PGM Ventures Corporation
TSX VENTURE : PPG

PGM Ventures Corporation

September 08, 2005 14:57 ET

PGM Ventures Corporation: Press Release

TORONTO, ONTARIO--(CCNMatthews - Sept. 8, 2005) - PGM Ventures Corporation (TSX VENTURE:PPG) - PGM Ventures Corporation ("PGM") is pleased to announce the following:

A 3,400 metre (20 hole) underground infill drill program is now well underway at the PGM's 100% owned Aguas Tenidas Mine. This program was designed to follow up on previous surface drilling in a section of the mine, where there were insufficient intercepts to define the nature and extent of the mineralisation.

The 20 drill hole program in this section of the mine has now been expanded to 24 holes as a result of the following:

a) The mineralised zones appear to be both thicker and wider than previous estimates, and

b) The recently received assay results, shown below, indicate higher contained metal grades than in previous estimates:



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Section 690460
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Hole # From To Length Cu Pb Zn Ag (g/t) Au (g/t)
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AEM-85 90.4m 128.4m 38.0m 1.74% 1.32% 7.32% 68.3 1.4
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Inc. 104.2m 128.4m 24.2m 2.58% 1.94% 9.35% 83.9 1.6
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AEM-86 81.6m 90.3m 8.7m 1.32% 2.01% 8.78% 75.0 0.9
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And 90.3m 122.3m 32.0m 3.15% 0.06% 0.32% 39.0 0.8
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128.3m 140.9m 12.6m 3.10% 0.18% 0.59% 18.9 0.5
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Section 690540
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Hole # From To Length Cu Pb Zn Ag (g/t) Au (g/t)
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AEM-75 81.7m 105.8m 24.1m 1.36% 3.93% 9.50% 125.6 2.1
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And 107.7m 134.5m 26.8m 2.89% 0.21% 0.69% 54.2 1.0
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AEM-90 97.7m 113.8m 16.1m 2.94% 2.33% 6.57% 136.4 4.3
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Inc. 108.3m 113.8m 5.5m 2.95% 6.59% 17.66% 283.1 4.5
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The drilling program is continuing and additional assay results are expected over the next 2-3 weeks. As previously announced, PGM expects to receive a feasibility study from SRK, its consulting engineers, by month end.

Mike Newbury, P.Eng., is the Qualified Person who has reviewed the technical information in this news release on behalf of PGM.

PGM is listed on the TSX Venture Exchange and has 68,924,585 shares issued and outstanding.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.

The TSX Venture Exchange does not accept responsibility for the adequacy of accuracy of this release.

Contact Information

  • PGM Ventures Corporation
    Peter Miller
    (416) 815-8666
    or
    PGM Ventures Corporation
    Norm Brewster
    (416) 815-8666