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Newsfile Corp KEY HIGHLIGHTS - Four significant, multi-line, Electromagnetic ("EM") anomalies have been identified by a 3,100 line-kilometer Versatile Time Domain Electromagnetic airborne ("VTEMmax") survey conducted during the summer field program.
- Several single line EM anomalies were also identified.
- The first EM anomalies identified in the large mafic-ultramafic Bulldozer Intrusion.
Toronto, Ontario--(Newsfile Corp. - October 28, 2021) - Preliminary results of the recently completed VTEMmax airborne survey have identified four significant multi-line EM anomalies on the Tyko Copper-Nickel Project, said Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or the "Company") today. Derrick Weyrauch, President and CEO: "We now have four new multi-line EM anomalies to test, which supports our belief that there are multiple Smoke Lake-type zones yet to be discovered. Of particular interest are two anomalies in the Bulldozer Intrusion. These are the first EM anomalies identified in this large mafic-ultramafic intrusion and hint at potentially large tonnage targets. We are very pleased with these regional results and are awaiting results from the Smoke Lake zone." The recently completed 100-meter spaced 3,100 line-kilometer VTEMmax survey is the largest and most sensitive EM survey ever flow on the Tyko Project (Figure 1). The survey easily detected the at surface high-grade Smoke Lake zone producing a 600m (7 lines) EM anomaly (Figure 2). In addition, a weak single line EM anomaly successfully detected the RJ zone, this is noteworthy as the RJ zone hosts blebby to locally net textured sulphide and had not been detected by three previous airborne EM surveys. This speaks to the sensitivity of the VTEMmax system and its potential to identify targets that were missed by less sensitive historic EM surveys. Bedrock Conductor Picks
The EM anomalies presented below are bedrock conductors selected by Platform Geoscience Ltd. These represent preliminary interpretations based of the response recorded on each VTEMmax flight line. The difference between strong, moderate and weak conductors is not only a measure of massive vs semi-massive vs net-textured sulphide, but also depth where a weak EM response may simply indicate a deeper stronger conductor, whereas a smaller at surface conductor will have a stronger EM response. The four new multiline EM anomalies are in new areas with no previously known mineralization or drilling, and are described below: West Pickle Lake Anomaly
A 600-meter multi-line anomaly is located 2.5 kilometers west of the RJ zone and may represent an extension of the RJ zone. The RJ zone consists of blebby, locally net-textured magmatic sulphide and has returned up to 1.04 % Ni and 0.23% Cu over 16.2 meters in hole TK16-002 (see news release April 12, 2016). Bulldozer South Anomaly
The composite anomaly consists of two clusters which combined are over 800-meters in length. This anomaly is noteworthy as there is a historic anomalous prospecting sample collected in the vicinity, which returned 0.23% Cu with anomalous nickel (144 ppm) and palladium (18 ppb) in melanogabbro, with 5% finely disseminated pyrite and chalcopyrite (see Ontario Mineral Deposit Index MDI000000001913). This anomaly also correlates with a very strong magnetic portion of the Bulldozer Intrusion suggesting ultramafic rocks may be present at depth. Bulldozer North Anomaly
This 200-meter multi-line anomaly is noteworthy as one line contains a strong EM anomaly which is comparable in intensity to the anomalies detected over the Smoke Lake zone. The Bulldozer North, like Bulldozer South anomalies correlate with a very strongly magnetic portion of the Bulldozer Intrusion, potentially representing ultramafic rocks. The Bulldozer North and South Anomalies represent the first EM anomalies detected within the large mafic-ultramafic Bulldozer Intrusion. The Bulldozer intrusion is host to one historic copper-nickel-cobalt showing, which consists of remobilized disseminated chalcopyrite and pyrite in a shear, suggesting that more widespread copper-nickel-cobalt mineralization may occur within the larger intrusion. Sampling by the Company in 2019 at the historic Bulldozer showing returned 0.91% Cu, 0.05% Ni, and 0.05% Co (see press release January 21, 2020) with historic samples returning up to 3.34% Cu, 0.12% Ni, 0.24% Co, 0.38 g/t Pd, 0.08 g/t Pt (see Ontario Mineral Deposit Index MDI000000001901). Cupa Lake Anomaly
This anomaly consists of a cluster of two multi-line anomalies which when combined cover 400 meters of strike length. These anomalies are present in an area where previous mapping by the Ontario Geological survey has identified metasediments and mafic volcanics representing remnants of greenstone belt material within the Black Pic tonalite batholith, and hence may represent favourable conditions for the perseveration of magmatic copper-nickel sulphide mineralization similar to the Smoke Lake zone, located only 8-kilometers to the west. Summer Smoke Lake Drill Program
The resumed Phase II drill program at Smoke Lake completed an additional 1,973 meters in 9 holes, assay results are pending. The program included an 800-meter deep hole targeting a large inverted magnetic high located below the Smoke Lake zone. This deep hole was drilled for geophysical surveying and was surveyed by Borehole Electromagnetics ("BHEM") to help determine the possible presents of massive sulphide mineralization at depth, results are pending. The Company intends to drill additional holes into the inverted magnetic high where it outcrops east of Smoke Lake. An Induced Polarization ("IP") survey is also planed for the Smoke Lake area to target potential for disseminated Ni-Cu mineralization. Summer Field Program
Mapping, prospecting, soil sampling, and trenching was completed over the Tyko Project, including the four new high priority multi-line EM anomalies. A total of 1,340 soil samples were collected, results are pending. 
Figure 1. Tyko Project, with new airborne magnetic data (total field) showing various new VTEMmax anomalies (new multi-lines EM anomalies are highlighted by dashed black lines) and known Ni-Cu showings (yellow triangles). To view an enhanced version of Figure 1, please visit:
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Figure 2. Zoom in view of the Smoke Lake and four new high priority multi-line VTEMmax EM anomalies. To view an enhanced version of Figure 2, please visit:
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