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Palladium One Intersects 32.6m @ 2.86 g/t Palladium Equivalent at the Lantinen Koillismaa PGE-Cu-Ni Project, Finland
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2020) - Palladium One Mining Inc. ( ...
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[{"type":"text","content":"Palladium One Intersects 32.6m @ 2.86 g/t Palladium Equivalent at the Lantinen Koillismaa PGE-Cu-Ni Project, FinlandVancouver, British Columbia--(Newsfile Corp. - July 22, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\") is pleased to report the first drilling results from the Phase 1 winter 2020 drill program at the Läntinen Koillismaa (\"LK\") PGE-Cu-Ni Project, located in north-central Finland. Highlights:32.55m grading 2.86 g/t palladium equivalent (Pd_Eq)*, from 33m down hole, in hole LK20-001Total platinum-group elements (PGE) of 1.82 g/tIndividually by metal, 1.22 g/t Pd; 0.46 g/t Pt; 0.14 g/t Au; 0.23% Cu and 0.16% Ni Including 16.00m grading 3.64 g/t Pd_Eq Total PGE of 2.43 g/t, Individually by metal, 1.67 g/t Pd; 0.59 g/t Pt; 0.18 g/t Au; 0.27% Cu and 0.18% NiIncluding 1.30m grading 5.70 g/t Pd_Eq Total PGEs of 3.96 g/t, Individually by metal, 2.78 g/t Pd; 0.93 g/t Pt; 0.25 g/t Au; 0.41% Cu and 0.25% NiReported widths are \"drilled widths\" true widths are estimated to be approximately 90% of drilled widthPresident and CEO Derrick Weyrauch commented, \"We are very pleased with the results from the first hole of the Phase 1 program. These results highlight the high grade, PGE-rich nature of the Kaukua open pit deposit.\"Holes LK20-001 through LK20-005 targeted a previously untested up dip portion of the Kaukua deposit (Figure 1 and 2) with the goal of upgrading current inferred resources to indicated and outlining near surface mineralization which could form part of a future bulk sample. The Kaukua deposit hosts 635,600 Pd_Eq ounces of Indicated Resources grading 1.80 g/t palladium equivalent, and 525,800 palladium equivalent ounces of Inferred Resources grading 1.50 g/t Pd_Eq (see press release September 9, 2019).Table 1. Phase 1 Drill ResultsZoneHoleFrom (m)To (m)Width (m)PGE g/t (Pd+Pt+Au)Pd g/tPt g/tAu g/tCu %Ni %Pd_Eq g/t*KaukuaLK20-00133.4566.0032.551.821.220.460.140.230.162.86Inc45.0061.0016.002.431.670.590.180.270.183.64Inc48.6049.901.303.962.780.930.250.410.255.70 Palladium Equivalent \"Pd_Eq\" is calculated using metal prices (in USD) of $1,100/oz for palladium, $950/oz for platinum, $1,300/oz for gold, $6,614/t for copper and $15,432/t for nickel as used in the Company's 2019, 43-101 mineral resource estimate on the Kaukua Deposit (se...