PGE On Other Exchanges
Symbol
Exchange
Venture
Frankfurt
OTC US

group ten metals inc (PGE) Snapshot

Open
--
Previous Close
--
Day High
--
Day Low
--
52 Week High
-- - --
52 Week Low
-- - --
Market Cap
--
Average Volume 10 Days
--
EPS TTM
--
Shares Outstanding
--
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GROUP TEN METALS INC (PGE)
\

Related News

No related news articles were found.

group ten metals inc (PGE) Related Businessweek News

No Related Businessweek News Found

group ten metals inc (PGE) Details

Group Ten Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for gold, platinum group metals, gold, nickel, copper, and cobalt. The company holds interest in Yukon properties, Canada, which covers catalyst/CKR, spy, ultra claims, ellen, and outpost, and pacer claims; the Duke Island property, which comprises 31 unpatented claims located south of Ketchikan in the Alexander Platinum Belt of southeast Alaska; and the Black Lake-Drayton project in Ontario, which covers approximately 11,478 contiguous hectares. The company was formerly known as Duncastle Gold Corp. and changed its name to Group Ten Metals Inc. in February 2015. Group Ten Metals Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

group ten metals inc (PGE) Top Compensated Officers

President, CEO & Director
Total Annual Compensation: C$123.0K
Executive Chairman
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$40.5K
Compensation as of Fiscal Year 2018.
group ten metals inc
Group Ten Metals Inc. Announces Results from the Crescent and Cathedral Target Areas

Group Ten Metals Inc. announced results from the Crescent and Cathedral target areas on the east side of the Stillwater West PGE-Ni-Cu Project, adjacent to Sibanye-Stillwater’s high-grade Platinum Group Element (“PGE”) mines in Montana, USA. This is the fifth report results of 2018 exploration programs and on-going data synthesis and modeling work at the Company’s project. Highlights include: Past shallow drilling at the Crescent target area includes 4.3 meters of 2.94 g/t platinum, palladium and gold, plus 0.24% combined nickel and copper in drill hole IM2006-02, starting at 28.3 meters depth. Mineralization in this interval is comparable to the observed grades on Platreef deposits in the Bushveld Complex of South Africa at Anglo American’s Mogalakwena Mine and Ivanhoe’s Platreef Mine, in a similar geological setting; Deeper historic drilling approximately 700 meters east of IM2006-02 includes hole CC2 which intercepted 8.9 meters of 0.39% nickel and 0.12% copper, with no precious metals analysis; A total of ten past drill holes returned additional long mineralized intercepts, with a total of 15 intervals reporting greater than 25 gram-meter (g-m) grade thickness, ranging from 25.6 to 194.7 meters in length at base metal grades that are comparable to, or exceed, those of the Platreef; Historic drilling at the Cathedral target area includes drill hole IC01 which intercepted 6.2 meters of 0.15% nickel and 0.33% copper, with no precious metals analysis; 2018 and historic rock samples returned high-grade results with 12 samples over 2 g/t Total Platinum Equivalent (“TotPtEq”) in the Crescent target area, and 22 at Cathedral. A total of 9 samples returned over 5 g/t platinum, palladium and gold, with base metals ranging up to 0.39% nickel and 0.12% cobalt; Results confirm that the airborne geophysical conductive highs are targeting high-sulphide mineralization at both the Crescent and Cathedral target areas. Further, the scale of the conductive anomalies, at 3.9 kilometers each, is equivalent to the scale of individual Platreef deposits in the Bushveld Complex. As shown ten shallow drill holes define an area approximately 250 meters by 500 meters on the western portion of the target area in which all holes returned significant mineralized intercepts and mineralization remains open in all directions. Nine of those holes returned grade-thickness values of more than 25 gram-meter (g-m) TotPtEq, and five over 100 g-m grade thickness. Grade-thickness values, determined as grade x thickness, of 25 gram-meter or more are considered economically significant, and values of 100 to 300 gram-meter are considered exceptional. Grade-thickness values at the adjacent J-M Reef mines average approximately 34 gram-meter palladium and platinum. Hole IM2006-02 returned 166 g-m grade-thickness TotPtEq including 4.3 meters of 2.94 g/t 3E (Pt + Pd + Au) plus 0.24% Ni+Cu starting at just 28.3 meters depth, demonstrating grade that is directly comparable to that of the Platreef over potentially minable widths. Hole IM2006-02 also returned a number of other mineralized intercepts including 1.0 meter at 11 g/t 3E and 4.7 meters of 0.68 g/t 3E plus 0.63% Ni+Cu. Located approximately 700 meters to the east of IM2006-02, hole CC2 confirms mineralization laterally along the layered magmatic system, while also providing a deeper test to the Basal Series. Drilled by Anaconda in 1990, CC2 reached 569 meters deep and returned multiple mineralized intervals including 1.2 meters grading 0.13% Ni and 4.08% Cu, and 8.9 meters grading 0.39% Ni and 0.12% Cu, starting at 532 meters down hole. Precious metals were not analyzed in this historic drill hole but would be expected to occur with these base metal sulphides. Reconnaissance rock sampling and geological mapping results from 2018 and previous campaigns confirm the grade potential of the Crescent target area with 12 rock samples reporting greater than 2 g/t TotPtEq, ranging up to 10.54 g/t TotPtEq. In addition, high-grade palladium results in rock samples include up to 5.74 g/t and 7.64 g/t Pd with strong base metal results of up to 0.377% and 0.391% Ni, and 0.12% Co. As shown historic drilling on a small block of adjacent claims held by Sibanye-Stillwater led to the development of a historic resource of approximately 260,000 ounces grading 2.39 g/t platinum and palladium, along trend of the same conductive magmatic target. While not on Group Ten’s claim block, these results demonstrate the potential in that target area to host significant PGE mineralization at grades comparable to Platreef deposits and confirm that the observed electro-magnetic conductive anomalies are targeting nickel-copper sulphide mineralization. Cathedral Target Area: Cathedral is the least explored target areas at Stillwater West, however existing data reports high-grade PGE results in geological mapping which correlates with the conductive geophysical high noted above. Results from the only drill hole with surviving data report significant base metal grade and width with 6.2 meters of 0.15% Ni plus 0.33% Cu in IC-01, confirming that the conductive highs are targeting significant nickel and copper sulphide mineralization. Precious metals were not analyzed in this historic drill hole but would be expected to occur with these base metal sulphides. Reconnaissance surface sampling to date, presented returned 22 samples with over 2 g/t TotPtEq with seven results over 5 g/t platinum, palladium and gold. Strong rhodium values are also noted, with five samples returning more than 0.56 g/t Rh. Rhodium values have not been included in the calculation of metal equivalents. Next Steps: Follow up target definition work is planned for both the Crescent and Cathedral target areas to develop and allow prioritization of future targets for testing. Planning is currently underway for the next phase of drill testing at the advanced target areas at Stillwater West project including Iron Mountain and Chrome Mountain with the objective of offsetting higher-grade mineralized intercepts that show the potential to be rapidly advanced to a resource delineation stage. Additional synthesis and modelling work is underway on less advanced areas at Stillwater West to develop and refine targets for drill testing. News flow will be on-going to report on this effort in addition to announcing exploration plans.

Group Ten Metals Inc. Announces Results from the Iron Mountain Target Area on the East Side of the Stillwater West PGE-Ni-Cu Project, Adjacent to Sibanye-Stillwater’s High-Grade Platinum Group Element Mines in Montana, USA

Group Ten Metals Inc. announced results from the Iron Mountain target area on the east side of the Stillwater West PGE-Ni-Cu Project, adjacent to Sibanye-Stillwater’s high-grade Platinum Group Element (“PGE”) mines in Montana, USA. Past shallow drilling at the HGR target includes 8.0 meters of 3.65 g/t platinum, palladium and gold, plus 0.16% combined nickel and copper and 0.013% cobalt for 4.46 g/t total platinum equivalent (“TotPtEq”) or 1.08% total nickel equivalent (“TotNiEq”), starting at surface. Mineralization in this interval is directly comparable to the observed grades on Platreef deposits in the Bushveld Complex of South Africa at Anglo American’s Mogalakwena Mine and Ivanhoe’s Platreef Mine, in a similar geological setting; Deeper drilling in the 1970s at the HGR target returned long intervals of nickel-copper sulphide mineralization - which were not sampled at the time for other metals including PGEs - intercepting 259.1 meters grading 0.25% Ni and 0.20% Cu (0.35% TotNiEq or 1.44 g/t TotPtEq), starting at 15.2 meters depth and ending in mineralization, including 26.8 meters at 0.98% Ni and 0.45% Cu(1.21% TotNiEq or 4.96 g/t TotPtEq) in Hole 355-64; Re-sampling of core from 1970s drill holes at the HGR target reports palladium values from intercepts of significant nickel-copper sulphide mineralization ranging up to 2.7 g/t in Hole 355-64. Additional drilling is required to better define the content of PGEs and other target commodities at the HGR target; 2018 and historic rock samples returned high-grade results with 17 samples over 2 g/t PGE plus gold, ranging up to 95.8 g/t platinum, palladium, and rhodium (27.8 g/t Pt, 62.2 g/t Pd, 5.78 g/t Rh) at the HGR target. Past drilling at the HGR target defines an approximately 750 meter by 400 meter area within a larger area defined by coincident geophysical (conductive high) and geochemical soil anomalies that appears to connect with similar anomalies at the Iron Mountain Central target about one kilometer to the west. The HGR target is open for expansion in all directions, including to the east in the direction of an adjacent kilometer-scale geophysical conductive high anomaly that remains untested, and to the west along the layered stratigraphy of the Stillwater Complex towards the Iron Mountain Central target; and Results confirm that the geophysical conductive highs are targeting high-sulphide mineralization, and that the scale of the conductive anomalies is comparable to deposits at Platreef. The Iron Mountain target area is a priority for follow-up work in 2019 based on the potential to rapidly expand known mineralized zones.

Group Ten Metals Signs Letter of Intent with Mount Cairnes Resources Corp. for Partnership on the Ultra PGE-Ni Property in Canada’S Yukon Territory

Group Ten Metals Inc. announced that it has signed a Letter of Intent “LOI) with Mount Cairnes Resources Corp. (“Mount Cairnes”) for an earn-in by Mount Cairnes of a 51% interest in Group Ten’s 93 square-kilometer Ultra PGE-Ni-Cu property in Canada’s Yukon Territory by completion of the following requirements over a four-year period: Cash payments totaling $750,000 to Group Ten; issuance of three million shares to Group Ten; and completion of $3.75 million in exploration work on the Ultra property, with Group Ten as operator. Group Ten and Mount Cairnes have 90 days from the signing date of the LOI to complete and execute a definitive agreement, which will be subject to the approval of the TSX Venture Exchange and Group Ten’s Board of Directors. The 93-square-kilometer Ultra PGE-Ni-Cu property is part of Group Ten’s Kluane Project and is located in the Kluane PGE-Ni-Cu belt that extends through the Yukon from northern British Columbia to central Alaska. Group Ten’s Kluane Project properties are each within 15 km of the Alaska Highway and situated on trend with the Nickel Shaw (formerly Wellgreen) deposit, one of the undeveloped PGE-Ni-Cu projects. Among other results, trenches from the Ultra Project yielded up to 19.5 g/t 3E (5.5 g/t Pt, 13.5 g/t Pd, 0.5 g/t Au), with 4.1% Cu and 1.7% Ni from an ultramafic sill1. Group Ten owns a 100% interest in the Ultra PGE-Ni-Cu property, subject to a royalty interest with buy-down provision on portions of the claim block.

 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

PGE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PGE.
View Industry Companies
 

Industry Analysis

PGE

Industry Average

Valuation PGE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 6.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact GROUP TEN METALS INC, please visit www.grouptenmetals.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.