26% Black Economic Empowerment interest in satisfaction of the 10-year target set by...

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