Palladium One Discovers New High-Grade Nickel - Copper Zone 3.5 kms from the Smoke Lake Zone, Tyko Nickel - Copper Project, Canada
Palladium One Discovers New High-Grade
Nickel - Copper Zone 3.5 kms from the Smoke
Lake Zone, Tyko Nickel - Copper Project,
Canada
Highlights
New High-Grade discovery ("Ember Zone") located 3.5 kilometers southwest of the
Smoke Lake Zone
Multiple near surface drill intercepts of high-grade nickel - copper mineralization
Including:
6.9 meters grading 1.1% Ni, 0.3% Cu
(Hole TK22-104)
Including
1.9 meters grading 2.0% Ni, 0.4% Cu
5.3 meters grading 0.7% Ni, 0.8% Cu
(Hole TK22-100)
Including
1.5 meters grading 2.0% Ni, 2.8% Cu
Ember Zone is located adjacent to a greater than six (6) kilometer long interpreted
Chonolith / Feeder Dyke that is on strike with the Cupa Lake Versatile Time Domain
Electromagnetic airborne ("VTEM") anomaly.
Cupa Lake also hosts coincident strong nickel and copper soil anomalies.
Chonolith / Feeder Dyke geological model continues to be confirmed.
Toronto, Ontario--(Newsfile Corp. - March 27, 2023) -
Palladium One Mining Inc.
(
TSXV: PDM
)
(
OTCQB: NKORF
) (
FSE: 7N11
) (the "
Company
" or "
Palladium One
") is pleased to report the
discovery of a new high-grade nickel - copper zone ("
Ember Zone
")
which is located 3.5 kilometers
southwest of the Smoke Lake Zone (Figure 1) on the Tyko nickel - copper project, in Ontario, Canada
("
Tyko Project
").
"The discovery of another high-grade nickel - copper zone at Tyko further supports our thesis that we
have a significant new nickel camp on our hands. The Ember Zone exhibits many similarities to the
nearby Smoke Lake Zone and other high-grade nickel - copper zones on the Tyko Project. Notably the
Ember Zone is adjacent to an extensive interpreted Chonolith, which is on strike with the Cupa Lake
VTEM / soil anomalies, suggesting Ember may be part of much larger mineralizing system," commented
Derrick Weyrauch, President and Chief Executive Officer.
The Ember Zone was first identified by a moderate two line VTEM anomaly in 2021 (see the Company's
news release dated
October 28, 2021
), reconnaissance soil sampling returned weakly anomalous nickel
values up to 42 parts per million ("
ppm
"), and copper values up to 30 ppm (Figure 2). The weak
geophysical and soil anomalies of the Ember Zone resulted in it being drill tested during Q4 2022, Its
discovery reinforces the notion that any VTEM anomaly and even weak soil anomalies can point to high-
grade nickel - copper mineralization on the Tyko Project.
Notably the Ember Zone is located just north of an interpreted lengthy east-west trending Chonolith /
Feeder Dyke structure which is on strike with the Cupa Lake VTEM / soil anomaly (Figure 2). Cupa Lake
represents a multi-line VTEM anomaly and a strong soil anomaly with values up to 132 ppm nickel and
512 ppm copper. Cupa Lake is a priority drill target which has an outstanding Exploration Permit
application.
The geometry of the Ember Zone is not fully delineated, drilling to date was focused on defining the zone
at shallow depths as the conductor's orientation was poorly defined by the airborne VTEM survey. Thus
far, the zone appears to form a southwest plunging body toward the interpreted Chonolith / Feeder Dyke
structure located to the South (Figure 3). Hole TK22-108 was drilled as a Bore Hole ElectroMagnetic
("
BHEM
") geophysical platform but deviated from the interpreted plunge of the zone. A BHEM survey is
planned in Q2 2023 to better define the VTEM conductor and search for potential conductors at depth.
The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 14 holes are pending
assay results.
The 2023 field season is currently underway, with a high-resolution magnetic survey having
been completed.
The survey was designed to refine the geometry of the interpreted feeder dykes /
chonoliths across the Tyko Project's 30-kilometer strike length prior to additional drill testing. The 2023
exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder
Dyke structures on the 30,000-hectare Tyko Project (Figure 1).
Figure 1.
Tyko Property map showing various mineralized zones and multi-line VTEM anomalies,
background is Calculated Vertical Gradient Magnetics ("
CVG
").
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_001full.jpg
Figure 2.
Ember Zone and Cupa Lake target showing drill holes, soil samples and recently staked
claims (see the Company's new release dated
January 26, 2023
) which cover the eastern extension of
the interpreted Chonolith / Feeder Dyke Structure.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_002full.jpg
Figure 3.
Semi-massive to net-textured sulphide consisting of pentlandite, chalcopyrite, and pyrrhotite
hosted by pyroxenite in the Ember Zone (Hole TK22-100).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_003full.jpg
Figure 4.
Ember Zone plan map and stylized cross section, with select significant intercepts looking
northwest.
Hole TK22-108 was drilled as a geophysical platform hole for a future BHEM survey. Hole
TK22-107 was drilled to test the interpreted Chonolith structure but failed to intersect any ultramafic
rocks or explain the strong magnetic anomaly, the Chonolith structure remains to be tested.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004afull.jpg
Figure 4.
Continued
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004bfull.jpg
Table 1: Assay Results: Tyko 2022 Drill Results from New Ember Zone
Hole
From
(m)
To
(m)
Width
(m)
Ni
%
Cu
%
Co
%
TPM
g/t
Pd
g/t
Pt
g/t
Au
g/t
TK22-096
No significant values
TK22-097
54.9
56.3
1.4
0.52
0.26
0.01
0.06
0.02
0.04
0.00
TK22-098
No significant values
TK22-099
Abandoned due to hole deviation
TK22-100
51.3
56.6
5.3
0.71
0.85
0.02
0.09
0.03
0.05
0.00
53.3
54.8
1.5
2.01
2.85
0.04
0.26
0.11
0.14
0.01
TK22-101
No significant values
TK22-102
54.4
60.4
6.0
0.28
0.15
0.01
0.05
0.01
0.02
0.02
54.4
57.4
3.0
0.38
0.23
0.01
0.08
0.02
0.03
0.04
TK22-103
43.8
47.6
3.9
0.45
0.26
0.01
0.04
0.02
0.02
0.00
43.8
45.8
2.1
0.74
0.45
0.02
0.08
0.03
0.04
0.00
TK22-104
32.0
38.9
6.9
1.07
0.28
0.02
0.07
0.03
0.04
0.00
35.7
37.5
1.9
2.02
0.36
0.04
0.11
0.05
0.06
0.00
TK22-105
No significant values
TK22-106
12.2
20.4
8.2
0.24
0.14
0.01
0.02
0.01
0.01
0.00
14.2
19.3
5.1
0.30
0.17
0.01
0.02
0.01
0.01
0.00
TK22-107
No significant values
TK22-108
No significant values, drilled as a BHEM geophysical platform
Hole
From
(m)
To
(m)
Width
(m)
Ni
%
Cu
%
Co
%
TPM
g/t
Pd
g/t
Pt
g/t
Au
g/t
(1)
Reported widths are "drilled widths" not true widths.
Table 2: Drill Hole Locations for assay results from this News Release
Hole
Azimuth
Dip
Length
NAD83 z16 East
NAD83 z16 North
Elevation
TK22-096
160
-75
225
625080.7
5419729
376
TK22-097
30
-55
150
625102.4
5419695
372.4
TK22-098
30
-70
126
625093.5
5419670
371.9
TK22-099
35
-45
22
625089.8
5419670
376.8
TK22-100
35
-45
75
625093.5
5419670
371.9
TK22-101
65
-45
84
625090.4
5419660
373.8
TK22-102
0
-45
111
625091.1
5419667
372.9
TK22-103
20
-45
96
625088.4
5419680
372.8
TK22-104
48
-50
63
625090.6
5419674
372.9
TK22-105
350
-70
99
625089.2
5419672
372.7
TK22-106
45
-45
51
625125.9
5419706
373
TK22-107
330
-75
195
625218.8
5419494
370.7
TK22-108
350
-70
300
625024.1
5419609
373.8
QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice
President of Exploration, and a Director of the Company.
Drill core samples were split using a rock saw by Company staff, with half retained in the core box and
stored onsite at the Tyko exploration camp core yard facility.
Samples were transported in secure bags directly from the logging facility at the onsite exploration
camp, to the Activation Laboratories Ltd. ("
Actlabs
") in Thunder Bay, Ontario. Actlabs, which is ISO
17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is
accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split
pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-
OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and
Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES
finish.
Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one
QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the
standard used before being released to the public.
About Tyko Nickel - Copper - Cobalt Project
The Tyko Nickel - Copper - Cobalt Project, is located approximately 65 kilometers northeast of Marathon
Ontario, Canada. Tyko is a high sulphide tenor, nickel - copper (2:1 ratio) project and currently has six
known mineralized zones spanning over a 20 kilometer strike length.
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P.
Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined
by National Instrument 43-101.
About Palladium One
Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially
conscious metals for green transportation. A Canadian mineral exploration and development company,
Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in
Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-
nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-
grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow
Palladium One on
,
, and at
www.palladiumoneinc.com
.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email:
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; the pending results of the Company's previous
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