Palladium Investing News » Pan African Increases 15.8% Resource at Phoenix

Pan African Increases 15.8% Resource at Phoenix

May 21, 2010 @ 9:32 pm In Palladium Company News

Pan African Mining Corp ^[1]. (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."

Click here to. access the entire news ^[2]

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URLs in this post:

[1] Pan African Mining Corp: http://www.panafrican.com/

[2] Click here to. access the entire news: http://www.miningweekly.com/article/pan-african-hikes-resource-158-at-phoenix-2010-05-20