Int’l Platinum active in Arizona

Encouraging assays from an Arizona gold property has led International Platinum (TSE) to announce it is exercising its option to earn a 50% interest.

International Platinum, whose partner in the project is New Ventures Development, says it has raised $815,000 through the exercise of warrants for the next stage of development.

Bulk-sample assays by independent, registered laboratories indicate an average of 0.39 oz. gold per ton, the company says. Tested were 36 tons of material recovered from 12 pits dug to a depth of 10 ft. on a grid measuring one tenth of a mile.