We told you earlier how palladium has been the #1 best performing asset of the last twelve months with a gain of 63.1%. After palladium, the #2 best performing commodity has been nickel, which is up by 32.22% over the last twelve months and up by 53.43% year-to-date in 2019. Demand for palladium is exploding due to China implementing strict new emissions standards. In addition, numerous articles have been published in recent months about how Tesla and other EV manufacturers are worried about a nickel supply crisis.
Group Ten Metals (TSXV: PGE)'s Stillwater West is the only United States mining project that is rich in both nickel and palladium the world's two best performing commodities of 2019!
PGE's Stillwater West is 25km long and more than 2km wide. PGE acquired Stillwater West during a palladium bear market in mid-2017 around the same time that Sibanye-Stillwater (SBGL) acquired NIA's Stillwater Mining for $2.2 billion. Today, SBGL's Stillwater Mining assets in Montana are worth an estimated $7 BILLION and PGE's Stillwater West is adjacent to and contiguous with it!
In recent weeks, PGE has been drilling at its Chrome Mountain target area with assay results coming soon! A total of 10 holes were drilled at Chrome Mountain in 2007 by the previous owner of those claims. All 10 drill holes intercepted very significant grades of BOTH palladium and nickel! On average, these 10 drill holes contained 163.57 grammeters of palladium equivalent, which would be equal to 193.21 grammeters of gold equivalent! Usually, 25 grammeters or more of gold equivalent are considered economically significant, and values of 100 to 300 grammeters of gold equivalent are considered exceptional!
Because these 10 drill holes were drilled in 2007 (after 2001) and PGE still has all of the drill core, PGE will be able to use them towards building a HUGE palladium/nickel NI 43-101 compliant resource!
Chrome Mountain's drill hole CM2007-08 starting at surface intercepted 209.7m of both 0.26 g/t palladium and 0.14% nickel. Based on current palladium and nickel prices, 0.26 g/t palladium and 0.14% nickel is equal to 0.67 g/t of palladium equivalent. This same intercept also contained 0.20 g/t platinum, 0.07 g/t gold, 0.04% copper, and 0.013% cobalt. All together, this adds up to 0.95 g/t of palladium equivalent over 209.7m for 199.22 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-07 starting at surface intercepted 225.6m of both 0.32 g/t palladium and 0.13% nickel. Based on current palladium and nickel prices, 0.32 g/t palladium and 0.13% nickel is equal to 0.70 g/t of palladium equivalent. This same intercept also contained 0.15 g/t platinum, 0.05 g/t gold, 0.04% copper, and 0.011% cobalt. All together, this adds up to 0.93 g/t of palladium equivalent over 225.6m for 209.81 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-10 starting at surface intercepted 252.4m of both 0.18 g/t palladium and 0.14% nickel. Based on current palladium and nickel prices, 0.18 g/t palladium and 0.14% nickel is equal to 0.59 g/t of palladium equivalent. This same intercept also contained 0.14 g/t platinum, 0.02 g/t gold, 0.02% copper, and 0.013% cobalt. All together, this adds up to 0.88 g/t of palladium equivalent over 252.4m for 222.11 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-05 starting at surface intercepted 238.1m of both 0.22 g/t palladium and 0.12% nickel. Based on current palladium and nickel prices, 0.22 g/t palladium and 0.12% nickel is equal to 0.57 g/t of palladium equivalent. This same intercept also contained 0.14 g/t platinum, 0.04 g/t gold, 0.03% copper, and 0.011% cobalt. All together, this adds up to 0.77 g/t of palladium equivalent over 238.1m for 183.34 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-04 starting at surface intercepted 118m of both 0.56 g/t palladium and 0.12% nickel. Based on current palladium and nickel prices, 0.56 g/t palladium and 0.12% nickel is equal to 0.91 g/t of palladium equivalent. This same intercept also contained 0.36 g/t platinum, 0.09 g/t gold, 0.03% copper, and 0.01% cobalt. All together, this adds up to 1.26 g/t of palladium equivalent over 118m for 148.68 grammeters of palladium equivalent!
Further down Chrome Mountain's drill hole CM2007-04 starting at 151.2m downhole it intercepted 91.4m of both 0.21 g/t palladium and 0.12% nickel. Based on current palladium and nickel prices, 0.21 g/t palladium and 0.12% nickel is equal to 0.56 g/t of palladium equivalent. This same intercept also contained 0.36 g/t platinum, 0.09 g/t gold, 0.03% copper, and 0.01% cobalt. All together, this adds up to 0.78 g/t of palladium equivalent over 91.4m for 71.29 grammeters of palladium equivalent!
The two intercepts of Chrome Mountain's drill hole CM2007-04 contained a total of 219.97 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-01 starting at surface intercepted 145.1m of both 0.21 g/t palladium and 0.07% nickel. Based on current palladium and nickel prices, 0.21 g/t palladium and 0.07% nickel is equal to 0.41 g/t of palladium equivalent. This same intercept also contained 0.24 g/t platinum, 0.01 g/t gold, 0.01% copper, and 0.009% cobalt. All together, this adds up to 0.61 g/t of palladium equivalent over 145.1m for 88.51 grammeters of palladium equivalent!
Further down Chrome Mountain's drill hole CM2007-01 starting at 261.5m downhole it intercepted 186.5m of both 0.04 g/t palladium and 0.12% nickel. Based on current palladium and nickel prices, 0.04 g/t palladium and 0.12% nickel is equal to 0.39 g/t of palladium equivalent. This same intercept also contained 0.04 g/t platinum, 0.01 g/t gold, 0.02% copper, and 0.014% cobalt. All together, this adds up to 0.53 g/t of palladium equivalent over 186.5m for 98.85 grammeters of palladium equivalent!
The two intercepts of Chrome Mountain's drill hole CM2007-01 contained a total of 187.46 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-02 starting at surface intercepted 210.6m of both 0.28 g/t palladium and 0.10% nickel. Based on current palladium and nickel prices, 0.28 g/t palladium and 0.10% nickel is equal to 0.57 g/t of palladium equivalent. This same intercept also contained 0.20 g/t platinum, 0.02 g/t gold, 0.01% copper, and 0.011% cobalt. All together, this adds up to 0.77 g/t of palladium equivalent over 210.6m for 162.16 grammeters of palladium equivalent!
Further down Chrome Mountain's drill hole CM2007-02 starting at 300.8m downhole it intercepted 86.9m of both 0.03 g/t palladium and 0.10% nickel. Based on current palladium and nickel prices, 0.03 g/t palladium and 0.10% nickel is equal to 0.32 g/t of palladium equivalent. This same intercept also contained 0.04 g/t platinum, 0.01 g/t gold, 0.02% copper, and 0.01% cobalt. All together, this adds up to 0.43 g/t of palladium equivalent over 86.9m for 37.37 grammeters of palladium equivalent!
The two intercepts of Chrome Mountain's drill hole CM2007-02 contained a total of 199.53 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-03 starting at surface intercepted 47.5m of both 0.44 g/t palladium and 0.13% nickel. Based on current palladium and nickel prices, 0.44 g/t palladium and 0.13% nickel is equal to 0.82 g/t of palladium equivalent. This same intercept also contained 0.30 g/t platinum, 0.13 g/t gold, 0.05% copper, and 0.01% cobalt. All together, this adds up to 1.20 g/t of palladium equivalent over 47.5m for 57 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-06 starting at surface intercepted 128m of both 0.18 g/t palladium and 0.19% nickel. Based on current palladium and nickel prices, 0.18 g/t palladium and 0.19% nickel is equal to 0.73 g/t of palladium equivalent. This same intercept also contained 0.15 g/t platinum, 0.06 g/t gold, 0.07% copper, and 0.014% cobalt. All together, this adds up to 1.02 g/t of palladium equivalent over 128m for 130.56 grammeters of palladium equivalent!
Chrome Mountain's drill hole CM2007-09 starting at surface intercepted 19.2m of both 0.60 g/t palladium and 0.14% nickel. Based on current palladium and nickel prices, 0.60 g/t palladium and 0.14% nickel is equal to 1.01 g/t of palladium equivalent. This same intercept also contained 0.37 g/t platinum, 0.10 g/t gold, 0.04% copper, and 0.011% cobalt. All together, this adds up to 1.39 g/t of palladium equivalent over 19.2m for 26.69 grammeters of palladium equivalent!
All together, these 10 drill holes contained a total of 1,635.69 grammeters of palladium equivalent, which makes PGE's Stillwater West project the most advanced palladium exploration project in the United States!
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