Palladium One Reports Mineral Resource Estimate for the Kaukua Deposit of the LK PGE-Ni-Cu Project in Finland

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[{"type":"text","content":"Palladium One Reports Mineral Resource Estimate for the Kaukua Deposit of the LK PGE-Ni-Cu Project in FinlandImproved Geological InterpretationKaukua Deposit Remains Open for Resource ExpansionVancouver, British Columbia--(Newsfile Corp. - September 9, 2019) - Palladium One Mining Inc. (TSXV: PDM0) (FSE: 7N11) (the \"Company\" or \"Palladium One\") is pleased to announce the Company's Mineral Resource estimate for the Kaukua Deposit within the 100% owned Läntinen Koillismaa (\"LK\") PGE-Cu-Ni project, located in north-central Finland (Figure 1).HighlightsAn optimized pit-constrained Mineral Resource, at a 0.3 g/t Pd (\"grams per tonne\" \"palladium\") cut-off, for the Kaukua Deposit includes: 635,600 Pd_Eq ounces of Indicated Resources grading 1.80 g/t Pd_Eq (\"palladium equivalent\") contained in 11 million tonnes, and525,800 Pd_Eq ounces of Inferred Resources grading 1.50 g/t Pd_Eq contained in 11 million tonnes Metal prices assumption used in pit optimization:CommodityUnitsPit Assumption (US$)Palladiumper oz$1,100Platinumper oz$950Goldper oz$1,300Copper per lbs$3.00Nickelper lbs$7.00 The underlying price assumptions are conservative in the context of today's commodity price market, where for example, palladium is trading at $1,550 per ounce.The Kaukua Deposit is expected to have a low capital intensity given the favourable 3:1 stripping ratio of the conceptual pit-constrained resource The Kaukua South zone, located ~500 m south of the current pit constrained Mineral Resource hosts an Exploration Target Potential range of:Between 0.23 and 3.0 million tonnes grading 0.7 to 1.0 g/t Pd_Eq The potential quantity and grade is conceptual in nature, insufficient exploration has been performed to define a mineral resource, and it is uncertain if a mineral resource will be delineated.This zone, with very limited drilling has demonstrated up to 0.74 g/t Pd, 0.24 g/t Pt, 0.07 g/t Au (1.05 g/t PGE), 0.17 % Cu and 0.13% Ni over 32.95 m in hole KAU08-035 and represents a key area for additional resource expansionFuture drilling at the Kaukua Deposit is planned to target zones of higher-grade PGE-Cu-Ni mineralization within the current resource that were not followed up by previous drilling. Infill drilling is also planned to upgrade inferred resources to a higher category.Near term expansion of mineral resources in the Kaukua area...

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