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Palladium One Receives Class 1 Exploration Permit and Begins Field Exploration Program on Canalask Nickel Project, Yukon, Canada
Toronto, Ontario--(Newsfile Corp. - July 10, 2023) - Palladium One Mining Inc. (TSXV: PDM) (OT...
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Receives Class 1 Exploration Permit and Begins Field Exploration Program on Canalask Nickel Project, Yukon, CanadaToronto, Ontario--(Newsfile Corp. - July 10, 2023) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to provide an exploration update for the Canalask Nickel - Copper Project, in Yukon, Canada. HighlightsA Class 1 Exploration Permit has been received.The 2023 Field exploration program has begun. A high-resolution ground based Electromagentic (\"EM\") survey is planned to take place this summer.Reprocessing and modelling of historical geophysical data is underway.President and CEO Derrick Weyrauch commented, “The Class 1 Exploration Permit authorizes exploration and associated preparatory work for a 12-month period at the Canalask Project. Canalask hosts a footwall nickel-copper sulphide deposit of unknown origin, thereby suggesting that a larger deposit is present at depth in the adjacent regional-scale ultramafic dyke. Additionally, Canalask hosts untested geophysical targets. The current field program consists of clearing the older, flat lying lowland access trail and re-establishing pre-existing drill trails for access to the project from the Alaskan Highway located 4-kilometres to the north. Once completed, a ground-based, high resolution EM survey is planned to refine historical geophysical conductors for drill testing.”Exploration To DateThe Company competed a drone-based magnetometer survey (Figure 1) over the entire Canalask project. This survey consisted of 392-line kilometers at 100-meter spacing and helped refine the location and structure of the Ni-Cu-PGE prospective ultramafic dyke and will greatly assist in the refinement of drill targeting (see press release November, 17, 2022). In addition, a reconnaissance site visit returned grab sample assays over 2% nickel, 6% copper and 1.55 g/t gold. These results support the high grades that were historically reported in footwall-style sulphide mineralization at the Canalask deposit.Permitting UpdateDue to a history of shallow exploration efforts near the Canalask deposit, the project hosts an abundance of historical trails that can be used for access. The Class 1 Exploration Permit allows various exploration activities, including diamond drilling on existing dis...