fbpx

Breaking News: Palladium One Reports Prospecting Samples of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Ni-Cu-PGE Property, Canada

Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the “Company” or “Palladium One“) is pleased to report prospecting samples with assay results of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Nickel-Copper-PGE Property, located near Marathon, Ontario, Canada.

The Fall 2019 exploration program was designed to extend known mineralized zones and follow up untested airborne Electromagnetic (“EM”) and Magnetic (“Mag”) geophysical anomalies. Three historic showings1 were investigated including, Tyko, Bulldozer and Shabotik, significant grab samples are shown in Table 1.

Table 1. Significant Prospecting Samples from the 2019 Fall Exploration Program

Showing Ni % Cu % Co % Pt g/t Pd g/t Au g/t PGE g/t
(Pt+Pd+Au)
Tyko 1.12 0.66 0.02 0.41 0.52 0.01 0.94
Tyko 0.74 4.09 0.06 1.21 1.19 0.11 2.51
Bulldozer 0.05 0.91 0.05 0.06 0.04 0.01 0.11
Shabotik 0.05 0.72 0.02 0.43 0.42 0.01 0.86

A total of 34 prospecting and 39 soil samples were collected over a two-week reconnaissance program (Figure 1).

These samples include the first samples collected by the Company from the newly staked Shabotik showing (see press release August 19, 2019).

Additional favourable gabbro and pyroxenitic host rocks were identified ~400m to the southwest of the newly acquired Shabotik showing. These rocks contain trace disseminated chalcopyrite and are similar to those which host the Shabotik showing, thus suggesting additional mineralization may occur in this area.

Based on the success achieved, the Company has staked an additional 87 claim units on the Tyko project, which now encompass 479 claim units totalling 10,320 hectares.

Figure 1. Sample Locations

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6502/51672_b926adc8f4ccfa28_001full.jpg

“Our reconnaissance prospecting and soil sampling program tested several parts of the property with EM and Mag anomalies that had not been mapped or prospected. While few bedrock outcrops were observed, gabbro and pyroxenite boulders suggest that favourable host rocks may occur nearby. We look forward to the results of soil samples collected in these, overburden covered areas.” Commented Derrick Weyrauch, President and CEO.

About Tyko Ni-Cu-PGE Project

The Tyko Ni-Cu-PGE project, is located ~65km northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel focused project with the most recent drill hole intercepts returning up to 1.06% Ni over 6.22 m including 4.71% Ni over 0.87m in hole TK-16-010 (see press release dated June 8, 2016).

Note 1: Ontario, Mineral Deposit Index, MDI000000001721, MDI000000001901, MDI42C14NW00002.

Investor Relations Agreement for European Communications

The Company has entered into an Investor Relations Agreement with Star Finance GmbH (“Star Finance“), a Swiss-based company, for European corporate communication services. Star Finance has offices in Steinhausen, Switzerland, and Cologne, Germany.

Star Finance is owned and operated by Michael Adams who is an experienced communications professional with more than 15 years of experience assisting Canadian public companies with introductions to investors, primarily in Germany and German-speaking Europe. Among other services, Star Finance owns and operates two established investment-focused financial websites and provides information about investment opportunities to its audience through e-mail newsletters, websites and various social media channels in the form of written articles as well as video content.

The Investor Relations Agreement provides for the introduction of the Company to Star Finance’s network, audience and subscribers, as well as the distribution of Company news releases through Star Finance’s channels and/or the creation of investment related content.

Star Finance has advised the Company that it does not hold any direct or indirect interest in the Company or its securities, or any right to acquire any such interest. The arrangement with Star Finance is subject to approval by the TSX Venture Exchange (“TSXV“). The arrangement will have a 6-month initial term, and is expected to commence on or about February 1, 2020, at a cost of 6,000 EUR per month, excluding possible prepayment discounts.

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo, Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One:

Palladium One Mining Inc. is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa (“LK”) PGE-Cu-Ni project, located in north-central Finland and the Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada.

The Kaukua deposit of the LK project hosts 635,600 Pd_Eq ounces of Indicated Resources grading 1.80 g/t Pd_Eq* (“palladium equivalent”) contained in 11 million tonnes (@ 0.81g/t Pd, 0.27g/t Pt, 0.09g/t Au, (1.17g/t PGE), 0.15% Cu & 0.09% Ni), and 525,800 Pd_Eq ounces of Inferred Resources grading 1.50 g/t Pd_Eq contained in 11 million tonnes (@ 0.64g/t Pd, 0.20g/t Pt, 0.08g/t Au (0.92g/t PGE), 0.13% Cu, & 0.08% Ni), (see press release September 9, 2019). Kaukua is open for expansion, while the Kaukua South, Murtolampi and Haukiaho mineralized zones require systematic exploration via diamond drilling to follow up mineralized drill intercepts.

*Pd_Eq is calculated using the following metal prices (in USD) of $1,100/oz for Pd, $950/oz for Pt, $1,300/oz for Au, $6,614/t for Cu and $15,432/t for Ni.

Sponsored Content Release. Click for Full Disclosure

  • Sponsored Content Release

    FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For palladium one mining inc., financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by bullrun capital. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.