Magma gains on broad PGE results

SHARES in Magma Metals were given a 46% boost yesterday after the company announced the discovery of a platinum group element mineralisation zone at its Thunder Bay project, with preliminary assays returning one hit of 28.55m at 2.69 grams per tonne platinum, palladium and gold with 0.31% copper and 0.25% nickel.

Magma gains on broad PGE results Magma gains on broad PGE results Magma gains on broad PGE results Magma gains on broad PGE results Magma gains on broad PGE results

The company's shares jumped from 30c to a high of 50c yesterday afternoon on the back of the news from the Canadian project, before cooling to close at 44c.

topics

loader