What's Going On With Palladium One?
Palladium One (NKORF) today announced it has expanded the Tyko Sulphide Nickel-Copper project to 24,500 hectares and completed the 3,100-kilometer airborne Electro Magnetic VTEM survey. Shares of the company were trading 3.15% lower to $0.1692 a share on Tuesday.
What Does This Mean For Palladium One?
The Tyko project has grown from 20,100 hectares to more than 24,500 hectares since the Phase II drill program was completed. In addition to the first option agreement with First Class Metals Ltd, for the Pickle Lake property, the Company also has a second option agreement for the Cupa Lake property with a local prospector consists of 250 hectares and is located 8km east of the Smoke Lake Zone.
"Tyko continues to impress and warrants increased levels of expenditure and exploration. Results to date demonstrate robust mineralization spread over at least 18 kilometers, yet the area has seen virtually no government mapping or exploration. We believe that in addition to the high-grade Smoke Lake zone, there are new zones off nickel-copper mineralization yet to be discovered. We are awaiting result from the 3,100-kilometer airborne Electro Magnetic (VTEMmax) survey which will guide further exploration," said Palladium President and CEO Derrick Weyrauch.
Summer exploration field crews are presently conducting reconnaissance mapping, prospecting and soil sampling. The first 1,000 soil samples have been sent for assaying and awaiting results.
Palladium One Mining Inc. explores for and develops mineral resource properties. The company primarily explores for palladium, platinum, gold, copper, cobalt, and nickel.
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Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.
