Palladium One Down Plunge Drilling Extends Broad Mineralized Zone at Kaukua South, Finland
Palladium One Down Plunge Drilling Extends
Broad Mineralized Zone at Kaukua South,
Finland
Highlights
The deepest drill hole to date demonstrates continuity of high grades and significant
widths at Kaukua South
3.4 g/t Palladium Equivalent over 6.0 meters, within 1.9 g/t Palladium Equivalent over 60.3
meters, in hole LK21-091
3.4 g/t Palladium Equivalent over 10.0 meters, within 1.7 g/t Palladium Equivalent over
62.9 meters, in hole LK21-098
Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - Palladium One Mining Inc. (TSXV: PDM) (FSE:
7N11) (OTCQB: NKORF) ("Palladium One" or the "Company") is pleased to announce that the deepest
down plunge drill hole to date on the Kaukua South Zone, hole LK21-098, intersected 3.4 g/t Palladium
Equivalent ("Pd_Eq") over 10.0 meters, within 1.7 g/t Pd_Eq over 62.9 meters, starting at 308 meters
down hole (Figure 1, 2, and 3).
These drilling results extend the Kaukua South zone beyond 300 meters vertical depth and confirm that
the high-grade core zones identified at surface extend to depth (Figure 1, and 3).
Derrick Weyrauch, President and CEO of Palladium One, commented: "Multiple, broad, high-grade
conduits of mineralization exist within Kaukua South and extend to depth. We have extended the Kaukua
South Zone from a depth of approximately 200 meters to beyond 300 meters, where it remains open for
additional expansion."
Initially drilling of Kaukua South was restricted to 200 meters in depth, but with the discovery of an Upper
Zone of mineralization that could favourably reduce the strip ratio, the Company refocused its drill
program to expand the core zone of both the existing Kaukua deposit and Kaukua South to a 300-meter
depth. The batch of holes released herein confirms that not only does Kaukua South Zone extend to
depth, but also proves continuity of wider and higher grade core zones.
Figure 1.
Kaukua South Long Section. Having a drill data cut off date of September 4, 2021 (hole LK21-
128), assays have been received for holes up to LK21-098, the rest are pending. The long section
covers only the western portion of Kaukua South which the Company is focused on bringing to an initial
NI43-101 resource estimate. The long section is a vertical slice representing only the ~55° south dipping
Lower Zone of Kaukua South. Intercepts are represented in both width (meters) and grade (Pd_Eq*) as
well as gram*meters (grade*width).
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6502/100105_d379f722e43a99ee_001full.jpg
Figure 2.
Historic and current drilling in the Kaukua and Western portion of the Kaukau South area
having a drill data cut off date of September 4, 2021 (hole LK21-128), assays have been received for
holes up to LK21-098, the rest are pending. Background is Induced Polarization ("IP") Chargeability.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6502/100105_d379f722e43a99ee_002full.jpg
Figure 3.
Cross sections A and B showing on Figure 2 Long section, and new results for holes LK21-
091 and 098.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6502/100105_d379f722e43a99ee_003full.jpg
Table 1. LK Project Kaukua South Drill Hole Results
Hole
From
(m)
To
(m)
Width
(m)
Pd_Eq
g/t*
PGE
(Pt+Pd+Au)
Pd
g/t
Pt
g/t
Au
g/t
Cu
%
Ni
%
Co
g/t
LK21-089
Upper Zone
26.9
51.0
24.1
0.56
0.13
0.08
0.02
0.04
0.07
0.08
64
Lower Zone
125.5
164.0
38.5
0.91
0.55
0.36
0.15
0.04
0.08
0.07
56
Inc.
129.7
138.8
9.2
1.34
0.75
0.46
0.23
0.07
0.13
0.12
80
And
152.5
154.0
1.5
2.07
1.51
1.04
0.37
0.11
0.17
0.11
61
LK21-090
Upper Zone
23.3
52.5
29.2
0.52
0.13
0.08
0.01
0.04
0.07
0.07
56
Inc.
30.5
33.0
2.6
0.83
0.29
0.20
0.03
0.06
0.05
0.13
77
Lower Zone
130.3
154.8
24.5
0.68
0.38
0.23
0.12
0.03
0.06
0.07
56
Inc.
147.0
154.8
7.8
1.14
0.74
0.45
0.24
0.05
0.09
0.09
66
LK21-091
Upper Zone
158.8
222.0
63.2
0.58
0.14
0.08
0.02
0.04
0.07
0.09
68
Inc
158.8
173.0
14.2
1.05
0.30
0.17
0.05
0.08
0.13
0.15
100
Inc
159.6
160.6
1.0
2.88
1.29
0.73
0.30
0.26
0.34
0.32
164
Lower Zone
266.7
327.0
60.3
1.92
1.15
0.78
0.28
0.10
0.18
0.16
82
Inc.
266.7
317.5
50.8
2.07
1.25
0.84
0.30
0.11
0.19
0.17
87
Inc.
299.0
317.5
18.5
2.48
1.65
1.13
0.40
0.11
0.21
0.18
78
Inc.
299.0
305.0
6.0
3.40
2.25
1.52
0.56
0.17
0.33
0.23
98
LK21-092
Upper Zone
84.0
166.0
82.0
0.58
0.13
0.07
0.02
0.04
0.07
0.09
75
Inc.
100.5
105.1
4.6
1.31
0.41
0.27
0.06
0.08
0.14
0.19
126
Lower
201.4
256.5
55.0
0.97
0.57
0.37
0.15
0.05
0.09
0.08
54
Inc.
201.4
214.8
13.4
1.50
0.71
0.45
0.18
0.08
0.18
0.16
82
LK21-093
Upper Zone
75.8
137.0
61.3
0.62
0.16
0.10
0.02
0.04
0.08
0.09
74
Inc.
106.5
112.0
5.5
1.01
0.34
0.26
0.02
0.05
0.11
0.13
96
Lower Zone
209.9
260.0
50.1
1.09
0.57
0.39
0.13
0.05
0.10
0.11
71
Inc.
209.9
218.8
8.9
1.77
1.01
0.68
0.25
0.09
0.18
0.15
90
LK21-094
Upper Zone
132.0
194.6
62.6
0.56
0.13
0.08
0.02
0.03
0.07
0.08
67
Inc.
132.0
140.2
8.2
1.40
0.38
0.23
0.06
0.09
0.23
0.18
116
Lower
272.5
289.0
16.5
0.95
0.47
0.31
0.12
0.04
0.10
0.10
54
LK21-095
Upper Zone
52.9
81.0
28.2
0.68
0.17
0.10
0.03
0.05
0.09
0.10
74
Inc
54.3
57.5
3.3
1.34
0.42
0.23
0.08
0.12
0.17
0.19
108
Lower Zone
225.0
232.0
7.0
0.76
0.40
0.27
0.10
0.03
0.07
0.08
55
Inc.
227.0
228.4
1.4
1.57
0.97
0.66
0.23
0.08
0.15
0.12
75
LK21-096
Upper Zone
86.0
108.6
22.6
0.90
0.26
0.15
0.05
0.06
0.09
0.13
94
Inc.
86.0
91.4
5.4
1.55
0.60
0.32
0.15
0.13
0.15
0.21
133
Lower
252.3
271.5
19.3
1.06
0.52
0.36
0.12
0.04
0.13
0.10
56
Inc.
261.0
265.0
4.0
1.79
1.01
0.72
0.23
0.06
0.22
0.15
66
LK21-097
Upper Zone
144.3
163.5
19.3
0.68
0.17
0.10
0.03
0.03
0.07
0.11
86
Inc.
151.9
156.0
4.2
1.12
0.38
0.26
0.09
0.03
0.08
0.17
108
Lower Zone
219.0
288.0
69.0
0.95
0.38
0.24
0.10
0.04
0.08
0.12
94
Inc.
227.5
254.4
26.9
1.21
0.57
0.36
0.14
0.06
0.12
0.13
97
Inc.
237.0
243.1
6.1
2.17
1.04
0.66
0.26
0.12
0.22
0.24
134
LK21-098
Upper Zone
229.0
269.3
40.3
0.77
0.20
0.12
0.03
0.05
0.09
0.12
77
Inc.
258.5
269.3
10.8
1.14
0.31
0.21
0.04
0.06
0.13
0.17
106
Hole
From
(m)
To
(m)
Width
(m)
Pd_Eq
g/t*
PGE
(Pt+Pd+Au)
Pd
g/t
Pt
g/t
Au
g/t
Cu
%
Ni
%
Co
g/t
Lower Zone
307.6
370.5
62.9
1.70
1.11
0.76
0.27
0.09
0.15
0.12
63
Inc.
307.6
357.9
50.3
1.96
1.30
0.88
0.31
0.10
0.18
0.13
66
Inc.
319.5
338.5
19.0
2.89
1.99
1.37
0.46
0.15
0.25
0.19
83
Inc.
319.5
329.5
10.0
3.36
2.27
1.58
0.53
0.16
0.33
0.21
101
Inc.
319.5
322.5
3.0
3.96
2.78
2.01
0.64
0.12
0.36
0.23
107
Hole
From
(m)
To
(m)
Width
(m)
Pd_Eq
g/t*
PGE
(Pt+Pd+Au)
Pd
g/t
Pt
g/t
Au
g/t
Cu
%
Ni
%
Co
g/t
* Pd_Eq calculated using in-situ values and prices from the 2021 NI43-101 Haukiaho Mineral Resource Estimate; $1,600/oz Pd, $1,100/oz Pt,
$1,650/oz Au, $3.50 Cu, and $7.50 Ni, and $20/lb Co. Limited historical metallurgical work on the Kaukua deposits indicates final recoveries in the
range of 73% Pd, 56% Pt, 78% Au, 91% Cu, and 48% Ni.
Palladium Equivalent
The Company is calculating Palladium equivalent using US$1,600 per ounce for palladium, US$1,100
per ounce for platinum, US$1,650 per ounce for gold, US$3.50 per pound for copper, US$7.50 per
pound for nickel, and $20/b cobalt consistent with the calculation used in the Company's September
2021 NI 43-101 Haukiaho Resource Estimate.
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. is an exploration company targeting district scale, platinum-group-element
(PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or
LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland,
ranked by the Fraser Institute as one of the world's top countries for mineral exploration and
development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of
favorable basal contact and building on an established NI 43-101 open pit Mineral Resource.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact: Derrick Weyrauch, President & CEO
Email:
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This press release includes "forward-looking information" that is subject to a few assumptions, risks
and uncertainties, many of which are beyond the control of the Company. Statements regarding listing
of the Company's common shares on the TSXV are subject to all of the risks and uncertainties
normally incident to such events. Investors are cautioned that any such statements are not
guarantees of future events and that actual events or developments may differ materially from those
projected in the forward-looking statements. Such forward-looking statements represent
management's best judgment based on information currently available. Factors that could cause the
actual results to differ materially from those in forward-looking statements include regulatory actions
and general business conditions. Such forward-looking information reflects the Company's views with
respect to future events and is subject to risks, uncertainties and assumptions, including those set out
in the Company's annual information form dated April 27, 2021 and filed under the Company's profile
on SEDAR at
www.sedar.com
. The Company does not undertake to update forward-looking
statements or forward-looking information, except as required by law. Investors are cautioned that any
such statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/100105