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Palladium One Expands Its Tyko Nickel - Copper District by 8,620 Hectares, Ontario, Canada
HIGHLIGHTS Property position expanded by 8,620 hectares. The new property ("Tyko II") is loc...
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[{"type":"text","content":"Palladium One Expands Its Tyko Nickel - Copper District by 8,620 Hectares, Ontario, CanadaHIGHLIGHTSProperty position expanded by 8,620 hectares. The new property (\"Tyko II\") is located 10 kilometers north of the main Tyko (now referred to as Tyko I) property and has been acquired through a combination of staking and two claim group purchases.Exploration potential:Historic grab samples suggest a strong potential for copper - nickel - PGE mineralization:1.17% Cu, 0.73% Ni, 2.4 g/t Pd, 0.2 g/t Pt (Kejimalda Zone)0.54% Cu, 0.11% Ni, 1.0 g/t Pd, 0.4 g/t Pt (Moshkinabi Zone)2.46% Cu, 0.22% Ni (Gionet Zone)6.70% Cu, 0.17% Ni (Faries Lake Zone)Multiple untested historic ElectroMagnetic (\"EM\") anomalies provide developed drill targets.Historic exploration has identified multiple copper - nickel - PGE showings which are associated with the Faries-Moshkinabi Mafic-Ultramafic complex and which share geological similarities to the Tyko I Property.Existing exploration drill permits and a network of logging roads allow for near term drilling.Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to announce the expansion of the Tyko Nickel - Copper District, with the acquisition of the highly prospective \"Tyko II Copper - Nickel - PGE\" property, located approximately 10 kilometers north of the Tyko I (formerly \"Tyko\") property, and 15 kilometres east of the town of Manitouwadge, Ontario, Canada.\"This property expansion bolsters the Company's nickel - copper strategy in a premiere mining jurisdiction and specifically in a highly prospective, relatively unexplored region, where it now controls 38,130 hectares. Tyko II brings an additional pipeline of drill permitted magmatic copper - nickel sulphide targets. The Tyko II project has many geological similarities to Tyko I with several untested historic EM anomalies. Prior to our high-grade discovery, the Smoke Lake zone also began as a historic untested EM anomaly. Just like Tyko I, Tyko II has seen surprisingly little historic exploration or even government mapping.\"Having completed the majority of the planned 2023 prospecting, mapping and soil sampling program, the Company is on track to begin drill testing new and existing targets in mid-October. \"With $14.5 million of cash on hand as of the end of Q2 the Company is well fi...