- The deepest drill gap thus far demonstrates continuity of excessive grades and vital widths at Kaukua South
- 3.4 g/t Palladium Equal over 6.0 meters, inside 1.9 g/t Palladium Equal over 60.3 meters, in gap LK21-091
- 3.4 g/t Palladium Equal over 10.0 meters, inside 1.7 g/t Palladium Equal over 62.9 meters, in gap LK21-098
Toronto, Ontario–(Newsfile Corp. – October 19, 2021) – Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Firm”) is happy to announce that the deepest down plunge drill gap thus far on the Kaukua South Zone, gap LK21-098, intersected 3.4 g/t Palladium Equal (“Pd_Eq”) over 10.0 meters, inside 1.7 g/t Pd_Eq over 62.9 meters, beginning at 308 meters down gap (Determine 1, 2, and three).
These drilling outcomes lengthen the Kaukua South zone past 300 meters vertical depth and ensure that the high-grade core zones recognized at floor lengthen to depth (Determine 1, and three).
Derrick Weyrauch, President and CEO of Palladium One, commented: “A number of, broad, high-grade conduits of mineralization exist inside Kaukua South and lengthen to depth. We have now prolonged the Kaukua South Zone from a depth of roughly 200 meters to past 300 meters, the place it stays open for added enlargement.”
Initially drilling of Kaukua South was restricted to 200 meters in depth, however with the invention of an Higher Zone of mineralization that would favourably scale back the strip ratio, the Firm refocused its drill program to broaden the core zone of each the prevailing Kaukua deposit and Kaukua South to a 300-meter depth. The batch of holes launched herein confirms that not solely does Kaukua South Zone lengthen to depth, but in addition proves continuity of wider and better grade core zones.
Determine 1. Kaukua South Lengthy Part. Having a drill information lower off date of September 4, 2021 (gap LK21-128), assays have been acquired for holes as much as LK21-098, the remainder are pending. The lengthy part covers solely the western portion of Kaukua South which the Firm is targeted on bringing to an preliminary NI43-101 useful resource estimate. The lengthy part is a vertical slice representing solely the ~55° south dipping Decrease Zone of Kaukua South. Intercepts are represented in each width (meters) and grade (Pd_Eq*) in addition to gram*meters (grade*width).
Determine 2. Historic and present drilling within the Kaukua and Western portion of the Kaukau South space having a drill information lower off date of September 4, 2021 (gap LK21-128), assays have been acquired for holes as much as LK21-098, the remainder are pending. Background is Induced Polarization (“IP”) Chargeability.
Determine 3. Cross sections A and B displaying on Determine 2 Lengthy part, and new outcomes for holes LK21-091 and 098.
Desk 1. LK Venture Kaukua South Drill Gap Outcomes
|LK21-089 Higher Zone||26.9||51.0||24.1||0.56||0.13||0.08||0.02||0.04||0.07||0.08||64|
|LK21-090 Higher Zone||23.3||52.5||29.2||0.52||0.13||0.08||0.01||0.04||0.07||0.07||56|
|LK21-091 Higher Zone||158.8||222.0||63.2||0.58||0.14||0.08||0.02||0.04||0.07||0.09||68|
|LK21-092 Higher Zone||84.0||166.0||82.0||0.58||0.13||0.07||0.02||0.04||0.07||0.09||75|
|LK21-093 Higher Zone||75.8||137.0||61.3||0.62||0.16||0.10||0.02||0.04||0.08||0.09||74|
|LK21-094 Higher Zone||132.0||194.6||62.6||0.56||0.13||0.08||0.02||0.03||0.07||0.08||67|
|LK21-095 Higher Zone||52.9||81.0||28.2||0.68||0.17||0.10||0.03||0.05||0.09||0.10||74|
|LK21-096 Higher Zone||86.0||108.6||22.6||0.90||0.26||0.15||0.05||0.06||0.09||0.13||94|
|LK21-097 Higher Zone||144.3||163.5||19.3||0.68||0.17||0.10||0.03||0.03||0.07||0.11||86|
|LK21-098 Higher Zone||229.0||269.3||40.3||0.77||0.20||0.12||0.03||0.05||0.09||0.12||77|
* Pd_Eq calculated utilizing in-situ values and costs from the 2021 NI43-101 Haukiaho Mineral Useful resource Estimate; $1,600/oz Pd, $1,100/oz Pt, $1,650/oz Au, $3.50 Cu, and $7.50 Ni, and $20/lb Co. Restricted historic metallurgical work on the Kaukua deposits signifies remaining recoveries within the vary of 73% Pd, 56% Pt, 78% Au, 91% Cu, and 48% Ni.
The Firm is calculating Palladium equal utilizing US$1,600 per ounce for palladium, US$1,100 per ounce for platinum, US$1,650 per ounce for gold, US$3.50 per pound for copper, US$7.50 per pound for nickel, and $20/b cobalt according to the calculation used within the Firm’s September 2021 NI 43-101 Haukiaho Useful resource Estimate.
Certified Particular person
The technical data on this launch has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Firm and the Certified Particular person as outlined by Nationwide Instrument 43-101
About Palladium One
Palladium One Mining Inc. is an exploration firm concentrating on district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship challenge is the Läntinen Koillismaa or LK Venture, a palladium dominant platinum group element-copper-nickel challenge in north-central Finland, ranked by the Fraser Institute as one of many world’s high international locations for mineral exploration and growth. Exploration at LK is targeted on concentrating on disseminated sulfides alongside 38 kilometers of favorable basal contact and constructing on a longtime NI 43-101 open pit Mineral Useful resource.
ON BEHALF OF THE BOARD
President & CEO, Director
For additional data contact: Derrick Weyrauch, President & CEO
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