minesite sees gir undervalued by market, page-3

Good news just out for spin off.
"Sydney - Tuesday - September 9: (RWE Aust Business News) - PacMag Metals (PMH) has new germanium and molybdenum assay results from the Church deposit that occurs within the company's lease in North Dakota, USA.

The central lease represents only a small portion (approximately 20pc) of the current prospective tenure within the Sentinel project, and further exploration is likely to expand significantly this initial discovery.

Mineralised intervals intersected in drilling are currently being assayed to obtain accurate uranium results as well as to obtain molybdenum and germanium results.

The weighted average grade for all 12 holes is 106ppm germanium, and 0.138pc molybdenum with uranium previously reported at 0.105pc.

Germanium is known as one of the electronic metals, a high value speciality element used in the manufacture of solar panels, fibre optics, plastics, infrared sensors and high speed electronics.

Whilst the company will continue to focus on pre-feasibility studies and assessing regional targets near its large Ann Mason porphyry copper-molybdenum deposit, located in Nevada, the new Sentinel project provides a near-term development play, which can easily be tested by shallow drilling.

The company is considering fast tracking evaluation of the Sentinel Project and is currently scoping environmental study and permit requirements."