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Palladium One Massive Magmatic Sulphide Discovery Yields 8.7% Ni_Eq (193 lbs/tonne) over 3.8 Meters at Tyko
Toronto, Ontario--(Newsfile Corp. - January 5, 2021) -  The first two holes of the 2020 T...
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[{"type":"text","content":"Palladium One Massive Magmatic Sulphide Discovery Yields 8.7% Ni_Eq (193 lbs/tonne) over 3.8 Meters at TykoToronto, Ontario--(Newsfile Corp. - January 5, 2021) -  The first two holes of the 2020 Tyko drill program intersected massive magmatic sulphides grading 8.7% Ni_Eq* (193 pounds per tonne) over 3.8 Meters (6.6% Ni, 3.7% Cu, 1.5g/t PGE) at less than 30 meters true-depth, at the Smoke Lake target of the Tyko Ni-Cu-PGE Project, in Ontario, Canada said Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (\"Palladium One\" or the \"Company\") today. The current market price of nickel is approximately US$7.90 per pound.Key Highlights:Hole TK-20-016 returned 8.7% Ni_Eq (193 pounds per tonne) over 3.8 Meters (6.6% Ni, 3.7% Cu, 1.5g/t PGE) from 29.0 to 32.8 meters down hole. Including 10.1% Ni_Eq (221 pounds per tonne) over 0.5 meters (8.2% Ni, 3.1% Cu, 1.5g/t PGE).Hole TK-20-015, an up-dip hole, drilled from the same drill pad, returned 4.8% Ni_Eq over 2.3 meters (3.9% Ni, 1.4% Cu, 0.8g/t PGE) from 30 meters down hole. Including 8.0% Ni_Eq over 1.0 meters (7.3% Ni, 0.8% Cu, 1.0g/t PGE).All 13 holes drilled at Smoke Lake intersected magmatic sulphides with drilled widths ranging from 1 up to 15 meters. Multiple massive sulphide intercepts up to 4 metres were encountered.Assays for the remaining 11 holes are pending.A magmatic sulphide mineralized strike length of 270 meters has been defined by drilling and the deepest intercept to date has a true depth of only 100 meters.Mineralization remains open to the northwest and down dip.Drilling suggests a shallow southwest dipping body which plunges to the west-northwest.\"We are very pleased with the extremely high-value, near surface resource potential at Smoke Lake. This is the first discovery of massive sulphide mineralization at the Tyko Ni-Cu-PGE Project and provides significant encouragement for additional discoveries given Tyko is woefully underexplored. The Tyko project covers over 20,000 hectares, which includes the 7,000 hectare mafic-ultramafic Bulldozer intrusion, which has seen virtually no geological mapping nor exploration\" said Derrick Weyrauch, President and CEO.The 2020 Tyko drill program consisted of 14 drill holes totalling 1,123 meters, 13 holes were drilled into the Smoke Lake electromagnetic (\"EM\") anomaly. This program was the first to drill test ...