GT Resources Inc V.GT

Alternate Symbol(s): CGTRF

Metals & Mining Industrial Metals & Minerals

GT Resources Inc., formerly Palladium One Mining Inc., is a Canada-based mineral exploration and development company. The Company is focused on discovering critical green transportation metals. It targets district scale, nickel-copper sulfide and platinum-group-element (PGE) deposits in Canada and Finland. The Company’s Canada projects include Tyko, Ontario; Disreali, Ontario; Canalask, Yukon; Hemlo East, Ontario; Big Lake, Ontario; North Rock, Ontario; and Black Bear, Ontario. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources. The project is located in north-central Finland, approximately 40 kilometers (km) north of the Company’s exploration office in the town of Taivalkoski. The property is 160 km (by road) east-southeast of Rovaniemi and 190 km northeast of the port city of Oulu. The Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively.

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Post by knoxton Oct 19, 2021 8:32am

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Post# 34021395

news

Palladium One Down Plunge Drilling Extends Broad Mineralized Zone at Kaukua South, Finland

19 Oct 202107:01 ET

Newsfile Corp

Highlights

The deepest drill hole to date demonstrates continuity of high grades and significant widths at Kaukua South
3.4 g/t Palladium Equivalent over 6.0 meters, within 1.9 g/t Palladium Equivalent over 60.3 meters, in hole LK21-091
3.4 g/t Palladium Equivalent over 10.0 meters, within 1.7 g/t Palladium Equivalent over 62.9 meters, in hole LK21-098

Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or the "Company") is pleased to announce that the deepest down plunge drill hole to date on the Kaukua South Zone, hole LK21-098, intersected 3.4 g/t Palladium Equivalent ("Pd_Eq") over 10.0 meters, within 1.7 g/t Pd_Eq over 62.9 meters, starting at 308 meters down hole (Figure 1, 2, and 3).

These drilling results extend the Kaukua South zone beyond 300 meters vertical depth and confirm that the high-grade core zones identified at surface extend to depth (Figure 1, and 3).

Derrick Weyrauch, President and CEO of Palladium One, commented: "Multiple, broad, high-grade conduits of mineralization exist within Kaukua South and extend to depth. We have extended the Kaukua South Zone from a depth of approximately 200 meters to beyond 300 meters, where it remains open for additional expansion."

Initially drilling of Kaukua South was restricted to 200 meters in depth, but with the discovery of an Upper Zone of mineralization that could favourably reduce the strip ratio, the Company refocused its drill program to expand the core zone of both the existing Kaukua deposit and Kaukua South to a 300-meter depth. The batch of holes released herein confirms that not only does Kaukua South Zone extend to depth, but also proves continuity of wider and higher grade core zones.

Figure 1. Kaukua South Long Section. Having a drill data cut off date of September 4, 2021 (hole LK21-128), assays have been received for holes up to LK21-098, the rest are pending. The long section covers only the western portion of Kaukua South which the Company is focused on bringing to an initial NI43-101 resource estimate. The long section is a vertical slice representing only the ~55° south dipping Lower Zone of Kaukua South. Intercepts are represented in both width (meters) and grade (Pd_Eq*) as well as gram*meters (grade*width).

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/6502/100105_d379f722e43a99ee_001full.jpg

Figure 2. Historic and current drilling in the Kaukua and Western portion of the Kaukau South area having a drill data cut off date of September 4, 2021 (hole LK21-128), assays have been received for holes up to LK21-098, the rest are pending. Background is Induced Polarization ("IP") Chargeability.

To view an enhanced version of Figure 2, please visit:

https://orders.newsfilecorp.com/files/6502/100105_d379f722e43a99ee_002full.jpg

Figure 3. Cross sections A and B showing on Figure 2 Long section, and new results for holes LK21-091 and 098.

To view an enhanced version of Figure 3, please visit:

https://orders.newsfilecorp.com/files/6502/100105_d379f722e43a99ee_003full.jpg

Table 1. LK Project Kaukua South Drill Hole Results

Hole	From (m)	To (m)	Width (m)	Pd_Eq g/t*	PGE (Pt+Pd+Au)	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %	Co g/t
LK21-089 Upper Zone	26.9	51.0	24.1	0.56	0.13	0.08	0.02	0.04	0.07	0.08	64
Lower Zone	125.5	164.0	38.5	0.91	0.55	0.36	0.15	0.04	0.08	0.07	56
Inc.	129.7	138.8	9.2	1.34	0.75	0.46	0.23	0.07	0.13	0.12	80
And	152.5	154.0	1.5	2.07	1.51	1.04	0.37	0.11	0.17	0.11	61
LK21-090 Upper Zone	23.3	52.5	29.2	0.52	0.13	0.08	0.01	0.04	0.07	0.07	56
Inc.	30.5	33.0	2.6	0.83	0.29	0.20	0.03	0.06	0.05	0.13	77
Lower Zone	130.3	154.8	24.5	0.68	0.38	0.23	0.12	0.03	0.06	0.07	56
Inc.	147.0	154.8	7.8	1.14	0.74	0.45	0.24	0.05	0.09	0.09	66
LK21-091 Upper Zone	158.8	222.0	63.2	0.58	0.14	0.08	0.02	0.04	0.07	0.09	68
Inc	158.8	173.0	14.2	1.05	0.30	0.17	0.05	0.08	0.13	0.15	100
Inc	159.6	160.6	1.0	2.88	1.29	0.73	0.30	0.26	0.34	0.32	164
Lower Zone	266.7	327.0	60.3	1.92	1.15	0.78	0.28	0.10	0.18	0.16	82
Inc.	266.7	317.5	50.8	2.07	1.25	0.84	0.30	0.11	0.19	0.17	87
Inc.	299.0	317.5	18.5	2.48	1.65	1.13	0.40	0.11	0.21	0.18	78
Inc.	299.0	305.0	6.0	3.40	2.25	1.52	0.56	0.17	0.33	0.23	98
LK21-092 Upper Zone	84.0	166.0	82.0	0.58	0.13	0.07	0.02	0.04	0.07	0.09	75
Inc.	100.5	105.1	4.6	1.31	0.41	0.27	0.06	0.08	0.14	0.19	126
Lower	201.4	256.5	55.0	0.97	0.57	0.37	0.15	0.05	0.09	0.08	54
Inc.	201.4	214.8	13.4	1.50	0.71	0.45	0.18	0.08	0.18	0.16	82
LK21-093 Upper Zone	75.8	137.0	61.3	0.62	0.16	0.10	0.02	0.04	0.08	0.09	74
Inc.	106.5	112.0	5.5	1.01	0.34	0.26	0.02	0.05	0.11	0.13	96
Lower Zone	209.9	260.0	50.1	1.09	0.57	0.39	0.13	0.05	0.10	0.11	71
Inc.	209.9	218.8	8.9	1.77	1.01	0.68	0.25	0.09	0.18	0.15	90
LK21-094 Upper Zone	132.0	194.6	62.6	0.56	0.13	0.08	0.02	0.03	0.07	0.08	67
Inc.	132.0	140.2	8.2	1.40	0.38	0.23	0.06	0.09	0.23	0.18	116
Lower	272.5	289.0	16.5	0.95	0.47	0.31	0.12	0.04	0.10	0.10	54
LK21-095 Upper Zone	52.9	81.0	28.2	0.68	0.17	0.10	0.03	0.05	0.09	0.10	74
Inc	54.3	57.5	3.3	1.34	0.42	0.23	0.08	0.12	0.17	0.19	108
Lower Zone	225.0	232.0	7.0	0.76	0.40	0.27	0.10	0.03	0.07	0.08	55
Inc.	227.0	228.4	1.4	1.57	0.97	0.66	0.23	0.08	0.15	0.12	75
LK21-096 Upper Zone	86.0	108.6	22.6	0.90	0.26	0.15	0.05	0.06	0.09	0.13	94
Inc.	86.0	91.4	5.4	1.55	0.60	0.32	0.15	0.13	0.15	0.21	133
Lower	252.3	271.5	19.3	1.06	0.52	0.36	0.12	0.04	0.13	0.10	56
Inc.	261.0	265.0	4.0	1.79	1.01	0.72	0.23	0.06	0.22	0.15	66
LK21-097 Upper Zone	144.3	163.5	19.3	0.68	0.17	0.10	0.03	0.03	0.07	0.11	86
Inc.	151.9	156.0	4.2	1.12	0.38	0.26	0.09	0.03	0.08	0.17	108
Lower Zone	219.0	288.0	69.0	0.95	0.38	0.24	0.10	0.04	0.08	0.12	94
Inc.	227.5	254.4	26.9	1.21	0.57	0.36	0.14	0.06	0.12	0.13	97
Inc.	237.0	243.1	6.1	2.17	1.04	0.66	0.26	0.12	0.22	0.24	134
LK21-098 Upper Zone	229.0	269.3	40.3	0.77	0.20	0.12	0.03	0.05	0.09	0.12	77
Inc.	258.5	269.3	10.8	1.14	0.31	0.21	0.04	0.06	0.13	0.17	106
Lower Zone	307.6	370.5	62.9	1.70	1.11	0.76	0.27	0.09	0.15	0.12	63
Inc.	307.6	357.9	50.3	1.96	1.30	0.88	0.31	0.10	0.18	0.13	66
Inc.	319.5	338.5	19.0	2.89	1.99	1.37	0.46	0.15	0.25	0.19	83
Inc.	319.5	329.5	10.0	3.36	2.27	1.58	0.53	0.16	0.33	0.21	101
Inc.	319.5	322.5	3.0	3.96	2.78	2.01	0.64	0.12	0.36	0.23	107