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Palladium One Step Out Hole Delivers Wide, High-Grade Mineralization at Kaukua South
Toronto, Ontario--(Newsfile Corp. - October 6, 2020) - The first assay results from the resume...
About this update from Gt Resources Inc
[{"type":"text","content":"Palladium One Step Out Hole Delivers Wide, High-Grade Mineralization at Kaukua SouthToronto, Ontario--(Newsfile Corp. - October 6, 2020) - The first assay results from the resumed Phase I drill program at the LK Project in Finland has retuned a wide zone, of shallow, high-grade palladium mineralization in the Kaukua South Extension, said Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (\"Palladium One\" or the \"Company\") today. Hole LK20-014 returned a core zone of 72.0 m at 1.96 g/t palladium equivalent (Pd_Eq)* within a wider zone of 145.5m at 1.26 g/t Pd_Eq.Key highlights:Continuity between holes LK20-006 and LK20-014 demonstrates potential to rapidly add tonnes and thereby scale to existing NI 43-101 resources.Shallow mineralization developing at scale within the Kaukua South Zone.Starting at only 13.5 meters downhole, hole LK20-014 returned 145.5 m at 1.26 g/t Pd_Eq. with a core zone of 72 m at 1.96 g/t Pd_Eq.Hole LK20-014 is 100 m east of hole LK20-006 which returned 166.7 m at 1.27 g/t Pd_Eq. with a core zone of 63.4 m at 1.88 g/t Pd_Eq. \"Results from the Kaukua South Zone continue to indicate that the Kaukua area hosts the footprint of a large-scale, shallow, mineralized system displaying continuity,\" said Derrick Weyrauch, President and Chief Executive Officer. Hole LK20-014 is 100 m east of hole LK20-006 (see news release dated August 11, 2020), which returned nearly identical grades and widths (Table 1) and is 800 m east of hole KAU-08-035, which returned a core zone of 33 m at 1.90 g/t Pd_Eq (Figure 1).These consistent core intercepts validate the Company's thesis that there are more tonnes than initially thought at Palladium One's LK Project in Finland. The shallow and high-grade core intercepts provide the opportunity to significantly increase the existing NI 43-101 Kaukua open pit resource.Phase 1 Drill Program UpdateThe Company continues to log and sample the drill core from the recently completed drilling program. Fourteen holes totalling 2,566 m were completed during the resumed program in August and September, bringing the total Phase I exploration drilling program to 26 holes totalling 4,490 m. Table 1. Resumed Phase 1 Drill ResultsZoneHoleFrom (m)To (m)Width (m)Pd_Eq g/t*PGE g/t (Pd+Pt+Au)Pd g/tPt g/tAu g/tCu %Ni %KaukuaLK20-006** 43.8210.5166.71.160.580.390.140.050.090.10SouthUpper Z...