Palladium is up by $46 today to $2,393.50 per oz and NIA is excited to announce Plato Gold (TSXV: PGC) as its new #1 favorite palladium stock suggestion.
PGC is currently trading for only $0.03 per share with 204.45 million shares outstanding for a market cap of CAD$6.13 million.
On January 28th, PGC acquired control of the Pic River Palladium Project, located in the Coldwell Complex directly adjacent to the Marathon Palladium Project, which is 51% owned by Generation Mining (CSE: GENM). The Marathon Palladium Project has a current measured & indicated resource of 8.668 million oz of palladium equivalent plus an additional inferred resource of 915,000 oz of palladium equivalent for a total resource of 9.583 million oz of palladium equivalent.
The Coldwell Complex is the largest alkaline intrusion in North America with a diameter of 25 km. The Eastern Gabbro forms the north and eastern outer rim of the Coldwell Complex and is part of a very large magmatic system containing palladium and copper occurrences along its entire length including GENM's Sally, Willie, Skipper, Four Dams, and Marathon Deposit.
The Eastern Gabbro extends through PGC's Pic River Palladium Project!
GENM's most recent drilling at the Marathon Palladium Project has been focused on the Sally Deposit area at the northern margin of the Eastern Gabbro. On December 17, 2019, GENM announced that its drillhole SL-19-78 at the Sally Deposit intercepted 2.41 g/t palladium equivalent over an estimated true width of 10m.
PGC's Pic River Palladium Project is directly adjacent and on strike to GENM's Sally Deposit!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from PGC of USD$15,000 cash for a one-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.