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Palladium One Files Mineral Resource Estimate for the Kaukua Zone, Finland on SEDAR
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2019) - Palladium One Mining Inc...
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[{"type":"text","content":"Palladium One Files Mineral Resource Estimate for the Kaukua Zone, Finland on SEDARVancouver, British Columbia--(Newsfile Corp. - September 30, 2019) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to announce that it has filed today an independently prepared resource estimate under National Instrument 43-101 for the Kaukua deposit of the Lantinen Koillismaa (\"LK\") PGE-Cu-Ni project, located in north-central Finland, pursuant to its September 9, 2019 news release. The report has an effective date of September 24, 2019 and is entitled \"Technical Report for the Kaukua Deposit, Läntinen Koillismaa Project, Finland\" and was prepared by Mining Plus (UK) Ltd and GeoConsulting Oy. A copy of the report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's web site at www.palladiumoneinc.com.HighlightsAn optimized pit-constrained Mineral Resource, at a 0.3 g/t Pd (\"grams per tonne\" \"palladium\") cut-off, for the Kaukua Deposit includes:635,600 Pd_Eq ounces of Indicated Resources grading 1.80 g/t Pd_Eq (\"palladium equivalent\") contained in 11 million tonnes, and525,800 Pd_Eq ounces of Inferred Resources grading 1.50 g/t Pd_Eq contained in 11 million tonnes Metal prices assumption used in pit optimization:CommodityUnitsPit Assumption (US$)Palladiumper oz$1,100Platinumper oz$950Goldper oz$1,300Copper per lbs$3.00Nickelper lbs$7.00 The underlying price assumptions are conservative in the context of today's commodity price market, where for example, palladium is trading at $1,550 per ounce.The Kaukua Deposit is expected to have a low capital intensity given the favourable 3:1 stripping ratio of the conceptual pit-constrained resource The Kaukua South zone, located ~500 m south of the current pit constrained Mineral Resource hosts an Exploration Target Potential range of:Between 0.23 and 3.0 million tonnes grading 0.7 to 1.0 g/t Pd_Eq The potential quantity and grade is conceptual in nature, insufficient exploration has been performed to define a mineral resource, and it is uncertain if a mineral resource will be delineated.This zone, with very limited drilling has demonstrated up to 0.74 g/t Pd, 0.24 g/t Pt, 0.07 g/t Au (1.05 g/t PGE), 0.17 % Cu and 0.13% Ni over 32.95 m in hole KAU08-035 and represents a key area for additional resource...