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Palladium One Identifies New Resource Expansion Targets at the LK PGE-Ni-Cu Project, Finland
Highlights Assaying of historic drill core, from the Haukiaho Trend, has retuned 1.78 g/t...
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Identifies New Resource Expansion Targets at the LK PGE-Ni-Cu Project, FinlandHighlightsAssaying of historic drill core, from the Haukiaho Trend, has retuned 1.78 g/t Pd_Eq (\"Palladium Equivalent\") over 15.1 meters including 2.52 g/t Pd_Eq over 5.0 meters from previously un-assayed drill core (Hole M345364R612).Results highlight the overall potential of the 17-kilometer long Haukiaho Trend.Historically only sporadic sampling for Platinum Group Elements (\"PGE\") took place.A high-resolution drone Magnetic Survey (\"Mag\") to the north-east of the Haukiaho Trend (\"Lota Zone\"), which is interpreted to be an extension of the Haukiaho Trend, has been completed.Additionally, an Induced Polarization (\"IP\") survey at the Lota Zone, returned a strong IP chargeability anomaly adjacent to an area of high magnetic response, which is very similar to the Haukiaho Deposit.Lota Zone now identified as a high-priority target for resource growth. Baseline studies for future permitting of the Kaukua deposit area remain on track and on schedule.The Company continues to maintain significant liquidity and flexibility with $11.25 million of cash on hand as at June 30, 2022.Toronto, Ontario--(Newsfile Corp. - July 20, 2022) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to provide an update on the Läntinen Koillismaa (\"LK\") PGE-Cu-Ni project, located in Finland, which recently published a National Instrument 43-101 compliant Mineral Resource Estimate, summarized below (see press release April 25, 2022 ):Indicated Resources: 1.1 Million ounces Total Precious Metals (Pd+Pt+Au) (\"TMP\") (0.89 g/t), 111 Million pounds of Copper (0.13%), 92 Million pounds of Nickel (0.11%), and 5 Million pounds of Cobalt (65 g/t), contained in 38.2 million tonnes.Inferred Resources: 1.1 Million ounces TMP (0.68 g/t), 173 Million Pounds Copper (0.16%), 152 Million Pounds Nickel (0.14%), and 8 Million Pounds Cobalt (74 g/t), contained in 49.7 million tonnes.Assaying of historic of drill core, from the Haukiaho Trend, has retuned 1.78 g/t Pd_Eq (\"Palladium Equivalent\") over 15.1 meters including 2.52 g/t Pd_Eq over 5.0 meters from previously un-assayed drill core (Hole M345364R612).President and CEO, Derrick Weyrauch, commented, \"Although equity markets are weak, the Company co...