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Palladium One Obtains KS, Massive Sulphide Cu-Ni-PGE Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2020) - Palladium One Mining Inc. ( ...
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[{"type":"text","content":"Palladium One Obtains KS, Massive Sulphide Cu-Ni-PGE Project in FinlandVancouver, British Columbia--(Newsfile Corp. - April 2, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\") reports that the Company has received approval from the Finnish Mining Authority for a ~20,000-hectare Reservation, Kostonjarvi (KS), which is adjacent to the Company's Flagship Läntinen Koillismaa (LK) Project in Central Finland. The KS reservation covers a large buried gravity and magnetic anomaly that is interpreted to represent a buried Feeder Dyke to the Koillismaa Complex which hosts the palladium dominant, LK PGE-nickel-copper project (Figure 1). While the LK and KS projects are contiguous, the targets are very different: The LK project is an open pit style, with disseminated sulphide mineralization along the prospective basal unit of the Koillismaa complex, with similarities to Platreef type deposits. Whereas the KS project target is underground, high-grade massive sulphide, in the feeder system (Feeder Dyke) of the Koillismaa Complex, similar to a Norlisk, or Voisey's Bay type deposit (Figure 2).\"KS is 100% owned, royalty free, of district-scale, and has been the subject of extensive academic research. Just as with our palladium dominant LK project, KS is under-explored, notably where it connects to the Koillismaa Complex. The KS exploration targets are \"traps\" in the Feeder Dyke with the potential to host massive sulphide accumulation. The Company now possesses two significant projects in Finland with potential for large mineralized systems with similarities to Platreef and Norilsk style deposits. Holding costs for KS are zero until the reservation is converted into an exploration permit.As at March 31, 2020 the Company had cash and equivalents of $2.6 million (unaudited), estimated net-working-capital of $2.5 million (unaudited) and no debt,\" commented Derrick Weyrauch, President and CEOFigure 1. Geology of Central Finland showing the Koillismaa Complex, Narankavaara Intrusion and buried \"connecting dyke\".To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6502/54057_7c60bc3ec4c558d1_001full.jpgFigure 2. 3D model of the buried connector dyke (modified from Salmirinne and Iljina 2003) and schematic long section of the Voisey's Bay ...