Business
Palladium One Mining Corporate Update
Toronto, Ontario--(Newsfile Corp. - August 17, 2021) - Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or the "Company") is pleased
About this update from Gt Resources Inc
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 17, 2021) - Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (\"Palladium One\" or the \"Company\") is pleased to provide this corporate update which highlights the current exploration status of our two primary projects, namely the LK PGE-Cu-Ni Project in Finland and the Tyko Copper-Nickel Project in Ontario, Canada. In addition, we are pleased to provide the key objectives of the Company over the coming months. \"With a cash balance of $15 million (unaudited) as at July 31, 2021, the Company is well funded to advance planned activities for the foreseeable future,\" said Derrick Weyrauch, President and CEO. Key Objectives (Milestones) LK Platinum Group Element-Copper-Nickel Project, Finland Resource definition drilling at Kaukua and the western portion of Kaukua South (\"Kaukua Areas\") is scheduled for completion mid-September 2021. (Figure 1) A NI43-101 compliant resource estimate for the Haukiaho zone, located 10 kilometers south of Kaukua, is scheduled for completion in Q3 2021. Phase II metallurgical testing of the Kaukau Areas is underway and scheduled for completion before year end. An updated NI43-101 compliant resource for the Kaukua Areas is scheduled for completion at year end (December 2021/January 2022). A Preliminary Economic Assessment (\"PEA\") is planned for mid-2022. Step out drilling targeting the recently announced Induced Polarization (IP) anomaly to the west of Kaukua is scheduled to be drill tested starting September 2021. (Figure 1) (see news release dated July 7, 2021). Assay labs continue to struggle with timely delivery of results due to an industry wide high volume of activity. Assay results for 38 drill holes remain outstanding, while results have been released for 78 drill holes. Tyko Copper-Nickel Project, Ontario, Canada Drilling has resumed on the Smoke Lake zone, following a major drill breakdown and early spring thaw. Four holes have been completed from a planned seven-hole program. The objective is to find the source of the high-grade mineralization which produced intersections up to 9.9% Ni_Eq over 3.8 metres at surface (8.2 % Ni, 2.9 % Cu, 0.1 % Co, 0.6 g/t Pd, 0.5 g/t Pt), (see press release January 19, 2021) Previously, 28 drill holes defined a shallow 350-meter mineralized strike length at the Smoke Lake zone. Exploration drilling is ...