|
Newsfile Corp Highlights - Additional West Pickle Zone assay results include:
- 7.2% Ni, 2.0% Cu, 0.10% Co, 0.56 g/t Total Precious Metals ("TPM") (Pt+Pd+Au) over 2.6 meters of massive sulphides in hole TK-22-073
- Including 10.3% Ni, 2.9% Cu, 0.15% Co, 0.80 g/t TPM over 1.8 meters
- 2.0% Ni, 0.9% Cu, 0.04% Co, 0.36 g/t Total Precious Metals ("TPM") (Pt+Pd+Au) over 4.1 meters of massive and semi-massive sulphides in hole TK-22-072
- Including 5.3 Ni%, 1.5% Cu, 0.12% Co, 0.67 g/t TPM over 1.5 meters
- RJ Zone, 2.7 kilometres east of West Pickle, previously retuned 85.4 meters of mineralization:
- 0.5% Ni and 0.2% Cu over 85.4 meters in hole TK-16-002(see press release June 8, 2016)
- Including 1.0% Ni and 0.2% Cu over 16.2 meters
- A key objective of the 2023 exploration program is to connect the West Pickle and RJ Zones (Figure 3)
- The Tyko Project currently hosts five known nickel sulphide zones along a 20-kilometer trend and several yet to be tested Versatile Time Domain Electromagnetic ("VTEM") anomalies
Toronto, Ontario--(Newsfile Corp. - January 12, 2023) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to report additional high-grade drillhole intercepts for the Tyko Property, from the West Pickle massive sulphide discovery in Ontario, Canada. President and CEO Derrick Weyrauch commented, "This latest batch of drill results, with individual assays up to 11.9% nickel, continue to reinforce the high-grade nature of the West Pickle Zone within the larger regional opportunity provided by the project. Similar to the Smoke Lake Zone, West Pickle is revealing massive sulphides that have been likely remobilized from a much larger source, which we hope to discover in 2023. Our 2023 exploration plan at Tyko also includes step-out drilling from known mineralization, and regional exploration to refine drill targets along 10's of kilometers of interpreted feeder dykes / chonoliths (Figure 2 & 3) that could have fed the large Bulldozer mafic-ultramafic complex. Cash and cash equivalents of approximately C$11.3 million (unaudited) were on hand as at December 31, 2022. The 2022 Drill program on Tyko consisted of 70 holes totaling 13,038 meters, of which 49 holes are pending assay results. The 2023 field season is currently being planned and a high-resolution magnetic survey is scheduled in Q1. This survey has been designed to refine the geometry of the interpreted feeder dykes / chonoliths across Tyko's 30-kilometer strike length prior to additional drill testing." To date a total of 32 holes, totalling 6,766 meters have been drilled in the vicinity of the West Pickle Discovery. At present, West Pickle mineralization has been defined over more than 500 meters of strike length (Figure 3 and 4). |