Pan African Increases 15.8% Resource at Phoenix
Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold.
CEO Jan Nelson is quoted saying:
“The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 years, based on a production rate of 15 000 oz PGM 4Es per annum.”
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Fri, May 21, 2010
Post by Mike Rodger, Palladium Reporter