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Palladium One Reports Reconnaissance Prospecting Returning 3.106 g/t PGE, 0.78% Cu, and 0.13% Ni at the LK Project, Finland
VANCOUVER, British Columbia, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Palladium One Mining Inc. (TSX-V: PDM, FRA: 7N11) (the "Company" or “Palladium One”) is pleased t
About this update from Gt Resources Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Palladium One Mining Inc. (TSX-V: PDM, FRA: 7N11) (the \"Company\" or “Palladium One”) is pleased to announce that technical director, Neil Pettigrew, recently completed a site visit and reconnaissance prospecting on the Company’s Lantinen Koillismaa (LK) Project located in North Central Finland. The new Palladium One team site visit, included the review of the geology of the entire Koillismaa layered mafic-ultramafic complex (Figure 1), inspection of the LK project properties and historic drill core. Successful meetings were also held with local municipal leaders and Finnish consultants who are expected to have key roles in conducting future exploration programs. As part of this site visit, previously identified high priority areas were also visited and reconnaissance surface samples were collected (Table 1). The sampling focused on two areas, Haukiaho and Murtolampi which are discussed in detail below. Table 1. Reconnaissance Sampling Sample No. Area Cu wt% Ni wt % Pt g/t Pd g/t Au g/t PGE (Pt+Pd+Au) NP-LK-19-001 Haukiaho East 0.23 0.16 0.095 0.295 0.135 0.525 NP-LK-19-002 Haukiaho East 0.51 0.33 0.185 0.563 0.209 0.957 NP-LK-19-003 Murtolampi 0.78 0.13 1.115 1.855 0.136 3.106 Haukiaho Surface sampling conducted ~2 km east of the most recent (2013) historic Haukiaho resource1 returned up to 0.51% Cu, 0.33% Ni and 0.957g/t PGE (Figure 1). This sampling was undertaken in historic workings associated with a mini bulk sample collected by Outokumpu in the 1960’s, which only tested for copper and nickel mineralization. That is, no PGE analysis was conducted at that time. Historic drilling by Outokumpu included four nearby diamond drill holes that also only analysed for copper and nickel mineralization and which returned up to 0.21% Cu, 0.20% Ni over 35.21m in hole R692 and 0.25% Cu, 0.14% Ni over 37.10m, including 0.43% Cu, 0.19% Ni over 11.89m in hole R609. The most recent historic Haukiaho resource1 was completed by Finore Mining Inc. in 2013 and consisted of 23.2 million inferred tonnes grading 0.21% Cu, 0.14% Ni, 0.13 g/t Pt, 0.31 g/t Pd, and 0.10 g/t Au (0.53 g/t PGE) using a 0.1 g/t Pd cut off. This resource encompassed widely spaced drilling with a focus on maximizing tonnage. An earlier historic resource1 completed by Ou...