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Palladium One Identifies Additional Drill Targets on 17 Km Long Haukiaho Trend at LK PGE-Ni-Cu Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Palladium One Mining Inc. ( T...
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[{"type":"text","content":"Palladium One Identifies Additional Drill Targets on 17 Km Long Haukiaho Trend at LK PGE-Ni-Cu Project in FinlandVancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\") reports a new, large chargeability drill target at the Haukiaho East Induced Polarization (IP) survey grid, located in central Finland. Highlights:The Haukiaho East IP survey grid is located 7.5 km east of the Haukiaho survey grid (see news release May 7, 2020) and covers 1.6 kilometers of the seventeen (17) kilometer strike length of the highly prospective Haukiaho trend (Figure 1). The survey has identified a consistent chargeability anomaly over the full extent of the grid, suggesting the anomaly continues to the southwest and northeast. (Figure 2, 3 and 4).The newly identified chargeability anomaly has only been tested by one historic diamond drill hole (R619) drilled by Outokumpu in 1966, which did not intersect the core of the anomaly. Sporadic sampling of hole R619 by Outokumpu returned up to 0.20% Cu, and 0.13% Ni over 8.94 meters, while no PGE analysis was performed. Selective re-sampling of hole R619 by the Geological Survey of Finland (GTK) confirmed the presence of PGE mineralization, returning up to 0.367 g/t PGE (0.206 g/t Pd, 0.098 g/t Pt, 0.18% Cu and 0.19% Ni over 0.20 meters).Preliminary Analysis:The chargeability anomaly is coincident with a strong magnetic high suggesting peridotitic rocks, which are characteristic of Haukiaho-style PGE-Ni-Cu mineralization.Both the chargeability and magnetic data show little sign of deformation suggesting relatively good preservation of original geometry of the favour basal phase of the Koillismaa Complex.Target Model:Large tonnage, near surface PGE-Ni-Cu mineralization amenable to open pit mining.Multiple higher-grade pods of PGE-Ni-Cu mineralization located in embayment structures along the basal contact of the Koillismaa Complex.\"The current IP geophysical program has shown that the 17 km long Haukiaho trend has the potential to host significantly more mineralization than outlined in the historic 2013 Haukiaho resource estimate. The eastern portion of the Haukiaho trend has seen very little historic drilling. Having outlined significant chargeability anomalies in Haukiaho East, we are highly e...