Tuesday was a day when the TSX Venture Exchange was uncharacteristically beaten up, far from its usually prosperous self, which made the search for companies making money all the more challenging.
One which defied the downward trend proved to be Vancouver-headquartered Palladium One Mining Inc. (TSX-Venture:PDM) which dazzled investors with the newest results from a mining site in Finland.
The results came out of the first drill hole to test the eastern extension of the greater-than-four-kilometre Kaukua South Induced Polarization chargeability anomaly (LK20-006).
This hole intersected 166.7m @ 1.16 g/t Palladium Equivalent ("Pd_Eq")*, including 63.4m @ 1.88g/t Pd_Eq.
The results confirm that the eastern extension is the result of near surface palladium-rich sulphide (PGE-Cu-Ni) mineralization, which suggests significant additional open-pit style mineralization remains to be delineated in the greater Kaukua area.
PDM shares responded Tuesday noon with a gain of 2.19 cents, or 22.4%, to nearly 12 cents, on 44,000 shares.
