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Palladium One Intercepts More High-Grade Nickel Including, 6.0% Nickel_Eq (13.9% Cu_Eq) Over 5.0 Meters at Tyko Nickel-Copper Project, in Ontario, Canada
Second conductor confirmed to host high-grade massive to semi massive sulphide mineralizatio...
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Intercepts More High-Grade Nickel Including, 6.0% Nickel_Eq (13.9% Cu_Eq) Over 5.0 Meters at Tyko Nickel-Copper Project, in Ontario, CanadaSecond conductor confirmed to host high-grade massive to semi massive sulphide mineralization.Nickel-copper continuity confirmed along 350-meter, near surface, strike length.9.5% Ni_Eq over 1.7 meters, within 6.0% Ni_Eq over 5.0 meters, from 66 meters down hole (TK21-034).9.0% Ni_Eq over 0.9 meters, within 7.8% Ni_Eq over 3.1 meters, from 31 meters down hole (TK21-029).7.7% Ni_Eq over 1.1 meters, within 7.0% Ni_Eq over 3.5 meters, from 45 meters down hole (TK21-030).Toronto, Ontario--(Newsfile Corp. - June 17, 2021) - Initial results have been received from the Phase II Tyko drill program said Palladium One Mining (TSXV: PDM) (FRA: 7N11) (OTCQB: NKORF) (\"Palladium One\" or the \"Company\") today. The Phase II program was designed to test the down dip continuity of the EM Maxwell Plate \"Plates\" that were modelled subsequent to the Q4 2020 Phase I drill program.A total of 14 holes were completed, 11 of which intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which previously returned up to 9.9% Nickel equivalent (23% Copper equivalent, 30.1 g/t Gold equivalent*) (8.1% Ni, 2.9% Cu, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) over 3.8 metres (see press release January 19, 2021). This release contains the results for the first 6 holes of the Phase II program.President and CEO, Derrick Weyrauch commented, \"Smoke Lake continues to deliver exceptional nickel grades. These results, notably hole TK21-034 indicate that the upper and lower plates are in fact one continuous sulphide lens. Additionally, evidence exists that the high-grade mineralization has been remobilized, thus seeking the source of mineralization is our top priority.\" The most important result of Phase II drill program was the strike length extension to 350-meters combined with linking high-grade massive sulphide mineralization between the 'upper conductor' with the 'lower conductor' (see hole TK21-034 which returned 6.0% Ni_Eq (13.9% Copper equivalent, 18.6 g/t Gold equivalent*) over 5.0 meters (Figure 1 and 2)). The Phase II drill program indicates a continuous elongate lens of high-grade sulphide mineralization that dips to the west and plunges to the northwest. Significan...