Pacific North West Capital Corporation-PFN on Alberta Message Board

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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta

PFN 7.330

-0.8%

Dec 12 4:00 PM EST

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To: Ptaskmaster who wrote (1510)	5/5/2000 3:12:00 PM
From: russet	of 2255

<<I'm apparently missing some important mineralogical point here, but can someone enlighten me as to why PFN news releases persist in labeling gold (Au) as a Platinum Group Metal (PGM)? The statement is clear, "PGM (Pt + Pd + Au + Rh)" and so used throughout their news releases.>> To add to the comments the others made, this question was asked at a convention I attended recently. The answer appears to be mainly because of tradition. South African mining companies were pioneers in PGM exploration and mining development. It was common to include gold in all assays of PGM's in South Africa, perhaps because of the presence of appreciable amounts of gold in the reef deposits there. Everyone has adopted the custom, even though gold content in other deposits is far less. It certainly serves to inflate values per tonne of ore, but recoveries become the more important consideration. Edit: I just remembered that the SAf assays were many times called Precious Metal Group assays,...PMG's. Perhaps the industry is confused as well (gggggggggg).

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