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Palladium One Major Discovery Increases Kaukua South Mineralized Strike Length Six-Fold From 600 M to 4 Km
Key highlights: 11 successful discovery holes were drilled on the Kaukua South extension-e...
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[{"type":"text","content":"Palladium One Major Discovery Increases Kaukua South Mineralized Strike Length Six-Fold From 600 M to 4 KmKey highlights:11 successful discovery holes were drilled on the Kaukua South extension-each contain magmatic sulphide mineralization, and rush assay results are pending.Major discovery increases mineralized strike length from 600 m to 4 km at Kaukua South.Drilling validates potential to significantly increase existing NI 43-101 pit constrained resources and confirms the Kaukua South Induced Polarization (\"IP\") chargeability anomaly is the result of magmatic sulfides.Due to near surface mineralization, more holes than planned were drilled, enabling modelling of potential tonnages across the four-kilometer mineralized strike length of Kaukua South.The width (drilled core length) of mineralized intercepts ranges from 15 m to 100 m.Palladium is more valuable than gold and has a range-bound price approximately US$400 per ounce higher than gold.Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\"). Initial visual results from the resumed diamond drill exploration program at the LK Project in Finland demonstrate that Kaukua South is comprised of the same host rocks and indicates that it is the fault displaced extension of the Kaukua Deposit.Multiple discoveries of magmatic sulfide mineralization have been outlined, and preliminary indications are that Kaukua South could be several times the size of the NI 43-101 Kaukua Open Pit Resource. That resource currently has 526,000 ounces of palladium equivalent ounces at 1.8 g/t in the indicated category and 636,000 ounces of palladium equivalent ounces at 1.5 g/t in the inferred category. \"We are very excited to report this major new discovery, and are processing assays on a rush basis,\" said Derrick Weyrauch, President and Chief Executive Officer. \"The Kaukua South strike extension is exceptionally significant because it has shallow disseminated sulfide mineralization the same as Kaukua and points to the footprint of a large-scale mineral system,\" said Dr. Peter C. Lightfoot, one of Palladium One Mining's directors and a globally recognized expert in magmatic precious metal and nickel-copper-cobalt sulphide ore deposits. Dr. Lightfoot also stated, \"LK is shapi...