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Palladium One Identifies New Drill Targets on the Haukiaho Trend at LK PGE-Ni-Cu Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2020) - Palladium One Mining Inc. ( TS...
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Identifies New Drill Targets on the Haukiaho Trend at LK PGE-Ni-Cu Project in FinlandVancouver, British Columbia--(Newsfile Corp. - May 7, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\") is pleased to report that results from the Haukiaho Induced Polarization (IP) survey have outlined several new and large chargeability drill targets. Highlights:The Haukiaho IP survey grid covered over five (5) kilometers of the seventeen (17) kilometer strike length of the highly prospective Haukiaho trend, (Figure 1). The survey identified three new drill target areas of strong chargeability (western, central and eastern), two of which are outside of the historic 2013 Haukiaho resource area (Figure 2, 3 and 4).Preliminary Analysis:The western chargeability anomaly corresponds well with the 2013 historic Haukiaho resource estimate and suggests a known 200-meter gap in the drilling contains significant mineralization. The central chargeability anomaly appears to occur underneath the bulk of the historic drilling in this area, suggesting the best mineralization has not been drill tested. The eastern chargeability anomaly lies in an area with sparse shallow historic drilling and occurs underneath where the company collected significant prospecting samples in 2019, returning up to 0.51% Cu, 0.33% Ni, and 0.96 g/t PGE (0.18 g/t Pt, 0.56 g/t Pd, 0.21 g/t Au) (see news release August 12, 2019).Target Model:Large tonnage, near surface PGE-Ni-Cu mineralization amenable to open pit mining.Higher grade pods of PGE-Ni-Cu mineralization located in embayment structures along the basal contact of the Koillismaa complex.\"It appears that the Haukiaho trend hosts significantly more mineralization than outlined in the historic 2013 Haukiaho resource estimate. The fact that we have two (2) large chargeability drill targets located immediately to the east of the historic resource suggests significant potential to outline additional mineralization along the Haukiaho Trend. As a result, not only do we plan to convert the 2013 historic resource into a current NI43-101 resource estimate following infill drilling, we have the opportunity to significantly expand mineralization to the east\" commented Derrick Weyrauch, President and CEO\"The Haukiaho trend, east of the historic 2013 Haukiaho...