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Palladium One More Massive Magmatic Sulphide Intersections, up to 7.5% Ni_Eq (164 lbs/tonne) over 4.2 Meters at Tyko
Toronto, Ontario--(Newsfile Corp. - January 12, 2021) - Results for six additional drill holes...
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[{"type":"text","content":"Palladium One More Massive Magmatic Sulphide Intersections, up to 7.5% Ni_Eq (164 lbs/tonne) over 4.2 Meters at TykoToronto, Ontario--(Newsfile Corp. - January 12, 2021) - Results for six additional drill holes containing several massive magmatic sulphides intercepts grading up to 7.5% Ni_Eq* (164 pounds per tonne) over 4.2 Meters (5.8% Ni, 2.7% Cu, 1.3/t PGE), have been received from the 2020 Tyko drill program, located at the Smoke Lake target of the Tyko Ni-Cu-PGE Project said Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (\"Palladium One\" or the \"Company\") today. These results are in addition to last weeks announcement of 8.7% Ni_Eq* (193 pounds per tonne) over 3.8 Meters (6.6% Ni, 3.7% Cu, 1.5g/t PGE) (see press release January 5, 2021).Key Highlights:Hole TK-20-022, returned 7.5% Ni_Eq over 4.2 meters (5.8% Ni, 2.7% Cu, 1.3g/t PGE)from 46.8 meters down hole. Including 8.8% Ni_Eq over 2.1 meters (7.3% Ni, 2.3% Cu, 1.3g/t PGE).Hole TK-20-019 returned 5.9% Ni_Eq over 1.7 Meters (3.9% Ni, 3.9% Cu, 0.9g/t PGE)from 28.7 meters down hole. Including 8.7% Ni_Eq over 0.8 meters (6.2% Ni, 4.7% Cu, 1.6g/t PGE).All 13 holes drilled at Smoke Lake intersected magmatic sulphides. Multiple massive sulphide intercepts up to 4 metres were encountered.Assays for the remaining 5 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.\"Smoke Lake continues to deliver exceptionally high-grade, nickel-copper, massive sulphide intersections, which are demonstrating the extremely high-value, near surface resource potential at Smoke Lake. This grass roots discovery underscores just how under explored Tyko is, there is significant potential for additional discoveries. 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 the Smoke Lake EM anomaly (see press release January 21, 2020, November 18, 202...