Palladium One Mining Provides Corporate Update
TSX-V: PDM
Palladium One Mining Provides Corporate Update
June 10, 2019 – Vancouver, B ritish Columbia – Palladium One Mining Inc. (TSX-V: PDM) (the
"Company" or “Palladium One ”) today announce s initial progress made at it s Palladium dominant,
Lantinen Koillismaa (“LK”) PGE-Cu-Ni Project in north -central Finland and its Tyko Nickel Project in
Ontario, Canada.
Lantinen Koillismaa (“LK”) PGE-Cu-Ni Project
At the LK Project, the Company has initiated and substantially completed the compilation and review of
historic exploration information from prior operators and the Geological Survey of Finland. This large
database includes but is not limited to geophysics (IP, Airborn e Mag & EM ), sampling, mapping,
diamond drilling, metallurgical and petrology studies, and some 3D modelling.
The data, including historical diamond drilling on the LK P roject, is being modeled in 3D software . The
results of the compiled data will be used to help provide a sound geological base from which to define
future drilling targets.
In addition , the Company has retained Mining Plus UK Ltd . to prepare an independent National
Instrument 43-101 compliant mineral resource estimate for the Kaukua deposit of the LK Project.
As part of the mineral resource estimation, a data verification program has been initiated wherein over
100, quarter-split core samples have been collected from historic al diamond drill core and have been sent
to ALS Global in Finland for re -assaying and ultimately reconciliation with the existing drill hole assay
database.
The LK Project land package consists of a total of 3,842 hectares and comprises nine exploration permit
applications covering over 25 km of the prospective basal unit in the Koillismaa layered mafic-ultramafic
complex. The Finish Ministry of Mining has begun its proc ess to review all exploration permit
applications and is expected to make final decisions with regard to requested approvals in Q3 2019.
The Koillismaa Complex is part of a suite of Paleoproterozoic continental rift -related intrusions which are
highly prospective for PGE -Cu-Ni deposits such as the nearby Suhanko Arctic Platinum deposit located
90 km northwest of the LK Project. Suhanko A rctic Platinum reported that it hosts a SAMREC Code
Compliant Measured and Indicated resources of 5.4 million ounces of p alladium grading 1.44 g/t Pd and
1.3 million ounces of platinum grading 0.35 g/t Pt at a cut-off of 1.0g/t 2PGEAu as well as Inferred
Resources of 4.4 million ounces of p alladium grading 1.50 g/t Pd and 1.1 million ounces of p latinum
grading 0.38 g/t Pt.
Tyko Ni-Cu-PGE (“Tyko Nickel”) Project
The Tyko P roject is located about 60 km northeast of the Mar athon Copper -Palladium deposit which
hosts NI 43-101 compliant Measured and Indicated resources of 3.0 million ounces of p alladium grading
0.775g/t Pd, 0.9 million ounces of p latinum grading 0.228 g/t Pt and 280,000 tonnes of c opper grading
0.24%, at an NSR cut-off of $10.50/t ore milled, contained in 115 million tonnes (2010).
Mineralization at Tyko is hosted by metamorphosed pyroxenite which has been intruded by later granitoid
rocks. The mineralized pyroxenite contains abundant rip-up clasts of other mafic-ultramafic phases which
suggests an active feeder -type system. The mineralization is nickel -rich, with an average Ni:Cu ratio of
about 2:1 and a Pt:Pd ratio of about 1:1. Significantly, sulphide tenors are very high with indicated tenors
in 100% sulphide averaging 8.6% Ni, 4.6% Cu, and 3.3g/t PGE at the RJ Zone and 16.3% Ni, 8.70% Cu,
and 12.8g/t PGE at the Tyko Zone.
Plans are underway for a summer exploration program consisting of downhole IP surveys of the
Company’s 2016 diamond drill holes (see Palladium One news release: June 8, 2016) and reconnaissance
geological mapping and prospecting to ground truth several regional airborne EM anomalies. The result s
of the summer program will guide the next round of drilling.
Other
The Company also announces that it has granted 2,400,000 stock options to directors, officers,
consultants and advisors, h aving an exercise price o f $0.08 per share, a term of 5 years and vesting
immediately.
Qualified Person:
Scott Jobin-Bevans, P. Geo., a director and VP Exploration for the Company, is the Qualified Person as
defined by National Instrument 43-101 and has reviewed and approved the technical information in this
document. Dr. Jobin-Bevans is a registered geoscientist with over 30 years of experience in the mineral
exploration industry.
About Palladium One:
Palladium One Mining Inc. is a PGE, nickel, copper exploration and development company. Its assets
consist of the Lantinen Koillismaa (“LK”) PGE-Cu -Ni project, located in north-central Finland and the
Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada.
ON BEHALF OF THE BOARD:
“Derrick Weyrauch”
Interim President & CEO, Director
For further information contact:
Derrick Weyrauch
Email: [email protected]
Phone: 1-778-327-5799
Fax: 778-327-6675
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 is not an offer or a solicitation of an offer of securities for sale in the United States of
America. The common shares of Palladium One Mining Inc. have not been and will not be registered
under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from registration.
Information set forth in this press rel ease may contain forward -looking statements. Forward -looking
statements are statements that relate to future, not past events. In this context, forward -looking statements
often address a company's expected future business and financial performance, and oft en contain words
such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By
their nature, forward -looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed o r implied by such
forward-looking statements. Such factors include, among others, risks associated with project
development; the need for additional financing; operational risks associated with mining and mineral
processing; fluctuations in gold and other commodity prices; title matters; 6 environmental liability
claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the
volatility of our common share price and volume; and tax consequences to U.S. Shareholders. Forward -
looking statements are made based on management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to update forward-looking statements if
these beliefs, estimates and opinions or other circ umstances should change. Investors are cautioned
against attributing undue certainty to forward-looking statements.