most likely reason is MZM announcement as you say Bootleg - last...

most likely reason is MZM announcement as you say Bootleg - last spike in GPN share price a few weeks ago also corresponds to the previous announcemnt at the time, by MZM on the Manganese front;

Todays announcement by MZM looks good ..... what is likely market performance of Managanese stocks going forward ? .... is manganese used in steel manufacture ??
How is GPN and MZM linked at Peak Hill apart from close proximity ??


HIGH GRADE MANGANESE RESULTS AT MT PADBURY
• Further high-grade manganese up to 54.9% in rock chips
• A total of six target zones have now returned evidence of
significant manganese mineralisation
• Mineralised corridor extended to over 2.5km in length
• Work is ongoing to explore options for commercial exploitation
to take advantage of high prices and strong demand
Montezuma is pleased to announce further encouraging manganese
results from rock chip sampling of six additional zones of manganese
mineralisation within the Mt Padbury Project (MZM earning 90% from
Independence Group NL) located approximately 30km west of
Montezuma’s Peak Hill gold mine in the Murchison region of Western
Australia.
The follow up sampling was conducted on the back of encouraging
high-grade results returned from results released in January. The new
results bring the number of confirmed targets within the project to six,
with several areas remaining to be assessed.
Sample Zone Mn % Fe % Si % P % Al %
MPRK0007 1 37.2 7.25 8.37 0.062 2.98
MPRK0008 1 33.6 6.57 11.2 0.052 3.19
MPRK0009 1 31.4 14.9 7.34 0.511 1.94
MPRK0010 1 46 4.9 3.53 0.107 2.71
MPRK0011 4 39 8.25 3.77 0.082 4.73
MPRK0012 4 39.5 8.34 3.43 0.1 4.71
MPRK0013 4 30 4.18 17.9 0.037 1.62
MPRK0014 4 25.1 8.92 16.8 0.289 2.37
MPRK0015 4 31.2 10.8 10.1 0.272 2.56
MPRK0016 4 40 11.4 2.84 0.133 2.84
MPRK0017 3 33.3 19.3 2.1 0.277 2.49
MPRK0018 3 42.9 11.8 0.6 0.03 2.8
MPRK0019 5 40.9 13.8 0.81 0.023 2.6
MPRK0020 5 54.9 3.45 0.23 0.021 1.47
MPRK0021 5 42 5.25 4.63 0.179 3.5
MPRK0022 6 35.8 4.57 13.5 0.12 1.2
MPRK0023 6 37.2 7.25 8.37 0.062 2.98
The samples were collected from areas where manganese enrichment could be identified at surface. Work
to date has covered approximately 20% of the tenement area, and further surveys will be conducted going
forward to determine if additional areas of enrichment occur within the Mt Padbury licence.
Regionally, the area has a history of manganese production, with mining occurring from several centres
from the 1940’s through to the late 1960’s.
There has been little activity on manganese in the region since that period, however previous workers
recorded nine exploration targets within the Mt Padbury Project, in addition to the known mineralisation.
MZM is of the view that with the prevailing strong manganese prices and renewed work using modern
exploration techniques, the area has good potential to yield economic mineralisation.
The Company has entered into discussions with several parties to investigate opportunities to
generate maximum value from the manganese mineralisation both within the Mt Padbury Project
and more regionally with a dual strategy of early production supported by good exploration upside.
“The manganese mineralisation at Mt Padbury, in conjunction with strategic partnerships with
holders of other areas of known manganese mineralisation in the region, represents a significant
opportunity to generate early returns and ongoing revenues to underpin our exploration activities
for gold at the Peak Hill Mine and surrounding areas,” said Montezuma Managing Director, Justin
Brown.