Palladium One Expands West Pickle High- Grade Nickel Zone to 600 Meters, Tyko Nickel - Copper Project, Canada
Palladium One Expands West Pickle High-
Grade Nickel Zone to 600 Meters, Tyko Nickel -
Copper Project, Canada
Highlights
West Pickle mineralized strike length increased to over 600 meters, remains open to the
east and west.
New West Pickle Zone assay results include:
3.9% Ni, 2.5% Cu
, 0.05% Co, 0.55 g/t Total Precious Metals ("TPM") (Pt+Pd+Au) over 2.0
meters of massive and semi-massive sulphides in hole TK-22-074
Including 8.1% Ni, 2.8% Cu
, 0.11% Co, 1.05 g/t TPM over 0.9 meters
Property Wide Feeder Dyke / Chonolith geological model
Successful first test returns wide interval of anomalous nickel, supports exploration
thesis that east-west trending interpreted feeder dykes are mineralized
(Hole TK22-
076,
located 2 kilometers West
of the West Pickle Zone)
RJ Zone, 2.7 kilometres east of West Pickle, previously retuned 85.4 meters of
ultramafic hosted mineralization with Feeder Dyke / Chonolith breccia textures:
0.5% Ni and 0.2% Cu over 85.4 meters
in hole TK-16-002
Including 1.0% Ni and 0.2% Cu over 16.2 meters
(see press release
June 8, 2016
)
Toronto, Ontario--(Newsfile Corp. - February 6, 2023) -
Palladium One Mining Inc.
(
TSXV: PDM
)
(
OTCQB: NKORF
) (
FSE: 7N11
) (the "
Company
" or "
Palladium One
") is pleased to report the
expansion of and additional high-grade drillhole intercepts from the West Pickle Zone massive sulphide
discovery on the Tyko Nickel – Copper Project, in Ontario, Canada.
President and CEO, Derrick Weyrauch commented, "This latest batch of drill results reinforces the high-
grade nature of the West Pickle Zone. Visual results from hole TK22-117, the most easterly hole drilled
to date on the West Pickle Zone, intersected massive nickel - copper sulphides (Figure 1 and 4) which
has extended the zone to over 600 meters in length, and it remains open for further expansion both to the
east and west.
"The anomalous nickel values over significant widths in hole TK22-076 is significant as they represent
the first assays from the many interpreted Feeder Dyke / Chonolith structure on the 30,000-hectare Tyko
Project. This mineralization style reinforces our interpretation that these structures potentially host
additional nickel - copper discoveries.
"The 2023 exploration program is focused on ground truthing and drill testing these structures, with the
intent of discovering additional wide zones of mineralization, such as the RJ Zone which retuned 85.4
meters of 0.5% Ni and 0.2% Cu (Hole TK16-002).
"The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 45 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."
To date a total of 32 holes, totalling 6,766 meters have been drilled in the vicinity of the West Pickle
Discovery. At present, West Pickle mineralization has been defined over more than 600 meters of strike
length (Figure 3 and 4).
Figure 1.
Massive pentlandite-pyrrhotite-chalcopyrite sulphide intersection in hole TK22-117 from 107.2
to 107.8 meters within a 5.5-meter intersection of patchy, disseminated and stringer sulphide from 107.2
to 112.7 meters, assays are pending.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/153679_Figure1.jpg
Figure 2.
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/6502/153679_58ae80896427facf_002full.jpg
Figure 3.
Plan and long section looking north perpendicular to the interpreted chonolith structure linking
the West Pickle and RJ zones, showing potential for massive sulphide mineralization beyond the depth
detectable by the 2021 VTEM airborne survey.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/153679_58ae80896427facf_003full.jpg
Figure 4.
Long section looking south of the West Pickle Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/153679_58ae80896427facf_004full.jpg
Table 1: Assay Results: Select Tyko 2022 Drill Results from the West Pickle Zone
Hole
From
(m)
To
(m)
Width
(m)
Ni
%
Cu
%
Co
%
TPM g/t
(Pd+Pt+Au)
Pd
g/t
Pt
g/t
Au
g/t
TK22-059
184.0
187.7
3.7
2.33
1.85
0.06
0.45
0.21
0.21
0.03
185.3
187.7
2.4
3.49
2.73
0.09
0.64
0.30
0.30
0.04
185.3
187.0
1.8
4.79
3.67
0.12
0.87
0.41
0.41
0.05
185.3
185.9
0.6
8.21
1.60
0.24
1.62
0.80
0.79
0.03
TK22-060
183.7
196.3
12.6
0.72
0.34
0.02
0.14
0.06
0.06
0.02
184.3
189.0
4.7
1.77
0.63
0.03
0.27
0.12
0.12
0.03
186.6
189.0
2.4
3.18
0.99
0.06
0.39
0.18
0.19
0.02
188.0
188.5
0.5
7.60
1.25
0.12
0.41
0.18
0.20
0.03
TK22-070
164.6
174.7
10.1
2.47
0.99
0.04
0.27
0.14
0.10
0.02
164.6
168.4
3.8
6.42
2.40
0.09
0.64
0.35
0.25
0.04
165.4
167.6
2.3
10.41
3.40
0.14
0.92
0.53
0.34
0.04
165.4
167.1
1.7
12.58
2.49
0.17
0.94
0.60
0.30
0.04
165.4
166.3
0.9
12.90
2.70
0.16
1.05
0.67
0.34
0.04
TK22-072
149.0
153.1
4.1
2.05
0.89
0.04
0.36
0.11
0.22
0.03
150.4
153.1
2.7
3.08
1.18
0.07
0.45
0.14
0.29
0.02
151.7
153.1
1.5
5.33
1.48
0.12
0.67
0.17
0.48
0.02
151.7
152.3
0.7
7.39
2.22
0.16
0.95
0.24
0.69
0.03
TK22-073
137.5
140.1
2.6
7.19
2.01
0.10
0.56
0.32
0.20
0.05
137.5
139.3
1.8
10.32
2.88
0.15
0.80
0.46
0.27
0.07
138.5
139.3
0.8
11.90
0.98
0.16
0.64
0.33
0.26
0.05
TK22-074
148.9
150.8
2.0
3.94
2.50
0.05
0.55
0.36
0.17
0.02
149.9
150.8
0.9
8.14
2.84
0.11
1.05
0.71
0.31
0.03
TK22-075
133.6
137.8
4.2
0.06
0.17
0.00
0.09
0.03
0.04
0.03
133.6
134.5
0.9
0.11
0.25
0.00
0.14
0.04
0.05
0.05
TK22-076
70.6
115.5
46.3
0.08
0.01
0.01
0.01
0.00
0.00
0.00
103.6
114.0
10.4
0.10
0.02
0.01
0.01
0.00
0.00
0.00
TK22-077
214.4
214.9
0.5
0.00
0.16
0.01
0.00
0.00
0.00
0.00
(1)
Reported widths are "drilled widths" not true widths.
(2)
Italicised grey shaded values up to hole TK22-073 are previously reported (see news release
October 4, 2022
,
November 21, 2022
November
29, 2022
, and
January 12, 2023
)
Table 2: Drill Hole Locations for assay results from this News Release
Hole
Azimuth
Dip
Length
NAD83 z16 East
NAD83 z16 North
Elevation
TK22-074
170
-56
180
601608
5421928
349
TK22-075
120
-45
204
601611
5421924
348
TK22-076
135
-45
210
599503
5421889
354
TK22-077
160
-60
300
601974
5421987
347
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 an early stage, high sulphide tenor, nickel - copper (2:1 ratio) project
and currently has five known mineralized zones spanning over a 20 kilometer strike length. The West
Pickle Zone occurs on the Pezim II claim block of the larger Tyko Project.
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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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/153679