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Palladium One Identifies Large Chargeability Anomaly at Murtolampi Zone, at LK PGE-Ni-Cu Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2020) - Palladium One Mining Inc. (...
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[{"type":"text","content":"Palladium One Identifies Large Chargeability Anomaly at Murtolampi Zone, at LK PGE-Ni-Cu Project in FinlandVancouver, British Columbia--(Newsfile Corp. - March 10, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the \"Company\" or \"Palladium One\") reports that the second 2020 Induced Polarization (IP) survey grid, located at Murtolampi, two kilometres northeast of the Kaukua deposit, has successfully outlined a significant untested chargeability anomaly.Substantially more extensive PGE-Cu-Ni mineralization is suggested at Murtolampi than was identified in the 1990's by the Finnish Geological Survey (GTK) (Figure 1, 2 and 3). As illustrated in Figure 1, shallow (40m deep) historic diamond drilling by GTK, which ended in mineralization, did not intersect the most conductive portion of newly discovered anomaly.The core of the Murtolampi chargeability anomaly extends over more than 750m of strike length, with a width ranging from 100 to 300m. and extends down to the maximum depth of the IP survey, being 300m. The six shallow GTK drill holes, conducted in the 1990's, all intersected mineralization, but only tested the very outer edge of the newly discovered chargeability anomaly.Prospecting by the Company in 2019 near these GTK holes produced 3.11g/t PGE (1.86g/t Pd, 1.11 g/t Pt, 0.14 g/t Au), 0.78% Cu, 0.13% Ni on surface (see press release August 12th 2019). The shallow drilling by GTK ended in mineralization with values up to 30.15m 0.86g/t PGE (0.52/t Pd, 0.28g/t Pt, 0.06g/t Au), 0.17% Cu, 0.10% Ni in hole R369. Until now, these historical results have not been followed up.Figure 1. Cross Section looking west of the northern part of the Murtolampi chargeability anomaly.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6502/53273_75869695d4708942_001full.jpg\"In addition to the Kaukua South anomaly that was discovered last month, our second 2020 IP survey grid has outlined another significant chargeability anomaly, this time at Murtolampi. Outlining two large chargeability anomalies extending outward from known PGE-Cu-Ni mineralization in our first two of five surveys, highlights the potential to significantly increase our existing NI 43-101 resources and the overall mineral endowment at our palladium dominant LK PGE-nickel-copper project in Finland. Our ...