Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

Year Company Activities
2008 Coronation Minerals • Thirteen diamond drillholes totalling 4,654 m
• 854 line kilometres of helicopter-borne
aeromagnetic survey
• NI 43-101 report completed by WGM (see Section
17.0)
• Dropped option, returned the Property to Northern
Platinum
2009 Northern Platinum • Ten diamond drillholes totalling 2,058 m
2010 Northern Platinum • Six diamond drillholes totalling 2,138 m
2010 Prophecy Resources • Acquires Northern Platinum
• Completed one diamond drillhole totalling 117 m
2011 Prophecy Platinum • New company created through the sale of
Prophecy Resources nickel assets to Pacific
Coast
• Completed six diamond drillholes totalling 1,925 m
Historical estimates within the table above are considered relevant but not reliable. A
QP has not done sufficient work to classify the historical estimate as a current
mineral resource. Prophecy Platinum is not treating the historical estimates as
current resources and the historical estimates should not be relied upon.
Results of the Prophecy Platinum drilling are reported in Section 10.0.
6.1 C ORONATION M INERALS D RILLING
The holes drilled on the Property by Coronation Minerals were for the purpose of
validating the historical drilling done by the Kluane JV in 1986 and 1987.
All of the surface drilling was HQ, and were reduced to NQ as the depth increased.
The underground drilling was all BTW. A total of 11 holes were completed in 2006
for a total of 2,016 m.
In 2007, three underground holes were completed totalling 577 m. Two of the holes
were designed to “twin” historical holes.
In 2008, 13 additional holes were drilled by Coronation Minerals.
Prophecy Platinum Corp. 6-4 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada