Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Palladium One Mining Inc.
Project name: Tyko
Location: Canada
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 3.0m @ 2.46% Ni, 1.01% Cu, 0.04% Co, 0.61g/t Pd, 0.34g/t Pt, 0.26g/t Au from 107.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: November 30, 2021 – Toronto, Ontario – Results from the summer soil sampling and diamond drill program on the Tyko Copper-Nickel Project have been received, said Palladium One Mining (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today. Derrick Weyrauch, President and CEO “We have four new multi-line EM anomalies with coincident copper, nickel and cobalt soil anomalies. This supports our belief that there is much more mineralization to be discovered on the wider Tyko project. Of particular interest is the large 800-meter Bulldozer South anomaly which has returned the highest copper and cobalt in soils from the Tyko project to date, and suggest the potential for a substantial discovery. Smoke Lake continues to advance with the strike of the known mineralization growing to 430 meters. Disseminated mineralization remains open along strike to both the northwest and southeast. An Induced Polarization geophysical survey is planned for this winter to continue to chase this mineralization.” The summer field program consisted of Reconnaissance mapping prospecting, and trenching including detailed soil sampling over all four multi-line VTEMmax anomalies which has returned copper, nickel and cobalt values comparable to those which resulted in the discovery of the Smoke Lake nickel-copper zone (Table 1).
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