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Palladium One Commences Metallurgical Study, Reports Petrographic Study and Announces Flow-Through Private Placement for the Tyko Sulphide Ni-Cu-PGE Project
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2019) - Palladium One Mining Inc. ...
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[{"type":"text","content":"Palladium One Commences Metallurgical Study, Reports Petrographic Study and Announces Flow-Through Private Placement for the Tyko Sulphide Ni-Cu-PGE ProjectVancouver, British Columbia--(Newsfile Corp. - October 21, 2019) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to announce that it has submitted a sample collected from it's Tyko Ni-Cu-PGE project to Activation Laboratories for metallurgical testing. This testing represents the first metallurgical work done on the project and will assess the floatation characteristics of mineralization.The Tyko project, located in Ontario, Canada. is known to have high tenor sulphide mineralization (see press release June 8, 2016).The metallurgical sample was collected from hole TK-16-002 from the RJ zone which was drilled by the Company in 2016. This hole intersected 1.04% Ni and 0.23% Cu over 16.19 meters (See new release April 12, 2016). The sample consists of ~20kg of drill core and represents a 50/50 mixture of primary pyroxenite and remobilized granite hosted sulphide mineralization. Petrographic StudyPetrographic analysis indicates that the Tyko sulphide mineralization has been significantly influenced by contact metamorphism associated with the intrusion of the Black Pic tonalitic batholith and Dotted Lake granitic pluton. This has resulted in the primary pyrrhotite-pentlandite-chalcopyrite sulphide assemblage being modified to a predominantly pyrite-millerite-chalcopyrite assemblage. In addition, sulphides have been locally remobilized into the adjacent granite rocks occurring as biotite-rich veins of semi-massive to massive sulphide. Derrick Weyrauch, Interim President and CEO stated, \"The high tenor of the sulphide suggests a high-value flotation concentrate could be produced, as such we look forward to the results of this initial metallurgical study.The Company is initiating a prospecting and mapping program to be conducted on the Tyko project later this month. This program will focus on high priority geophysical targets identified in 2016 that were never followed up on, as well as the first work on the new Shabotik showing (see news release August 19, 2019)\" Flow-Through Private PlacementThe Company has arranged a C$0.15 million non-brokered flow-through private placement (the \"Offering\"). Under the terms of the Offering...