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Palladium One Discovers New Mineralized Chonolith North of RJ Zone and Reports Drill Results for the Smoke Lake Zone, Tyko Nickel - Copper Project, Canada
Highlights Smoke Lake infill drilling at depth returns high grades: 3.5% Ni and 1.2% Cu, an...
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[{"type":"text","content":"Palladium One Discovers New Mineralized Chonolith North of RJ Zone and Reports Drill Results for the Smoke Lake Zone, Tyko Nickel - Copper Project, CanadaHighlightsSmoke Lake infill drilling at depth returns high grades:3.5% Ni and 1.2% Cu, and 0.8g/t Total Precious Metals (\"TMP\") over 3.4 meters in hole TK22-082Including 5.0% Ni, 1.6% Cu, 1.2g/t TPM over 2.3 metersNew mineralized Chonolith / Feeder Dyke structure discovered 3.5 kilometers northeast of the RJ Zone.Property wide Chonolith / Feeder Dyke geological model continues to be confirmed.Wide intercepts of Chonolith type mineralization at RJ Zone:50 meters grading 0.2% Ni, 0.2% Cu, 0.1g/t Total Precious Metals (\"TPM\") in hole TK22-080Including 30 meters grading 0.3% Ni, 0.2% Cu, 0.1g/t TPMIncluding 1 meter grading 1.7% Ni, 0.7% Cu, 0.4g/t TPMToronto, Ontario--(Newsfile Corp. - February 23, 2023) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to report drill results from the Smoke Lake Zone and reconnaissance drilling in the RJ Area, where the Company has discovered a new mineralized Chonolith / Feeder Dyke on the Tyko Nickel - Copper Project, in Ontario, Canada. President and CEO, Derrick Weyrauch commented, \"These latest results confirm the high-grade nature of the deeper portion of the Smoke Lake Zone. The Smoke Lake area continues to suggest the presence of additional mineralization given the presence of ultramafic rocks that were intersected in several holes and IP anomalies that are still to be fully tested.\"Significantly, reconnaissance drilling north of the RJ Zone discovered a new mineralized Chonolith / Feeder Dyke. Importantly, this drill hole (TK22-093 Figure 2) tested a magnetic high with no ElectroMagnetic (\"EM\") response. This provides further confirmation of widespread occurrences of Chonolith / Feeder Dyke mineralization on the property, and that these occurrences are not necessarily detectable by airborne EM surveys. Additional drilling at the RJ Zone also returned wide zones (up to 50 meters, Table 1) of at surface disseminated nickel sulphide mineralization similar to historic hole TK16-002 which returned 85.4 meters of 0.5% Ni and 0.2% Cu. \"The 2023 exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder Dyke structures on the 3...