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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: NKL
Latest Price: 2.10  (1.94% Ascending)
52-week High: 5.71
52-week Low: 0.60
Market Cap: 116.45M
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Prophecy Platinum
www.prophecyplat.com

Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) is a mineral exploration company focused on developing platinum group metals (PGM) and nickel sulphide projects.  Defining and driving the company, is its flagship Wellgreen PGM Nickel property in Canada’s Yukon Territory.    Prophecy’s further holdings include the Lynn Lake Nickel Copper project in Manitoba, the Las Aguilas Nickel PGM deposit in Argentina, as well as five prospective claims in Uruguay. In June 2011, Prophecy Platinum was spun off from Prophecy Coal (TSX: PCY).  Prophecy Coal currently owns 22.5 million shares (approx. 42%) of Prophecy Platinum.

Full Prophecy Platinum profile here
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Prophecy Platinum adds to board of directors with new appointee

6th Feb 2012, 1:07 pm by Brad Lemaire
Prophecy Platinum adds to board of directors with new appointee

Prophecy Platinum Corp. (CVE:NKL) said Monday it has appointed mining engineer Mike Sylvestre to its board of directors as the company seeks to advance its Wellgreen property into eventual production.

For most his career, Sylvestre worked with nickel producer Inco Ltd., where he held senior management positions both domestically and abroad.

Most notably, he was the chief executive of Vale Inco, New Caledonia, president Vale Inco, Manitoba operations, and vice president of operations at PT Inco, Indonesia.
Sylvestre holds a bachelor of science as well as a master of science in mining engineering from Queen’s University and McGill University, respectively. He brings more than 35 years of mining experience.

In addition, he is also a member of the Professional Engineers of Ontario and the Canadian Institute of Mining.
Prophecy’s chairman, John Lee, said Sylvestre’s technical background and mining experience will play a valuable role in advancing the company’s Wellgreen project from mine planning to eventual production.

The Wellgreen property, which the company acquired in September 2010 after its merger with Northern Platinum, rests south-west in the Yukon Territory and is about 35 kilometres northwest of the airstrip at Burwash Landing.

Earlier last month, the company announced that it would initiate underground drilling at its Wellgreen Platinum group metals (PGM) nickel copper project.

The miner plans to drill about 9,000 metres to target infill areas of its existing resource, as well as the potential expansion of the resource to the south, where a pit area is being designed for the company’s preliminary economic assessment due to finish by the first quarter of 2012.

The company has received drill permits and has mobilized a crew to the site to prepare drill stations. Drilling is expected to continue year-round, covering the one-kilometre strike of the Wellgreen East Zone.

In addition, the results from the underground drilling will potentially upgrade its inferred resource to the measured and indicated categories.

In July 2011, the company reported 289 million tonnes grading 0.38 percent nickel, 0.35 percent copper, and 1.18 grams per tonne (g/t) PGM plus gold in the inferred category, and 14 million tonnes grading of 0.69 percent nickel, 0.62 percent copper and 2.25 g/t PGM plus gold in the indicated category.

The company is a Canadian nickel and Platinum group metals exploration explorer with projects in Canada, Argentina and Uruguay. In Canada, it holds the Lynn Lake project in Manitoba, as well as Wellgreen.

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