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Palladium One Discovers 600 m Mineralized Strike Length at Murtolampi, Discoveries Now Total 4.6 km of Strike Length in Greater Kaukua Area
Vancouver, British Columbia--(Newsfile Corp. - October 20, 2020) -  Additional visual res...
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Discovers 600 m Mineralized Strike Length at Murtolampi, Discoveries Now Total 4.6 km of Strike Length in Greater Kaukua AreaVancouver, British Columbia--(Newsfile Corp. - October 20, 2020) -  Additional visual results from core logging of the resumed Phase I drill program at the LK Project in Finland have retuned wide zones of magmatic sulfide mineralization at Murtolampi, located less than 2 kilometers north of the Kaukua Deposit, said Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (\"Palladium One\" or the \"Company\") today.Key highlightsNew discovery suggests magmatic sulfide mineralization extends over greater than a 600 m strike length. Targeting induced polarization (IP) chargeability anomalies continues to result in PGE-Cu-Ni mineralization discoveries.Three drill holes tested the Murtolampi Zone, two of which intersected magmatic sulfide mineralization ranging from 40 m to 70 m in length (drilled core length).The Murtolampi zone could rapidly add near surface tonnes to existing NI 43-101 resources.\"We are excited to report this second discovery. Initial results from Murtolampi indicate that it could form a significant satellite open pit resource, adding to the Kaukua deposit, which is located less than 2 kilometers to the south,\" said Derrick Weyrauch, President and Chief Executive Officer. Summary:Drilling has extended magmatic sulfide mineralization in Murtolampi over 600 m southwest of hole LK20-012 which returned 20.2 m at 2.26 g/t palladium equivalent (Pd_Eq)*, within 87.2 m @ 1.43 g/t Pd_Eq (see news release dated August 25, 2020) (Figure 1).Surface sampling at Murtolampi, previously returned 4.9 g/t Pd_Eq, including 3.11 g/t PGE (see news release August 12, 2019).Disseminated to blebby magmatic sulfides, averaging 1-2% but locally up to 10%, consisting of chalcopyrite and pyrrhotite occur within intercepts ranging from 40 m to 70 m (drilled core length).Sulfide mineralization occurs in peridotite and is similar to hole LK20-012 and historic GTK (Geological Survey of Finland) drill holes.Murtolampi has many similarities to the Kaukua deposit, notably high tenor PGE mineralization.Phase 1 Drill Program UpdateThe Company has completed logging and sampling the drill core from the recently completed drilling program. Fourteen holes totalling 2,566 m were completed during the ...