Impact: Mildly Positive
Grid Metals announced positive results from scout drilling at the Parisien Lake Kidd and Parisien Lake Feeder targets at its 100%-owned East Bull Lake (EBL) palladium project near Sudbury, Ontario. Grid reported five holes which have identified new Pd mineralization in both target areas tested. Grid Metals is one of the few quality North American PGM explorers and in our view is an inexpensive call option on a potential PGM discovery.