Palladium One Intersects Wide Zones of Mineralization at West Pickle, on the Tyko Nickel Project, Canada
Palladium One Intersects Wide Zones of
Mineralization at West Pickle, on the Tyko
Nickel Project, Canada
Highlights
Wide zones of nickel-copper mineralization intersected at West Pickle Include:
0.6% Ni, 0.4% Cu
, 0.01% Co, 0.08 g/t Total Precious Metals ("TPM") (Pt+Pd+Au)
over
28.2 meters
in hole TK22-114
Including
2.0% Ni, 0.6% Cu
, 0.04% Co, 0.12 g/t TPM over 3.2 meters
0.43% Ni, 0.26% Cu
, 0.01% Co, 0.06 g/t TPM
over 27.0 meters
in hole TK22-118
Including
2.0% Ni, 0.7% Cu
, 0.04% Co, 0.14 g/t TPM over 1.0 meters
1.5% Ni, 0.7% Cu
, 0.02% Co, 0.30 g/t TPM
over 8.0 meters
in hole TK22-116
Including
10.0% Ni, 4.47% Cu
, 0.14% Co, 2.13 g/t TPM over 1.0 meters
The most easterly hole to date on West Pickle returns high grade:
1.9% Ni, 1.04% Cu
, 0.03% Co, 0.58 g/t Total Precious Metals ("TPM") (Pt+Pd+Au)
over
2.6 meters
in hole TK22-117
Including
5.7% Ni, 1.9% Cu
, 0.07% Co, 1.57 g/t TPM over 0.8 meters
West Pickle remains open for expansion to the east toward the RJ Zone
West Pickle shown to contain wide zones of mineralization similar to the nearby RJ Zone,
and narrower zones of high-grades similar to the Smoke Lake Zone, located 20
kilometers to the east.
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. - April 19, 2023) -
Palladium One Mining Inc.
(
TSXV: PDM)
(OTCQB: NKORF) (FSE: 7N11
) (the "
Company
" or "
Palladium One
") is pleased to report the final
results of the 2022 drill program on the Tyko Project Nickel - Copper Project, in Ontario, Canada. These
results represent the widest intercepts to date from the West Pickle Zone massive sulphide discovery.
President and CEO, Derrick Weyrauch commented, "These drill results reinforce both the high-grade
nature of the West Pickle Zone and the potential for tonnage as seen in hole TK22-114, having 28
meters of 0.6% nickel and 0.4% copper. These widths and grades are very reminiscent of the wide
zones of mineralization found at the RJ Zone which retuned 85.4 meters of 0.5% Ni and 0.2% Cu (Hole
TK16-002), and speaks to the potential of these Chonolith / Feeder Dykes to host significant
mineralization (Figure 1, 2)."
The most easterly hole drilled to date on the West Pickle Zone (Hole TK22-117), intersected high-grade
massive nickel-copper sulphides and has extended the zone to over 600 meters in length, and it remains
open for further expansion on the east toward the RJ Zone.
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 2,3).
The 2022 drill program consisted of 70 holes totaling 13,038 meters.
The 2023 exploration program is focused on ground truthing and drill testing interpreted Chonoliths /
Feeder Dykes on the Tyko Project.
In Q1 2023, the Company completed a high-resolution magnetic
survey while the field season is expected to resume once snow conditions allow.
The Q1 2023 magnetic
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.
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/6502/162958_25a6ad221402ba93_001full.jpg
Figure 2.
Plan and long section looking north perpendicular to the interpreted chonolith structure linking
the West Pickle and RJ zones and 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/6502/162958_25a6ad221402ba93_002full.jpg
Figure 3.
Long section of the West Pickle Zone showing drill hole intercepts.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/162958_25a6ad221402ba93_003full.jpg
Figure 4.
Blebby and stringer nickel-copper sulphide in altered clinopyroxenite in hole TK22-114 ~130m
down hole.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/162958_palladiumonefig4.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
TK22-109
130.0
140.0
10.0
0.32
0.14
0.01
0.03
0.01
0.01
0.00
130.0
131.0
1.0
1.52
0.26
0.03
0.11
0.08
0.03
0.01
163.0
167.2
4.2
0.14
0.06
0.01
0.02
0.01
0.01
0.00
TK22-110
131.6
135.3
3.7
0.78
0.12
0.02
0.13
0.04
0.09
0.00
132.6
133.6
1.0
1.63
0.10
0.05
0.28
0.06
0.22
0.00
TK22-112
146.0
148.0
2.0
0.16
0.07
0.01
0.02
0.01
0.01
0.00
170.0
174.0
4.0
0.11
0.05
0.01
0.01
0.01
0.00
0.00
TK22-113
Abandoned due to deviation
TK22-114
116.6
144.8
28.2
0.65
0.38
0.01
0.08
0.03
0.04
0.01
117.6
138.8
21.2
0.84
0.49
0.02
0.10
0.04
0.05
0.01
117.6
120.8
3.2
2.05
0.61
0.04
0.12
0.06
0.05
0.01
TK22-115
115.8
118.6
2.8
0.16
0.11
0.01
0.05
0.02
0.03
0.00
116.8
117.6
0.8
0.34
0.05
0.02
0.11
0.04
0.07
0.00
TK22-116
137.0
145.0
8.0
1.49
0.71
0.02
0.30
0.11
0.04
0.14
137.0
140.0
3.0
3.87
1.71
0.06
0.76
0.29
0.10
0.37
137.0
138.0
1.0
10.01
4.47
0.14
2.13
0.82
0.22
1.09
TK22-117
106.5
109.0
2.6
1.91
1.05
0.03
0.58
0.33
0.24
0.02
107.2
108.0
0.8
5.66
1.94
0.07
1.57
0.97
0.55
0.05
TK22-118
101.0
128.0
27.0
0.43
0.26
0.01
0.06
0.03
0.03
0.01
107.0
123.0
16.0
0.58
0.36
0.02
0.09
0.04
0.04
0.01
115.0
116.0
1.0
2.03
0.73
0.04
0.09
0.04
0.05
0.01
TK22-119
104.0
105.0
1.0
0.28
0.23
0.01
0.07
0.02
0.03
0.02
TK22-120
173.1
175.8
2.7
0.76
0.37
0.03
0.16
0.09
0.06
0.01
174.1
175.0
0.8
1.71
0.79
0.09
0.39
0.21
0.16
0.02
TK22-121
No significant values
TK22-122
No significant values
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
(1)
Reported widths are "drilled widths" not true widths.
(2)
Italicised grey shaded values are previously reported (see news release
October 4, 2022
,
November 21, 2022
November 29, 2022
, and
January
12, 2023
,
February 6, 2023
)
Table 2: Drill Hole Locations for assay results from this News Release
Hole
Azimuth
Dip
Length
NAD83 z16 East
NAD83 z16 North
Elevation
TK22-109
141
-52
189
601724
5421967
349.93
TK22-110
184
-52
177
601723.7
5421966
349.65
TK22-112
140
-57
225
601724.8
5421967
349.12
TK22-113
140
-46
42
601724.8
5421967
349.12
TK22-114
141
-46
162
601724.5
5421968
349.73
TK22-115
130
-61
201
602004.1
5421973
347.63
TK22-116
155
-54
174
601606.9
5421923
349.53
TK22-117
130
-53
177
602004.6
5421972
347.02
TK22-118
195
-54
180
601816.1
5421969
350.62
TK22-119
165
-52
227
602003.8
5421971
345.73
TK22-120
171
-56
222
601562
5421919
351.45
TK22-121
193
-59
195
602002.4
5421974
345.62
TK22-122
157
-57
201
601897.3
5421970
348.53
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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