Stocks in play: M2 Cobalt Corp.
Announced that results from rock and soil sampling and high-resolution ground magnetics have confirmed the discovery of a large scale nickel-cobalt-copper anomaly at Bombo, one of the Company's principal exploration targets at its Bujagali Licenses in South-Central Uganda. Soil samples which form the anomaly comprise: ninety-one samples with more than 101 parts per million nickel including 13 samples with between 0.1 per cent nickel and 0.16% Ni; 86 samples with more than 100 ppm cobalt including eight samples with between 206 and 416 ppm cobalt; and, elevated platinum, palladium and chromium in soils coincidental with the nickel anomaly. M2 Cobalt Corp. shares V.MC are trading unchanged at $0.50.