Gemdale Gold Hits 60.85m at 0.80 g/t Au in Finland, Phase 2 Drilling Underway
GDGIF is trading near its 52-week low of $1.1 (2.3% above the low) on elevated volume (2.0× avg).
Summary
Gemdale Gold reported final Phase 1 drill results from its Pontio Gold Project in Finland, including 60.85m at 0.80 g/t Au and 47.16m at 0.82 g/t Au. The company says S1 Sector results exceeded expectations, with grades and widths materially better than anticipated. Phase 2 drilling is already underway with five holes completed, and a maiden resource estimate is targeted for early 2027. Metallurgical testwork results are expected later in Q4. The stock trades near its 52-week low, so positive exploration news could provide a catalyst.
At the time of this announcement, GDGIF was trading at $1.13 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $24.1M. The 52-week trading range was $1.10 to $1.65. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.