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Palladium One Identifies Large Chargeability Anomaly and Extends Kaukua South Zone at LK PGE-Ni-Cu Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - Palladium One Mining In...
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[{"type":"text","content":"Palladium One Identifies Large Chargeability Anomaly and Extends Kaukua South Zone at LK PGE-Ni-Cu Project in FinlandVancouver, British Columbia--(Newsfile Corp. - February 25, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\") reports that initial results from the first Induced Polarization (IP) survey grid, Kaukua East, have discovered a large chargeability anomaly, representing the eastern extension of the palladium dominant Kaukua South Zone. The Kaukua South Zone anomaly now extends over a two (2) kilometre strike length. The Kaukua East IP survey identified a much stronger and wider chargeability anomaly than the previous 2008 IP survey conducted at Kaukua (Figure 1). The 2008 IP survey was instrumental in identifying the Kaukua deposit which hosts 1.2 million Palladium equivalent (Pd_eq) ounces and has a strike length of one (1) kilometre (Figure 1 below and press release September 9, 2019).Figure 1. Plan view of the 2008 and 2020 (current) IP survey in the Kaukua Area. The 2008 IP survey area is outlined in blue, while the 2020 survey is outlined in green. The Kaukua deposit's optimised open pit is outlined by a dashed black line. The newly expanded Kaukua South Zone south is outlined by a dashed red line. To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6502/52728_5c383a0f54a218e9_001full.jpg\"It is apparent that the Kaukua mineralized system is much larger than previously understood. The Kaukua South Zone was thought to be cut-off to the east, whereas the 2020 IP survey clearly illustrates a highly chargeable anomaly extending for over one (1) kilometre east of the known mineralized zone. Significantly, the chargeability anomaly on the new Kaukua East survey appears to be more intense and wider than the one on the 2008 survey, making it a very high priority drill target. As a consequence of the new IP survey model, we are very optimistic that the greater Kaukua Area could have a much larger resource endowment than previously understood,\" commented Derrick Weyrauch, President and CEONeil Pettigrew, Vice President Exploration, commented, \"The large, newly discovered, high chargeability, anomaly is most intense along the western most line of the survey grid, whereas the adjoining eastern side of the 2008 IP survey ...