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Palladium One Kaukua South Anomaly Extended to 5.5 km at the Läntinen Koillismaa (LK) PGE-Cu-Ni Project, Finland
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - Palladium One Mining Inc. ...
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[{"type":"text","content":"Palladium One Kaukua South Anomaly Extended to 5.5 km at the Läntinen Koillismaa (LK) PGE-Cu-Ni Project, FinlandVancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the \"Company\" or \"Palladium One\") is pleased to report that the final data from the 2020 winter Induced Polarization (\"IP\") geophysical program, suggests the Kaukua South anomaly extends for over 5.5 kilometers (\"km\") (Figure 1). Additionally, the Phase 1 drill program has now restarted at the Läntinen Koillismaa (\"LK\") PGE-Cu-Ni Project, located in north-central Finland. President and CEO, Derrick Weyrauch commented, \"Kaukua South has become a key focus for the Company. The existing Kaukua Deposit is robust and contained within 1 kilometer of strike length, while Kaukua South may now have a strike length of over 5.5 kilometers. This suggests the potential to add significant, near surface, tonnage to existing NI 43-101 open pit resources and could materially increase conceptual mine throughput and/or a conceptual life-of-mine plan. We are eagerly awaiting results from the now resumed drill program.\"The Greater Kaukua Area of the LK project is shown in Figure 1 and illustrates the new, most western, IP anomaly of Kaukua South that is open for expansion. Additionally, the Summer 2020 proposed drill hole locations to test the IP chargeability anomalies discovered in 2020, are shown in red, while H1 2020 drill holes are shown in black.Figure 1. Greater Kaukua Area showing a plan view of the 2008 and 2020 IP surveys. The newly expanded Kaukua South Zone, and Murtolampi Zone are outlined by a dashed red line.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6502/61307_38876db4641a79a4_001full.jpgKaukua South will be a central focus of the renewed drill program. The final data from the winter IP geophysical program comprised a reconnaissance line located ~1.5km east of the Kaukua Deposit. This reconnaissance line detected a strong chargeability anomaly which appears to be the western extension of the Kaukua South anomaly. The Kaukua South zone was known to be open to west with the westernmost hole having the highest grade intercept within the zone, 33.0m @ 1.9g/t Palladium Equivalent (\"Pd_Eq\"), (1.05 g/t Pd+Pt+Au (\"PGE\"), 0.74 g/t ...