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Palladium One Reports Prospecting Samples of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Ni-Cu-PGE Property, Canada
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - Palladium One Mining Inc. ...
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[{"type":"text","content":"Palladium One Reports Prospecting Samples of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Ni-Cu-PGE Property, CanadaVancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) (the \"Company\" or \"Palladium One\") is pleased to report prospecting samples with assay results of up to 0.74% Ni, 4.09% Cu and 2.51g/t PGE on the Tyko Nickel-Copper-PGE Property, located near Marathon, Ontario, Canada. The Fall 2019 exploration program was designed to extend known mineralized zones and follow up untested airborne Electromagnetic (\"EM\") and Magnetic (\"Mag\") geophysical anomalies. Three historic showings1 were investigated including, Tyko, Bulldozer and Shabotik, significant grab samples are shown in Table 1. Table 1. Significant Prospecting Samples from the 2019 Fall Exploration ProgramShowingNi %Cu %Co %Pt g/tPd g/tAu g/tPGE g/t(Pt+Pd+Au)Tyko1.120.660.020.410.520.010.94Tyko0.744.090.061.211.190.112.51Bulldozer0.050.910.050.060.040.010.11Shabotik0.050.720.020.430.420.010.86 A total of 34 prospecting and 39 soil samples were collected over a two-week reconnaissance program (Figure 1). These samples include the first samples collected by the Company from the newly staked Shabotik showing (see press release August 19, 2019).Additional favourable gabbro and pyroxenitic host rocks were identified ~400m to the southwest of the newly acquired Shabotik showing. These rocks contain trace disseminated chalcopyrite and are similar to those which host the Shabotik showing, thus suggesting additional mineralization may occur in this area. Based on the success achieved, the Company has staked an additional 87 claim units on the Tyko project, which now encompass 479 claim units totalling 10,320 hectares.Figure 1. Sample LocationsTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6502/51672_b926adc8f4ccfa28_001full.jpg\"Our reconnaissance prospecting and soil sampling program tested several parts of the property with EM and Mag anomalies that had not been mapped or prospected. While few bedrock outcrops were observed, gabbro and pyroxenite boulders suggest that favourable host rocks may occur nearby. We look forward to the results of soil samples collected in these, overburden covered areas.\" Commented Derrick Weyrauch, Presi...