PGM Share Price History
01 Jun, 2020
Eastern Zinc Corp. ("Eastern Zinc" or the “Company”) (CSE:EZNC | OTC:ETZCF) is pleased to announce that it has entered into a definitive purchase agreement with Platina Resources Limited (“Platina”) (ASX:PGM), dated June 1, 2020, for the acquisition of a 100% undivided ownership interest in the Skaergaard precious metals project (the “Skaergaard Project” or the “Project”) located on the East Coast of Greenland. The Skaergaard Project is comprised of two exploration licences and contains a significant historical resource estimate of gold and platinum group metals (PGMs) dominated by palladium, importantly, outside of the major PGM producing areas of South Africa and Russia. The Project is located in the Kangerlussuaq region of eastern Greenland within the Skaergaard intrusion, which is a layered mafic igneous complex containing stratiform PGMs including palladium (Pd) and platinum (Pt), and gold and iron titanium oxide mineralization associated with base metal sulphides (PGM-bearing reef complex).