Palladium Explorer Advances on Discovery Hole Results

Palladium One Mining Inc. (TSXV:PDM), a palladium explorer, gained ground after announcing that it has drilled 11 “successful” discovery holes

Sean Mason | September 29, 2020 | SmallCapPower

Multiple discovery holes revealed a promising find for shareholders of a palladium explorer Tuesday. Here’s some small stocks making big moves on Tuesday, September 29, 2020 (as of 4 pm EST):

Palladium One Mining Inc. (TSXV:PDM) shares jumped 35% to $0.115 on Tuesday after the palladium explorer announced that 11 “successful” discovery holes were drilled on the Kaukua South extension at its LK Project in Finland, each containing magmatic sulphide mineralization, which the Company claims increases the mineralized strike length from 600 m to 4 km.

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As well, shares of GMP Capital Inc. (TSX:GMP) climbed 18% to $1.96 as the investment firm said it plans to buy back $40 million of its stock to settle a dispute related to its acquisition of wealth manager Richardson GMP.

ATEX Resources Inc. (TSXV:ATX), meanwhile, reported initial resource estimates for two deposits on its Valeriano Copper Gold Project in Chile, with the initial Inferred gold oxide resource estimate totaling 34.4 Mt at 0.528 g/t gold and 2.4 g/t silver for an aggregate of 584,684 gold ounces and 2,653,895 silver ounces. As well, the maiden Inferred copper gold porphyry resource is estimated at 297.3 Mt at 0.59% copper, 0.193 g/t gold and 0.90 g/t silver for total contained metal of 1.77 Mt copper, 1.84 million ounces of gold and 8.62 million silver ounces. ATEX Resources stock moved up 93% to $0.27 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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