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Palladium One Identifies New Drill Targets on Tilsa Trend at the LK PGE-Ni-Cu Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2020) - Palladium One Mining Inc. ( ...
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[{"type":"text","content":"Palladium One Identifies New Drill Targets on Tilsa Trend at the LK PGE-Ni-Cu Project in FinlandVancouver, British Columbia--(Newsfile Corp. - June 11, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\") reports a new chargeability drill target on the Tilsa Induced Polarization (IP) survey grid on the Läntinen Koillismaa (\"LK\") Project, in central Finland.Highlights:The Tilsa IP survey grid is located six (6) kilometers west of the historic Haukiaho resource (see news release May 7, 2020) and covers one (1) kilometer of the three (3) kilometer strike length of the highly prospective Tilsa trend. (Figure 2) The survey has identified a consistent chargeability anomaly over the full extent of the grid, which appears to be strengthening to the northeast. (Figure 1 and 3)The survey also identified two other parallel chargeability and magnetic anomalies possibly representing fault repetitions of the favourable basal phase of the Koillismaa complex.Historical reconnaissance drilling, in 1999 by the Geological Survey of Finland (GTK), along the Tilsa trend returned up to 0.58g/t PGE (0.39g/t Pd, 0.13g/t Pt, 0.06g/t Au), 0.35% Cu, 0.29% Ni over 15.26m in hole R379. The strongest part of the newly identified chargeability anomaly has never been drill tested.Figure 1. Plan view of the 2020 Tilsa IP survey showing chargeability, and historic drill traces.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6502/57547_37beea5f14355a83_001full.jpgPreliminary Analysis:The three (3) kilometer long Tilsa trend appears to be a faulted block of the larger Haukiaho Trend. The metal ratios of the Tilsa PGE-Ni-Cu mineralization have strong similarities to Haukiaho-style mineralization.The chargeability anomalies are coincident with strong magnetic highs, suggesting peridotitic rocks, which are characteristic of Haukiaho-style PGE-Ni-Cu mineralization.The presence of closely spaced fault repetitions of the favourable basal phase at Tilsa is prospective for finding mineralization amenable to open pit mining.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.\"These res...