| Announcement Date: | 2022-02-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Palladium One Mining Inc. |
| Project name: | Lantinen Koillismaa |
| Location: | Finland |
| Commodities: | Gold,Palladium,Platinum,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 49.3m @ 1.48g/t Pd, 0.52g/t Pt, 0.11g/t Au, 0.16% Cu, 0.11% Ni, 70ppm Co from 54.8m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | February 7, 2021 – Toronto, Ontario. Final assay results for Kaukua South are have been received, with intersection up to 4.4 g/t Pd_Eq over 7.5 meters, within 2.6 g/t Pd_Eq over 49.3 meters, in hole LK21-122 starting at 55 meters down hole (Figure 1), said Palladium One Mining Inc. (“Palladium One” or the “Company”). Derrick Weyrauch, President and CEO commented: “Resource definition drilling on Kaukua South has again produced stellar grades and widths. New mineralized zones continue to be discovered, as demonstrated with reconnaissance drilling on the Far East IP anomaly which returned Kaukua-style PGE-Cu-Ni mineralization having typical resource grades and widths. It is apparent that the Far East is the highest priority area for resource expansion in the greater Kaukua area, which hosts an approximately 6-kilometer long mineralized strike length.” All assay for the greater Kaukua area, with the exception of three holes in the satellite Murtolampi Zone, have now been received (Figure 1, 2, 3). Resource modelling can now begin for the updated Kaukua mineral resource estimate, expected in Q1 2022. The Far East IP anomaly (Figure 3) was tested with two drill holes which retuned up to 1.5 g/t Pd_Eq over 18.2 Meters in hole LK21-031 in the Lower Zone. Both holes also intersected the Upper Zone, confirming the same stratigraphy found in Kaukua South. The Upper Zone was also well mineralized |
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