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Palladium One Provides Update on the LK PGE-Ni-Cu Project in Finland
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - Palladium One Mining Inc....
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[{"type":"text","content":"Palladium One Provides Update on the LK PGE-Ni-Cu Project in FinlandVancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the \"Company\" or \"Palladium One\") is pleased to announce that its palladium dominant LK PGE-Ni-Cu project located in central Finland, has had seven of eight exploration permit renewal applications approved by the Finnish Mining Authority, while the eighth remains under consideration. Additionally, two Reservation Decision applications (see press release dated Sept 5, 2019) have been approved by the Mining Authority. In total, only one permit renewal and one new permit application remain under review.Under Finnish law, a third party may appeal a Mining Authority decision within 30-days of rendering a decision. Both of the Reservation Decisions were appealed, and those appeals were subsequently dismissed by Administrative Court, which decisions are appealable. Two exploration permit renewal decisions announced by the Finnish Mining Authority on November 7, 2019 have been appealed within the 30-day appeal period and the Company has applied for an Enforcement Decision, which would allow the Company to conduct exploration on the underlying properties during the appeal process. The Enforcement Decision process is expected to take approximately 60-days to conclude, and is also appealable. The Company does not anticipate the process to affect its scheduled exploration program as there are multiple avenues to proceed with planned activities.Several exploration permit renewals were approved on December 11, 2019, and the Company anticipates appeals to be filed by the same individual, and thereafter the Company expects to avail itself of the same Enforcement Decision process. It should be noted that the third-party that filed the appeals is known to the Finnish Mining Authority and has appealed numerous Mining Authority decisions unsuccessfully. H1-2020 - Exploration ProgramThe Company plans to conduct a 75 line-kilometer Induced Polarization (IP) geophysical program along with a diamond drilling program of up to 5,000 meters at the LK Project. Both a drilling and geophysics contractor are expected to be mandated in the coming days.Derrick Weyrauch, President and CEO stated, \"We are very excited to be initiating exploration in Finland, at ...