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Palladium One Drills 7.4% Ni_Eq (164 lbs/tonne) over 4.5 Meters Including 10.2% Ni_Eq (224 lbs/tonne) over 1.7 Meters at Tyko Nickel-Copper Project, in Ontario, Canada
KEY HIGHLIGHTS Nickel-copper continuity confirmed along 350-meter, near surface, stri...
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[{"type":"text","content":"Palladium One Drills 7.4% Ni_Eq (164 lbs/tonne) over 4.5 Meters Including 10.2% Ni_Eq (224 lbs/tonne) over 1.7 Meters at Tyko Nickel-Copper Project, in Ontario, CanadaKEY HIGHLIGHTSNickel-copper continuity confirmed along 350-meter, near surface, strike length.10.2% Ni_Eq (224 lbs/tonne) over 1.7 meters, within 7.4% Ni_Eq (164 lbs/tonne) over 4.5 meters, from 5 meters down hole (TK21-035), Upper Plate.8.8% Ni_Eq (193 lbs/tonne) over 0.5 meters, within 5.8% Ni_Eq (127 lbs/tonne) over 2.5 meters, from 98 meters down hole (TK21-040), Lower Plate.8.3% Ni_Eq (182 lbs/tonne) over 1.7 meters, within 6.0% Ni_Eq (131 lbs/tonne) over 2.4 meters, from 130 meters down hole (TK21-041), Lower Plate.Current nickel price is approximately US$8.0 per pound.Toronto, Ontario--(Newsfile Corp. - June 23, 2021) - Final results containing massive magmatic sulphide intercepts grading up to 10.2% Nickel equivalent (\"Ni_Eq\") (224 lbs/tonne), (23.7% Copper equivalent) over 1.7 meters, within 7.4% Ni_Eq (164 lbs/tonne) (17.4% Copper equivalent) over 4.5 meters, have been received from the Phase II Tyko drill program, located at the at Smoke Lake target of the Tyko NI-Cu Project, said Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (\"Palladium One\" or the \"Company\") today.These results are in addition to last weeks announcement of 9.5% Ni_Eq (210 lbs/tonne), (22.3% Copper equivalent) over 1.7 meters, within 6.0% Ni_Eq (131 lbs/tonne), (13.9% Copper equivalent) over 5.0 meters. (see press release June 17, 2021).The Phase II program was designed to test the down dip continuity of the EM Maxwell Plates \"Plates\" that were modelled subsequent to the Q4 2020 Phase I drill program. A total of 14 holes were completed, 11 of which intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which also returned up to 9.9% Nickel equivalent (218lbs/tonne), (23% Copper equivalent, 30.1 g/t Gold equivalent*) (8.1% Ni, 2.9% Cu, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) over 3.8 metres (see press release January 19, 2021). President and CEO, Derrick Weyrauch, commented, \"Smoke Lake continues to deliver some of the highest sulphide nickel grades globally. We remain focused on finding the source of the remobilized massive sulphide mineralization, which could be located in the large magnetic anomaly immediately below Smoke Lake. F...