Announcement Date: 2023-02-06
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. 10.1m at 2.47% Ni, 0.99% Cu, 0.04% Co, 0.14g/t Pd, 0.10g/t Pt, 0.02g/t Au from 164.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: February 6, 2023 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to report the expansion of and additional high-grade drillhole intercepts from the West Pickle Zone massive sulphide discovery on the Tyko Nickel – Copper Project, in Ontario, Canada. President and CEO, Derrick Weyrauch commented, “This latest batch of drill results reinforces the high-grade nature of the West Pickle Zone. Visual results from hole TK22-117, the most easterly hole drilled to date on the West Pickle Zone, intersected massive nickel – copper sulphides (Figure 1 and 4) which has extended the zone to over 600 meters in length, and it remains open for further expansion both to the east and west. The anomalous nickel values over significant widths in hole TK22-076 is significant as they represent the first assays from the many interpreted Feeder Dyke / Chonolith structure on the 30,000-hectare Tyko Project. This mineralization style reinforces our interpretation that these structures potentially host additional nickel – copper discoveries. The 2023 exploration program is focused on ground truthing and drill testing these structures, with the intent of discovering additional wide zones of mineralization, such as the RJ Zone which retuned 85.4 meters of 0.5% Ni and 0.2% Cu (Hole TK16-002). The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 45 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed. The survey was designed to refine the geometry of the interpreted feeder dykes / chonoliths across the Tyko project’s 30-kilometer strike length prior to additional drill testing.”
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