| Announcement Date: | 2022-07-20 |
|---|---|
| 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. 15.1m @ 0.29g/t Pd, 0.15g/t Pt, 0.13g/t Au, 0.23% Cu, 0.23% Ni, 76ppm Co from 219.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | July 20, 2022 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to provide an update on the Läntinen Koillismaa (“LK”) PGE-Cu-Ni project, located in Finland, which recently published a National Instrument 43-101 compliant Mineral Resource Estimate, summarized below (see press release Assaying of historic of drill core, from the Haukiaho Trend, has retuned 1.78 g/t Pd_Eq (“Palladium Equivalent”) over 15.1 meters including 2.52 g/t Pd_Eq over 5.0 meters from previously un-assayed drill core (Hole M345364R612). President and CEO, Derrick Weyrauch commented “Although equity markets are weak, the Company continues to maintain significant liquidity and flexibility with $11.25 million of cash on hand as at June 30, 2022. Exploration at the LK project continues to provide additional targets for more resource growth. Recently, we have completed 321 kilometers of drone Mag and 8.5 kilometers of reconnaissance IP over the Lota Zone. Lota is interpreted to be a flat lying extension of the Haukiaho Trend, which has very favourable geometry for the discovery of additional open pit style mineralization. Additionally, select resampling of historic drill core, has shown significant potential for PGE |
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