Stocks of the Hour: GTI Energy, Galileo Mining, Emmerson Resources

Company News

by Abbey Phillipps

GTI Energy (ASX:GTR) has announced that four mud rotary drill rigs are now working at the Company’s ISR uranium projects in Wyoming’s Great Divide Basin. 18 of 22 drill holes encountered uranium mineralisation. Shares are trading 10 per cent higher at 1.1 cents.

Galileo Mining (ASX:GAL) has announced high grade nickel sulphide from its diamond core and RC drilling program in WA. Galileo’s Managing Director Brad Underwood commented; “The nickel results from disseminated sulphides in diamond core show we are drilling a quality mineralised system capable of producing high grades of nickel, copper, and palladium.” Shares are trading 7.4 per cent higher at 95 cents.

Emmerson Resources (ASX:ERM) has announced bonanza gold from an emerging new ore zone at its Tennant Creek project. Emmerson’s Managing Director, Rob Bills commented, “These latest assays indicate a significant expansion of the high-grade gold mineralisation to the north of the historic Golden Forty Mine.” Shares are trading 1.4 per cent higher at 7.5 cents.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?