Business
Palladium One Grants Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2019) - Palladium One Mining Inc....
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Grants Incentive Stock OptionsVancouver, British Columbia--(Newsfile Corp. - December 29, 2019) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the \"Company\" or \"Palladium One\") announces that the Company's Board of Directors has approved the granting of stock options to employees, directors, advisors and consultants pursuant to the Company's stock option plan. The stock options entitle the holders to purchase a total of 5,100,000 common shares in the capital stock of the Company at a price of $0.15 per common share. The stock options are exercisable for five years and vest immediately.Qualified PersonThe technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo, Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.About Palladium One:Palladium One Mining Inc. is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa (\"LK\") PGE-Cu-Ni project, located in north-central Finland and the Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada. The Kaukua deposit of the LK project hosts 635,600 Pd_Eq ounces of Indicated Resources grading 1.80 g/t Pd_Eq* (\"palladium equivalent\") contained in 11 million tonnes (@ 0.81g/t Pd, 0.27g/t Pt, 0.09g/t Au, (1.17g/t PGE), 0.15% Cu & 0.09% Ni), and 525,800 Pd_Eq ounces of Inferred Resources grading 1.50 g/t Pd_Eq contained in 11 million tonnes (@ 0.64g/t Pd, 0.20g/t Pt, 0.08g/t Au (0.92g/t PGE), 0.13% Cu, & 0.08% Ni), (see press release September 9, 2019). Kaukua is open for expansion, while the Kaukua South, Murtolampi and Haukiaho mineralized zones require systematic exploration via diamond drilling to follow up mineralized drill intercepts.*Pd_Eq is calculated using the following metal prices (in USD) of $1,100/oz for Pd, $950/oz for Pt, $1,300/oz for Au, $6,614/t for Cu and $15,432/t for Ni. ON BEHALF OF THE BOARD:\"Derrick Weyrauch\"President & CEO, DirectorFor further information contact:Derrick Weyrauch, President & CEOEmail: [email protected]: 1-778-327-5799 Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of ...