Eastplats Signs Letter of Intent with Sylvania Resources
Thursday September 21, 6:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 21, 2006) - Mr. Ian Rozier, President of Eastern Platinum Limited ("Eastplats") (TSX:ELR - News; AIM:ELR) reports that Eastplats has signed a Letter of Intent ("LOI") with Sylvania Resources Ltd. ("Sylvania") with the objective of entering into a 'Pool and Share' Agreement on their Mareesburg and Everest North projects respectively ("the properties"), that comprise a contiguous platinum group metals ("PGM") deposit on the eastern limb of the Bushveld Igneous Complex near Steelpoort in Mpumalanga Province, South Africa.
The Company and Sylvania are currently reviewing each others data with a view to formalizing the terms and conditions of the Pool and Share Agreement with respect to the management of mining and processing operations and the sharing of all PGM concentrate produced from the properties subject to the agreement.
Contact:
Mr. Ian Rozier, M.Sc., P. Eng.
Eastern Platinum Limited
President & CEO
(604) 685-6851
(604) 685-6493 (FAX)
info@eastplats.com
www.eastplats.com
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Source: Eastern Platinum Limited
